0% GST Rate Items List
In Malaysia, goods and services are categorized into three different tax rates: standard rate (6%), reduced rate (0%), and exempted rate (0%). In this article, we will focus on the list of items that fall under the 0% GST rate.
Basic Necessities
The Malaysian government has identified certain basic necessities that are essential for daily life. These items are exempted from GST to ensure that the cost of living remains affordable for the rakyat. Some examples of basic necessities that are subject to 0% GST rate are:
- Rice: A staple food for many Malaysians, rice is exempted from GST to keep it affordable for the masses.
- Sugar: Sugar is another essential item that is exempted from GST to prevent a hike in the cost of living.
- Flour: Flour is a crucial ingredient in many Malaysian dishes, and it is exempted from GST to keep the cost of food affordable.
- Cooking Oil: Cooking oil is a necessary item for every household, and it is exempted from GST to prevent a surge in the cost of living.
Health Care
Health care is a crucial aspect of human life, and the Malaysian government has exempted certain health care items from GST to make them more affordable for the rakyat. Some examples of health care items that are subject to 0% GST rate are:
- Medicines: Certain medicines, including prescription drugs and over-the-counter medications, are exempted from GST to make them more affordable for those who need them.
- Medical Devices: Medical devices, such as wheelchairs, hospital beds, and surgical equipment, are exempted from GST to make them more accessible to those who need them.
- Health Supplements: Certain health supplements, including vitamins and minerals, are exempted from GST to promote healthy living.
Education
Education is a vital aspect of human development, and the Malaysian government has exempted certain educational items from GST to make them more affordable for students. Some examples of educational items that are subject to 0% GST rate are:
- Books: Books, including textbooks, novels, and educational materials, are exempted from GST to promote reading and learning.
- Stationery: Stationery items, including pens, pencils, papers, and other educational materials, are exempted from GST to make them more affordable for students.
- Education Services: Certain educational services, including tuition fees and education consultancy services, are exempted from GST to promote education.
Other Items
Apart from the items mentioned above, there are several other items that are exempted from GST. Some examples include:
- Agricultural Products: Certain agricultural products, including fruits, vegetables, and livestock, are exempted from GST to promote the agricultural sector.
- Fish and Seafood: Fish and seafood, including raw and processed products, are exempted from GST to promote the fishing industry.
- Solar Panels: Solar panels and other renewable energy devices are exempted from GST to promote the use of clean energy.
Conclusion
In conclusion, the 0% GST rate items list includes a wide range of essential items that are necessary for daily life, including basic necessities, health care items, educational items, and other essential goods. The Malaysian government's decision to exempt these items from GST is aimed at reducing the cost of living and promoting economic growth.
