Question

A shopkeeper was involved in tax evasion to save Sales Tax he never give receipts to his customers he sold an article for ₹ 550 includimg 10% VAT find the amount of VAT not paid by him to the government

Answer 1

10 percent of 550
=55

Answer 2

Answer:

Rs.50

Step-by-step explanation:

sp of article including VAT= Rs.550

VAT = 10%

550 = [1+(10/100] * sp

550 = 110/100 * sp

sp = 550*100/110

sp = Rs. 500

VAT= 550-500

= Rs.50 ans...