RM3.6BIL ‘FREE MONEY’ FOR CRONIES OF NAJIB’S GOVT? GST EXEMPTION FOR CHINA FIRM RAISES CONCERN – WILL PUTRAJAYA NOW REDUCE ECRL COST? ‘OTHERWISE THEY GET THE GST WAIVER BUT POCKET THE EXTRA 6%. BANYAK CANTIK,’ WARNS BLOG

HUH ?? ECRL DAPAT KECUALIAN GST ?? JADI KOS RM60 BILION MESTI DIKURANGKAN MINIMUM 6%

https://m.malaysiakini.com/news/420164

Kastam sahkan pelepasan GST kepada kontraktor ECRL

China Communications Construction Company (CCCC)

Kastam sokong pelepasan oleh Kementerian Kewangan kepada CCCCsebab pelepasan : ECRL melibatkan dua kerajaan membabitkan kepentingan awam
bagi mengurangkan kos projek kemudahan awam

kuasa menteri kewangan untuk beri pelepasan berkenaanpelepasan GST itu berkuat kuasa 26 Sept 2016

Kastam akan mempertimbangkan pelepasan kepada syarikat yang layak

RM60 bilion pinjaman Bank Eksport-Import China dan hutang bon

ECRL sepanjang 600km 

 

My comments :  I say brader, if this is the case then the project cost must immediately be reduced by 6% minimum. That is RM3.6 BILLION !!

The project costing was done before the Kastam gave the GST waiver. 

Meaning the 6% GST has already been factored into the project costs.

That is how they got RM60 billion.

Now, since the Customs has given a GST waiver, there must be a corresponding redcution in the project costs by at least 6%.  6% of RM60 bilion = RM3.6 Billion !!  

Otherwise they get the GST waiver but they pocket the EXTRA 6%. Banyak cantik.

Tapi kita pula bila guna mesin ATM pun kena bayar GST.

– http://syedsoutsidethebox.blogspot.sg