GST noun3 •One of various compounds of germanium, antimony, and tellurium used as a phase change material, including GeSbTe. •Initialism of goods and sales tax.the goods and sales tax (GST) was first discussed in 1986 when the then Financial Secretary, John Brembridge, suggested the introduction of the GST as a solution to the narrow tax base. — 2012 •(Australia, Canada) Initialism of goods and services tax.Foreign tourists may be able to get refunds on goods and services tax (GST) paid by them for shopping in India in the near future, with the government planning to take up the long-pending issue soon. — 2023