Meanings
- abbreviationinitialismeconomicsInitialism of goods and sales tax.
the goods and sales tax (GST) was first discussed in 1986 when the then Financial Secretary, John Brembridge, suggested the introduction of the GST as a solution to the narrow tax base.
2012, Kui-wai Li, Economic Freedom: Lessons Of Hong Kong, page 5382 more examples
The July budget is likely to set a deadline for the implementation of two key tax reforms – the Goods and Sales Tax (GST) and Direct Taxes Code (DTC) – which till now did not get consensus from all the states. It is estimated that with GST in place, India's GDP will shoot up by a minimum of 1.5 to two percentage points
2016, Dr. Sunil Gupta, Thoughts Gallery: Thoughts Gallery: A Treasury of Inspiring Thoughts and Quotes, page 205There are several instances when provinces have used their latitude in this respect to 'fill in' the tax room the federal government has left when abating its sales tax and later the Goods and Sales Tax (GST).
2018, Dietmar Braun, Fiscal Policies in Federal States - AustraliaCanadaIndiaNew ZealandSingaporeabbreviationinitialismeconomicsInitialism of goods and services tax.
an all-up amount including GST and LCT (but not stamp duty, registration etc)
2009, Philip McCouat, Australian Motor Vehicle Tax Guide, page 1392 more examples
Foreign tourists may be able to get refunds on goods and services tax (GST) paid by them for shopping in India in the near future, with the government planning to take up the long-pending issue soon.
2023 March 9, “GST refunds on shopping for foreign tourists on the anvil”, in VATupdateThe Goods and Services Tax (GST) overhaul will make cars cheaper this festive season across segments. Entry-level and mid-segment cars priced up to ₹14 lakh will see up to a 13% reduction in GST and cess, making them more attractive to a price-sensitive customer base. High-end cars with engines above 1200 cc are set to become 5–10% cheaper. Small cars that run on petrol, LPG and CNG with engines below 1200 cc, and diesel cars of up to 1500 cc and with a length under 4 metres will attract a GST of 18% instead of 28%. The cess of 1% and 3% will no longer be applicable.
2025 September 5, Jagriti Chandra, “Cars get cheaper, festive sales likely to hit top gear. Sub-4 metre cars with engines below 1,200 cc and 1,500 cc to attract 18% GST; dealers expect increased buyer interest in price-sensitive segments; bigger cars will invite a 40% GST, but removal of cess will boost net savings on purchase”, in The HinduSynonyms: VAT
Synonyms & antonyms
nounInitialism of goods and services tax.
More synonyms by meaning
nouna tax based on the value of the goods collected by the end retailer
Synonym sets from Open English WordNet, CC BY 4.0.
Translations
Finnish ALV
- ALVinitialism of goods and services tax
French TPS (taxe sur les produits et services)
- TPS (taxe sur les produits et services)initialism of goods and services tax
Malay GST
- GSTinitialism of goods and services tax
Swedish moms, moms
- momsinitialism of goods and sales tax
- momsinitialism of goods and services tax
Cite this entry
GST. (n.d.). In WatkinsX Dictionary. Retrieved November 2, 2026, from https://dictionary.watkinsx.com/word/GST
“GST.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/GST. Accessed November 2, 2026.
WatkinsX Dictionary, s.v. “GST,” accessed November 2, 2026, https://dictionary.watkinsx.com/word/GST.
Source: GST on Wiktionary, CC BY-SA 4.0.