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Glite Dictionary
GST

GST

1 4.2
A tax added to most goods and services and paid at each stage of production or sale
  • noun
  • Australian
translation icon : GST
  • The GST lowered the federal tax rate from 13.5% to 7% while spreading the tax to goods and services.

And the answer is GST has an inverse.

Examples

  • America has no VAT or GST right now.

    Blog text (28)

  • What is more, all Native people in Canada must pay the federal Goods and Services Tax (GST).

    Academic text (2001)

  • The GST (now HST) replaced a horrible tax called the Manufacturer's sales tax.

    Blog text (14)

  • Fortunately, when Canada introduced its value-added tax, called the Goods and Services Tax (GST) about a decade ago, a serious burden on Canada's manufacturers and exporters was lifted.

    Academic text (1999)

  • In Australia, the GST is included in the price of most goods and services you buy.

  • Make sure to account for GST when pricing your products for sale.

  • The government plans to increase the GST rate to fund public services.

Synonyms

VAT
vsGST
  • UK
20 5.0

A tax added to the price of goods and services

is collected at every stage rather than mainly by the end retailer
value-added tax
vsGST
  • Specialized
6 4.0

A tax added to the price of goods and services each time a business makes or sells them

is collected at every production stage rather than mainly by the final seller
goods and service tax
vsGST
  • Australian
3.6

A tax added to the price of goods and services that businesses charge customers

is collected at each production stage rather than mainly from the end consumer

Surface Forms

GST singular
GSTs plural

Etymology

GST is the short form of Goods and Services Tax, which literally means a 'tax' on 'goods', meaning things you buy, and 'services', meaning work people do for you. So GST is a tax added at each stage of making or selling items, which is why you often see it included in the price.