Based on the amended audited account, the last GST increase was found unnecessary after all.
Even if the GST was reversed to 5% we will still have surplus of more than $2 billions for 2008.
So it is completely justifiable to exempt GST for essential and staple food items.
Double taxes on petrol which was taken over by GST and COE and ERP to discourage vehicle ownership should also be removed or reduced to help the economy to recover from the potential downturn.