goods and services tax 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. In effect, GST provides revenue for the government.Jan 22, 2020 Goods and Services Tax (GST) Definition - investopedia... goods and services tax terms › gst

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