Value Added Tax

IMPORTANT

Mathematics Solutions from Chapter -1 - Value Added Tax

This chapter covers topics like computation of tax, goods and services tax (GST), and input tax credit (ITS).

Practice Other Topics from Value Added Tax

Mathematics>Commercial Mathematics>Value Added Tax>Computation of Tax

The topic will shed light on how to compute different taxes. It includes value added tax, goods and services tax (GST), input tax credit (ITC). We will also learn objectives, advantages and different types of taxes used in GST.

Mathematics>Commercial Mathematics>Value Added Tax>Goods and Services Tax (GST)

This topic helps us understand the basic meaning of goods and services tax (GST). It discusses important terms related to GST. It also helps us to learn different types of taxes used in GST. Further, it discusses the advantages and objectives of GST.

Mathematics>Commercial Mathematics>Value Added Tax>Input Tax Credit (ITC)

In this topic, we will learn the meaning of input tax credit. It explains why ITC can be availed only on good/services for business purposes. It also helps us to understand how to calculate tax liability on the registered dealer.