He said efforts were in the pipeline to track down companies that had yet to register for GST under the GST System.

Khazali reminded business establishments with annual turnover of RM500,000 and more to register for GST despite the expiry of the deadline of December, 31, 2014.

“We are still checking to trace companies with annual turnover of RM500,000 and more which have yet to register. The deadline is a mere deadline for registration and companies can still register before its implementation in April,” he said.

He also said there was no decision over the penalty amount imposed on those failing to register after the GST implementation, which was contrary to the media reports of a RM100 per day penalty.

“We have not decided on the amount of penalty as yet to be imposed on companies failing to register for GST,” he said. — Bernama