Question

what is the formula of VAT or GST​

Answer 1

Answer:

gst means goods service tax

Step-by-step explanation:

I don't know vat sry

Answer 2

Answer:

For finding GST of an amount multiply the amount with the rate of GST,

For example if the amount is ₹1000 and rate of GST 18% then GST will be:

1000*18/100=₹180

If it is an interstate transaction the GST will be 180 itself that is IGST

If it is an intrastate transaction then GST will be divided into two that is CGST and SGST , in this case 90 each

Then there’s also input tax credit, it is availed for business purposes

That will be explained by the below attachment

Step-by-step explanation:

Hope it helps

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