Thursday, June 21, 2018

Post GST and the Business Crooks

After the new Malaysian Government announced the removal of GST, a lot of people were happy, hoping that prices would go down and people would have more money to spend overall. However, I was aware that there are certain business people, the crooks, who would use this opportunity to milk their customers like they did when GST was put into place previously, overnight prices went up and some restaurants still retained their service charges (as high as 10%). This has also happened in the past when fuel prices increase and the price of good would increase overnight, many times not proportional to the price rise. However, the worst part was that when the fuel prices went down, the price of goods and services did not go down.

Now consumers are more aware and social media was flooded with companies, mostly restaurants, which increased their prices when GST was removed - with people sharing images of receipts before and after showing no difference in prices. One famous example was that of a restaurant in Bangsar and the owner blamed it on a IT glitch. The authorities were also quick to investigate. However, in terms of prosecution, we have not really seen any of these  cheats being punished. Now they seem to be getting more blatant. Another restaurant in Bangsar have maintained the prices on their menu. On being confronted, the restaurant simply said that they had increased the prices by 6% (the same amount as the GST which was removed).

Let us act against these vultures and I sincerely hope that the authorities take stern action - not just fining them but closing these outlets.

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