Goods and services tax calculator online tool
What is GST?
The GST is a tax that applies to most goods and services supplied for domestic or commercial use.As a result, shoppers end up paying the GST in most countries. But governments mainly collect it from businesses. The Goods and Services Tax is a federal sales tax that is levied on the total amount of specific goods and services.
Business owners usually add up the GST before they charge the customer, and the customers who buy these products pay the price inclusive of the GST. Goods and sales tax, or value added tax, is also called VAT in various countries. In Germany it’s known as Mehrwertsteuer.