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LEGAL WORD

GST

Legal term · Tax law

GST

  • Type: Legal term
  • Area of law: Tax law

1 What it means

Goods and Services Tax, a single indirect tax on supply of goods and services, introduced in 2017.

2 Use it in a sentence

The GST Council recommends rates and exemptions.

3 Make it stick

Write your own sentence using GST about a case or topic you are studying this week, then check it against the meaning above.

4 Related words

Ad valoremAssessmentInput tax creditRetrospective taxTax evasion

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