RISING FOOD PRICES PROVIDED BY F.A.S. 21ST DECEMBER 2017 Food prices have risen dramatically around the world in recent months,fuelling widespread concern and social unrest in communities confronted with devastating price increases when buying provision.Exactly what accounts for this wild upswing in market prices and what do these trends hold for those already living in precarious conditions? As we can see in Malaysia , one of the causes of food prices risen is GST . WHAT IS GST ? Goods and Services Tax or GST (Goods & Service Tax) is a consumption tax on goods and services.GST announced by the Prime Minister when tabling the 2014 Budget on 25 October 2013 and the GST came into force on 1 April 2015. GST has set a tax rate of 6% for the entire Sales and Services and GST (6%) has replaced the tax system SST (16%) . Earlier , Subromaniam quoted as saying more than 60 food items will be subject to GST, including several kinds of seafood, vegetables,fruits,tea,c...
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