GST

Meaning

Goods and services tax (GST) is a consumption tax used in Australia, Canada, India, Jersey, Malaysia, New Zealand, Samoam and Singapore.

Key points

• GST appears frequently in invoicing, payment handling, and bookkeeping workflows.
• The term improves clarity between clients, suppliers, and accounting teams.
• Consistent use supports cleaner documentation and better reporting quality.

Practical use

In Nexbal workflows, gst is used to keep invoice and payment operations structured and auditable.