What is GST?
GST is a type of tax that is applied to goods and services which are being sold within the country for the purpose of consumption domestically. Goods and service (GST) tax is added to the final price of the product and paid by the consumers including the GST in the final price. The collected portion of the (GST) is remitted to the government by the sellers and businesses. Goods and services tax is a common tax that is used by the government of many other countries across the world. (GST) goods and services tax is also known as Value-Added-Tax in other countries.
