"GST" is the acronym for goods and services tax. Introduced in Singapore on April 1, 1994, GST is charged on the supply of goods and services as well as the importation of goods into the country.
In other countries, GST is also known as value-added tax or VAT. This is because it is a multi-stage transaction tax on consumption that seeks to tax the value added at each level in a chain of transactions.
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