Meaning : Goods and services tax
Category : Business
Sub Category : Taxes
What does GST mean or stand for ?
GST is also known as VAT in some countries and both have similar taxation rules.VAT acts like a sales tax and GST is more complex as it adds a tax to every competent stage of sale right from the manufacturer to the end retailer.It is levied by the government and needs to be paid every quarter in most countries.