Malaysia GST - Inclusive or Exclusive of GST in the Price Tag

S9(5) of GST ACT

#GST12

According to S9(5) of GST Act, where any registered person displays, advertises, publishes or quotes in any manner the price of any supply of goods or services he makes or intends to make, such price shall include the tax that is chargeable on the supply unless the Director General approves under S9(7) of GST Act.

So what is the element of GST if the price tag is shown as RM1,000.00. 

[Formula for GST: 6/106 * Price shown in the Price Tag ]

The GST amount is:

6/106 * 1000 = RM56.60

Your business income is 943.40 (RM1000 - 56.60) or 100/106 * Price Tag

[Formula for Business Income: 100/106 * Price shown in the Price Tag]

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