Understanding GST as a consumption tax
Goods and Services Tax (GST) is a broad-based consumption tax applied to most goods and services. Like VAT, it is generally collected by businesses and remitted to the government. GST systems can be tax-exclusive or tax-inclusive, depending on local pricing conventions and invoice rules.
For commercial planning, the most important task is distinguishing whether a quoted figure already includes GST or whether GST must be added on top.