What does GST mean

What does GST mean? GST has many interpretations.

GST Explanation 1: GST stands for value-added tax, which refers to an indirect tax levied on the value-added value of taxpayers’ production and business activities. It is a kind of turnover tax levied based on the value-added amount generated during the circulation of commodities (including taxable services) as the tax calculation basis.

Australian GST: A tax levied by the Australian government. 10% of the product price. GST is levied on almost all commodities in life (all aspects of purchase behavior, including bus tickets and the like). However, some daily foods, such as bread, milk and fruits, do not require GST.

Canadian GST: The national consumption tax levied by the Canadian government is approximately 5.3%. In addition to GST, Canada also has a PST (Provincial Sales Tax) of approximately 8.5%: provincial consumption tax. Unlike China, GST+PST in Canada is collected from consumers at the time of consumption, collected by the merchant, and printed directly on the receipt. Except for agricultural products that are exempt from taxation, all consumer products are not tax evasion.

GST explanation 2: Greenwich sidereal time

GST explanation three: Glutathione S-transferase (GST) glutathione sulfhydryl transferase.

GST explanation four: General Sewing Time (GST) General sewing time. It is a preset action time system specially designed for the sewing industry. It proceduralizes the actions that commonly occur in the sewing process, and explains the actions in code, each code has a clear time value , And then estimate a standard time based on the distance moved and the difficulty of the action. Leaders can use this information to make method corrections, skills training, motivating performance, and eliminate and reduce problems, and then increase productivity. It can also be used to evaluate all operations including cutting, sewing, ironing, inspection, and packaging.