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Sunday, March 17, 2024

Ministry checks 7.5k businesses for service tax price hikes

The Domestic Trade and Cost of Living Ministry inspected 7,527 premises under Ops Kesan to monitor the impact of the service tax hike from six percent to eight percent effective March 1.

Its minister Armizan Mohd Ali said 409 notices were issued to traders for further action and they received 25 complaints so far.

“We issue notices when we find traders engaging in price adjustments (following the service tax hike), we want them to explain why they did so, along with the justification to ensure there are no unreasonable price hikes that breach existing laws,” he told reporters after a walkabout at the Papar weekly market site in Sabah yesterday.

For Ops Pantau, which began on the first day of Ramadan, 6,566 premises were inspected, 226 complaints were received and 26 investigation papers were opened for further action.

The operation is to monitor the supply of products, prices, sales and use of scales, counterfeit and halal issues during Ramadan and Syawal, Armizan said.

The ministry has mobilised 2,200 enforcement officers to busy business locations to ensure a safe and ethical business environment, he added.

Bernama

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