Is the return of GST really the silver bullet for Malaysia's fiscal deficit and cascading business costs? Dr. Veerinderjeet Singh, Senior Advisor on Tax Policy at KPMG in Malaysia, debunks GST & SST myths.

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• The RM50+ Billion Math: Why reintroducing GST at a low 3% or 4% rate is "suicide" for the fiscal deficit, and how the expanded SST is already outperforming historical GST revenues.

• The GST Breakdown: Why the 2015 GST implementation failed, from crippling government refund delays to intense political pushback.

• Solving the Cascading Tax: How the current SST relies on targeted B2B exemptions to prevent the "tax-on-tax" compounding effect across the manufacturing supply chain, and why enforcing it is still a work in progress.

• Exemptions vs. Refunds: Why the current SST's reliance on business exemptions is operationally superior to the GST's cash-draining refund mechanism.

• The E-Invoicing Evolution: How the ongoing rollout of e-invoicing will effectively replicate the auditable paper trail that made GST so appealing to authorities.

• The Ultimate Tax Road Map: Dr. Veerinderjeet’s proposal to merge the currently separate Sales Tax and Service Tax acts into a single, aligned-rate legislation to ensure policy continuity for the corporate sector.