GST Hike Coming
Source
Looks like GST is going to increase from the current 7% to 9% soon, not sure exactly when but definitely coming, according to the source, between 2021 to 2025.
I remember the last time when GST went up to 7%, from 5%, everything in general seems to have increased by 20% or so from a consumer's point of view, it felt as if a product has been taxed, and when it changed hands, it got taxed again, don't know how many times but when it finally reached the consumer i.e. people like me and you, we ended up having to pay 20% more, weird.
I also heard of stories where some unscrupulous business owners exploited the hike and further increased the prices, not sure how true or if there is any point for them to do so because if products suddenly become more expensive, people would just find alternatives, but then if all the businesses do this, then we won't have much of an alternative.
I wonder how all this will fall into place, it's like the movie 2012, we know the earth is going to be flooded, so we built big ships to brace the impact, all for our survival, I hope the government is building big ships for us, please don't leave anyone behind.
Looks like GST is going to increase from the current 7% to 9% soon, not sure exactly when but definitely coming, according to the source, between 2021 to 2025.
I remember the last time when GST went up to 7%, from 5%, everything in general seems to have increased by 20% or so from a consumer's point of view, it felt as if a product has been taxed, and when it changed hands, it got taxed again, don't know how many times but when it finally reached the consumer i.e. people like me and you, we ended up having to pay 20% more, weird.
I also heard of stories where some unscrupulous business owners exploited the hike and further increased the prices, not sure how true or if there is any point for them to do so because if products suddenly become more expensive, people would just find alternatives, but then if all the businesses do this, then we won't have much of an alternative.
I wonder how all this will fall into place, it's like the movie 2012, we know the earth is going to be flooded, so we built big ships to brace the impact, all for our survival, I hope the government is building big ships for us, please don't leave anyone behind.
Comments
Normally we don't buy daily use stuff like shampoo, toothbrush, basically anything that can go up the luggage legally.
We buy stuff
from Macro supermart from thailand some things are cheaper some are not. Overall cheaper by 20%
If you save more on daily item you too can travel more often cheers