What is GST? GST (Goods and Services Tax) also called as Value Added Tax (VAT) or output tax in other countries. The GST levied on the customers for the supply of the goods and services is referred to as Output tax. GST exemptions apply to the provision of most financial services, the supply of digital payment tokens, the sale and lease of residential properties, and the importation and local supply of investment precious metals. Goods that are exported and international serv