Najib announced the infamous GST last week, it will definitely hit us very hard once it implement in yr2015, imagine by then almost all the vendors will impose us 6% of service tax, even the replacement parts also will be facing increase of price due to tax on the goods, such as lift parts, electrical components, even pipes & gutter, etc, how are we going to cope with this?
few days ago the latest bad news, electricity bill seems can't avoid the increase too, even though haven't finalize the new rate, but it have been saying the increase is in between 8% and 20%, alamak....!!!!
some may say, hi, not to worry, after all it will only happen in yr2015, and now not even yr2014. bear in mind that another one month then we will be knocking at yr2014's door, by then all can see the GST is not too far already :(:(:(
at the moment our income still can manage to cover all the necessary expenses, even got surplus to replace some of the old parts before it give way & cause danger to our residents, but then once the above mentioned increase of cost hit us, the income will definitely can't cope with expenses, let's do the quick estimation, total income is 25000 (85% prompt payment by good master & car park rental), but expenses will be (TNB 8000, management 3400, guard 4200, lift service 1500, electrical service 550, pool 870, pest control 320, water 800, barrier/cctv service 300, firefighting 200, parts replacement 4000), which means only got abt 1000 for contingency use but no saving, it's not good....
we would not like to suggest increase of maintenance service charge because residents will face the tougher financial difficulties as they too need to cope with their own cost increment due to GST, but, how ah?
we must think of ways now to create long term regular income for our management fund without increase the service charge, anyone have innovative idea to share with us?
thanks.
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