Is there anyone of you who are accounting experts, or someone who is well versed with how Malaysian GST works? Malaysian GST only I mean, I don’t care about other countries’ GST here…
I need someone to enlighten me here, because I’m freakin’ confused. Here, take a look at this receipt that I got from a certain meal over the weekend. I actually just noticed this situation about 10 minutes ago…
Can anyone tell me what does SR mean? Because the way I see it, this piece of receipt doesn’t seem right to me. In fact, it looks like a blatant cheating of money. But… surely not? I think I am just seeing things wrongly, or missing some facts…
The receipt tells me that I am being charged for Service Charge at 10%. That’s the norm for restaurants in Malaysia, nothing strange about that.
The receipt also tells me that the item prices are inclusive of GST at 6%. I know some restaurants factor in GST into their retail prices instead of itemizing it, nothing strange about that as well.
The thing is, if I comprehend this piece of receipt correctly, since the item price is inclusive of the 6% GST, this means the actual price for my food is RM 17.92, with the balance of RM 1.08 being GST. So… shouldn’t my Service Charge be based on RM 17.92 instead of RM 19?
Why the hell am I paying Service Charge for a government tax? What service was rendered to me? Service of collecting my money to put into someone else‘s pockets? I didn’t ask for that! That’s not service rendered to me, that’s service rendered to that someone else! Go and collect Service Charge from that someone else instead!
As it is, I think I am being overcharged by RM 0.11 (11 cents) in this transaction. Hardly a big amount here, no big deal. But it got me thinking, most restaurants that do decent business will rake in tens of thousands (if not hundreds of thousands) of ringgit in terms of revenue daily. And I think there should be a good number of restaurants in Malaysia that print receipts that look like this one.
If I am to put a a random figure of, say, if a restaurant does RM 50 000 of sales a day, RM 2830.19 of it is GST. If the restaurant charges 10% Service Charge for that, that’s RM 283 per day. Over RM 8000 per month.
Does this 8k go to someone else‘s coffers as well? Or does this 8k go to the restaurant’s coffers?
Darn… If no one can correct me, if what I conclude is correct, then… Ma Puki!!! Tiu nia sing!!! KNNBCJB!!!!