Authors : Rozlin Zainal, Teoh Chai Teng and Zarina Shamsudin
Abstract: Good and Service Tax (GST) an indirect broad-based consumption tax. Following with the implementation of GST in Malaysia on 1st April 2015, it is suspected that the construction capital cost and housing property price will increase accordingly. This study is aim to review the GST effect associated on construction capital cost and it influences towards housing developer and housing property price. Additionally, this study highlights what was the developer point of view on the GST given to them and also the housing price further proposes initiatives to the housing developers. Argument of GST effect is useful for the public administrators so that to re-consider the rate of GST and also beneficial to the construction parties to account with the GST implementation. As conclusion, this study review that GST do give an impact towards the construction capital cost, housing developer and housing property price in terms of knock-on effect.
Rozlin Zainal, Teoh Chai Teng and Zarina Shamsudin, 2016. Goods And Services Tax (Gst) On Construction Capital Cost and Housing Property Price. The Social Sciences, 11: 3110-3118.