1 General Mental and Psychological Abilities · 1.3.1 Percentages and commercial arithmetic

1.3.1.13 GST, commission and brokerage in everyday arithmetic

GST is a percentage added on the value after discount and collected stage by stage on the value added; commission and brokerage are percentages of the value an agent handles.

  • APPSC Group 1
  • Advanced level
  • 6 min read
  • Full course

Key terms

  • GST
  • CGST
  • SGST
  • IGST
  • input tax credit
  • tax-inclusive price
  • discount before tax
  • commission
  • slab commission
  • brokerage
  • agent

What this note covers

  1. Core factsFoundation
  2. ExplainedStandard
  3. DeeperAdvanced
  4. Common trapsFoundation
  5. Quick revisionFoundation

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