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Find the names of the countries where Goods and Services Tax is applicable.

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Question

Find the names of the countries where Goods and Services Tax is applicable.

Long Answer
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Solution

Here are some countries where GST is applicable, along with approximate tax rates (%):

  • India – 5%, 12%, 18%, 28% (multiple slabs)
  • Canada – 5% (GST) + additional provincial taxes (varies by province)
  • Australia – 10% GST
  • New Zealand – 15% GST
  • Singapore – 9% GST
  • Malaysia – 6% SST (similar indirect tax system)
  • United Kingdom – 20% VAT
  • South Africa – 15% VAT
  • France – 20% VAT
  • Germany – 19% VAT
  • Japan – 10% Consumption Tax
  • South Korea – 10% VAT

Many countries use GST directly, while some use a similar system called VAT (Value Added Tax), which works almost the same way as GST.

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Chapter 3: Computerised Accounting with GST - Do it yourself [Page 54]

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Balbharati Information Technology (Commerce) [English] Standard 12 Maharashtra State Board
Chapter 3 Computerised Accounting with GST
Do it yourself | Q 2. | Page 54
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