I am appalled by BN leaders’ reaction towards the Parliament Public Accounts Committee (PAC) RM19.4 Billion GST Refund report that they were claiming no money were missing when the facts are very clear – RM19.4 Billion of GST Refund claims which belongs to Malaysians were not refunded due to the shortage of funds in the GST Refund Consolidated Fund.
Despite BN leaders’ best effort to cover up the issue by using words like “diverted”, “spent” or “misappropriated” and disputing the term “robbed” used by Finance Minister Lim Guan Eng, they are unable to dispute the fact that RM19.4 Billion of GST refunds were not able to be processed and refunded to the people due to insufficient funds in the GST Refund Consolidated Fund.
The Parliamentary Opposition Leader Ismail Sabri’s effort to refer Lim Guan Eng to the parliament privilege committee for using the word “robbed” is just another tactic to divert the core issue at hand. The fact remains clear that RM19.4 Billion which legitimately belongs to Malaysian businesses GST input tax claims were not refunded on time. This has caused Malaysian businesses to suffer from cash flow problems and increase the cost of doing business, some businesses were even forced to close down due to cash flow problems.
While the RM19.4 Billion meant to be refunded to Malaysian businesses were “diverted” and “spent” by the Barisan Nasional administration, the Pakatan Harapan Government has taken steps to refund the RM19.4 Billion GST refund claim in stages to Malaysian business by using the dividend received from Petronas. As of 30th April 2019, Pakatan Harapan government has refunded RM 9.5 Billion of GST refund to 76,002 GST registered business entities.