Meaning & use
GST
Last updated
Meanings
abbreviationuncountablefinance
Goods and services tax: a tax added to the price of most things people buy, collected by sellers and paid to the government.
Grammar: Usually no article: the price includes GST.
Patterns
- GST on something
- price including GST
The price on the tag includes GST.
Businesses with high sales must register for GST.
GST on food is lower than on luxury goods in some countries.
abbreviationuncountablespecialist
In astronomy and timekeeping, Greenwich sidereal time, a star-based measure of time at the Greenwich meridian.
Grammar: Specialist use; context decides which meaning is intended.
The astronomer converted the observation to GST.
Telescope logs note the GST at the start of each session.
Common combinations
- include GST
- Do these prices include GST?
- charge GST
- The shop charges GST on all items.
- register for GST
- Freelancers may need to register for GST.
- GST refund
- Tourists can claim a GST refund when leaving.
- GST-free
- Basic groceries are GST-free in that country.
Synonyms and how they differ
- VAT
- This is the value-added tax used in the UK and EU, and works in a similar way but is not named the same.
- sales tax
- This is charged only at the final sale to the customer, as in most US states, while GST is collected at each stage.
- consumption tax
- This is a broader category into which GST falls.
Word family
- tax noun
- money paid to the government
- taxable adjective
- subject to tax
- GST-registered adjective
- officially listed to collect GST
Commonly confused: GST or VAT? GST or PST?
GST vs VAT
VAT is a similar tax in Europe. The abbreviations are not interchangeable even though the idea is alike.
GST vs PST
PST is a provincial sales tax in some Canadian provinces, charged separately from GST.
Practice
The menu says all prices include GST. What does this mean?
Choose one answer.
GST is goods and services tax, so 'include GST' means the tax is already in the price. The other options have nothing to do with taxes.
Make it your own
Write a sentence using “GST”, then check it and compare it with the examples above.