What is another word for GST?
Pronunciation: [d͡ʒˌiːˌɛstˈiː] (IPA) 
Goods and Services Tax (GST) is a prominent tax system that has been implemented in several countries around the world, including India, Canada, and Malaysia. While it is commonly known as GST, there are other synonyms used for this system such as Value Added Tax (VAT), Sales Tax, Consumption Tax, and Excise Duty. Despite differences in their implementation, all these terms refer to a tax system that is levied on the purchases of goods and services. They play an integral role in the economy by generating revenue for the government and regulating the production and sale of goods and services within a country.
