Question

take a grocery bill and calculate cost of individual item including VAT. add and verify with total amount VAT levied on all items
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Answer 1

Answer:

ok

Step-by-step explanation:

so lets suppose you bought

potato 1 kg           100 rupees

onion 500 g         50 rupees

yoghurt 1 kg          25 rupees

VAT-5 rupees

so total amount= 100+50+25+5+5+5

                         =175+5+5+5

                         =175+15

                         =190rupees

hope it is helpful

Answer 2

Step-by-step explanation:

Value-Added Tax (VAT)

VAT is a tax that is levied on services and goods and is paid to the government by producers although the actual tax is levied from the end-user or consumers who purchase the services and goods. This is important for GDP.