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Monday, March 30, 2015

Tick Tock Tick Tock...To GST

And so, there are only 2 more days left before the dreaded GST!

Yesterday, the roads leading to Mid Valley Megamall were jam-packed. We avoided the roads at all cost. I think kiasu shoppers like yours truly were charging the stores to sweep the shelves clean on items that are bound to be taxed.

A few days ago, I went to a nearby mini mart to get toilet papers but they were all sold out.  Many items on the shelves were swept clean.  There were long queues at the check-out counters with shoppers pushing trolley-filled household essential items. I was one of those kiasu housewives at the long queues to stock up on taiyima  and pocket tissue papers, muahahaha!

The loot here is just my first round. I swept the shelves of 99 Speedmart clear of my favorite brand of sanitary pads... then went to another outlet to have another sweep.  On Saturday, I went to Tesco for another round of sweeping items that are bound to be GST-axable.

Go ahead and have a good laugh.  My friends are already laughing at me. But who cares. I think I have saved enough to buy a bag of oranges and apples to make smoothie for my family. A little goes a long way ok.

Here is a list of taxable sundry goods from the Star newspapers.

However, do not stock up on everything ok. Some items like soft drinks, clothes, household white goods (TV, refrigerators, air-conditioners, hair dryers, etc), milk powder, toothpaste, soap, toilet papers (the list goes) are expected to be cheaper. These items have 10% sales tax now and are expected to be cheaper with GST (replaced with 6%). I read that even cars will be cheaper (10% SST replaced with 6% GST).

How are you preparing yourself for GST?

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