Goods and Services Tax (GST)
What Is a Goods and Services Tax (GST)?
A goods and services tax (GST) is simply a tax on goods and services for domestic consumption. This tax system is in place in about 160 countries, including Canada, India, Vietnam, Australia, United Kingdom, Spain, Italy, Brazil, and South Korea.
France was the first country to implement the GST in 1954, and India adopted the system in 2017.