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GST( Goods and Service Tax): For the calculation of GST, the taxpayer should know
                  the GST rate applicable to various categories. GST calculation can be explained by
                  simple illustration :



                  EXAMPLE-2: If a goods or services is sold at Rs. 1,000 and the GST/ST/VAT  rate
                  applicable is 18%, then the net price calculated will be


                   = 1,000+ (1,000X(18/100)) = 1,000+180 = Rs1180



                  Example 3: A sales tax of 5% is added to an item whose selling price is 500 Rs. Find
                  the bill amount.
                  Solution: The tax required to be paid for the item will be = 5/100 x 500 = 25 Rs
                  Hence, the bill amount will be selling price + tax = 500 Rs + 25 Rs = 525 Rs.



                   Example 4: A machine was purchased at Rs 6000 including 5% VAT. Find the price
                  before VAT was added.
                  Solution: Given, 5% VAT is included in the price of Rs 6000. Hence, 5% VAT means
                  that if price without VAT is Rs 100, then price including VAT will be Rs 105.
                  So, original price = (100/105 x 6000) = Rs 5714
































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