Customs Dept overpays RM4.38m in GST refunds - audit report

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The audit conducted on the Royal Malaysian Customs Department has found that it has overpaid refunds on Goods and Services Tax (GST) amounting to RM4.38 million. Hence, the National Audit Department has asked the Customs Department to conduct an investigation into companies that had made the claims and Customs officer responsible for the tax refunds. “The Customs Department has also been asked to collect the wrong payment made amounting to RM4.38 million from the taxpayers concerned soonest," said the Auditor-General's Report 2019 Series 1 released today. According to the report, under Section 8, GST (Repeal) Act 2018, the taxpayers involved were required to submit the final statement and account for all procurement that has been made. The final statement and GST payments must be submitted no later than 120 days, i.e. on Dec 31, 2018 (from the date set on 1 Sept 2018). In…