Question

Maths GST and VAT formula ​

Answer 1

Vat = value added tax

Click on the 'Calculate' button and instantly get the gross price of the good or service. GST calculation is represented by the below example: A goods or service is sold at the rate of Rs.500. GST rate is 18%. Gross amount of the goods or service = 500 + [500 x (18/100)] = Rs.590.





GST Full Form & GST Meaning. GST Full Form is Goods and Services Tax. Before learning more about Goods and Sevice Tax, let's try to understand how taxes in India work. The Government of any country needs money for its functioning and taxes are a major source of revenue for a Government