Implementation of GST

Goods and Service Tax 2015 (GST)

Understanding GST
GST shall be levied and charged on the taxable supply of goods and services made in the course or furtherance of business in Malaysia by a taxable person.

GST can only be levied and charged if the business is registered under GST. A business is not liable to be registered if its annual turnover of taxable supplies does not reach the prescribed threshold.

Therefore, such businesses cannot charge and collect GST on the supply of goods and services made to their customers. Nevertheless, businesses can apply to be registered voluntarily.

Impact to Harmony Hat Trading and our customers

As our annual turnover is below the prescribed threshold, we are not registered to charge or collect GST from our customers. 

While we do not collect and charge GST to our customers, we will still be paying 6% GST to our suppliers and we fully absorb this cost and will not pass on this additional cost to our customers. 

Pricing

Our Price displayed for each product is the amount payable by our customers.