What does GST full form mean? What is the full form of GST full form?

The full form of GST is Goods And Service Tax.

What Is the Goods and Services Tax (GST)?

The goods and services tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption. The GST is paid by consumers, but it is remitted to the government by the businesses selling the goods and services.

KEY TAKEAWAYS

The goods and services tax (GST) is a tax on goods and services sold domestically for consumption.
The tax is included in the final price and paid by consumers at point of sale and passed to the government by the seller.
The GST is a common tax used by the majority of countries globally.
The GST is usually taxed as a single rate across a nation.

Understanding the Goods and Services Tax (GST)

The goods and services tax (GST) is an indirect federal sales tax that is applied to the cost of certain goods and services. The business adds the GST to the price of the product, and a customer who buys the product pays the sales price inclusive of the GST. The GST portion is collected by the business or seller and forwarded to the government. It is also referred to as Value-Added Tax (VAT) in some countries.

GST FULL FORM

means

Goods And Service Tax

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What does GST FULL FORM mean? What is the full form of GST FULL FORM?

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