Increase In Gst 2024. For transactions that span 1. From 1 january 2024, local supermarkets will offer a 1% discount to offset additional increase in gst for 500 essential items for six months in fairprice and three months in sheng shiong.
Change in goods and services tax (gst) rate from 1 january 2024. Back when budget 2022 was unveiled, the government announced a planned gst hike from 7 per cent to 8 per cent from january 2023, and a further hike from 8 per cent to 9 per cent from.