Goods and Services Tax


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Goods and Services Tax

A term for a VAT in Australia, Canada, Hong Kong, India, New Zealand and Singapore.
References in periodicals archive ?
During TEI's December 3, 2002, liaison meeting with CCRA, a question arose concerning the imposition of interest on the Goods and Services Tax when goods are imported into Canada, and the importer subsequently realizes that additional GST is payable.
On September 10, 1999, the Department of Finance released draft legislation of income and goods and services tax measures that were first announced in the February 1999 federal budget.
Co.) to apply for a rebate of Goods and Services Tax (GST) from the government for the GST related to the installation service.
On October 3, 1996, Tax Executives Institute filed a series of letters with Canadian federal and provincial tax officials concerning the harmonization of the federal Goods and Services Tax with provincial sales tax regimes.
On December 13, 1994, Tax Executives Institute held its annual liaison meeting with representatives of Revenue Conado--Customs, Excise, and Taxation on a variety of excise and commodity tax issues (including those relating to the Goods and Services Tax).
Under section 156 of the Excise Tax Act, a member of a controlled group may elect to transfer goods or services to another member of the group without the imposition of the Goods and Services Tax (GST).
On October 11, 1994, Tax Executives Institute submitted letters to the ministers of finance for all Provinces in Canada, which urged the ministers to continue meeting with representatives of the federal government in the ongoing dialogue concerning alternative taxes to replace Canada's Goods and Services Tax (GST).
Tax Executives Institute is pleased to submit the following comments to the Standing Committee on Finance of the House of Commons in connection with its analysis and review of the Existing Goods and Services Tax (GST) and, further, to make recommendations on proposals to replace, retain, reform, or otherwise improve the administration of, and compliance With, Canada's GST.
On June 26, 1992, Tax Executives Institute filed the following comments with the Canadian Department on Finance on the eligibility of certain employers to claim input tax credits for the Goods and Services Tax paid to suppliers of services associated with their pensions plans.