MANAGEMENT

Detailed explanation-1: -Sales tax is always calculated on the cost price of an item and is added to the value of the bill. Q. Value added tax is the tax added to the marked price of an item that is being sold.

Detailed explanation-2: -Sales Tax is a form of tax paid to a governing body for the sale of goods and services. Sales tax is an indirect tax and is generally charged at the point of buy or exchange of certain taxable goods, charged as a percentage of the value of the product.

Detailed explanation-3: -Sales tax (ST) is the tax charged by the government on the items sold by the shopkeepers. The tax is then paid by the shopkeeper to the government. Sales tax = Tax% of Bill Amount.