GST Record Keeping
Records must be kept in the principal place of business for at least 7 years, either in soft or hard copy, and they must be either in Bahasa Malaysia or English.
Failure to keep records :
Any person who contravenes Section 36, GST Act 2014, commits ad offence and shall, on conviction, be liable to a fine :
- not exceeding fine RM50,000 or
- to imprisonment for a term not exceeding three years or
- to both