All terms

Glossary

What is GST (Goods and Services Tax)?

Also known as: Goods and Services Tax

GST (Goods and Services Tax) is a broad-based consumption tax on most goods and services — for example 10% in Australia. Retailers must issue GST-compliant tax invoices and keep clean records for tax reporting, such as Australia's Business Activity Statement (BAS).

Related terms

VAT (Value Added Tax)E-Invoicing

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