To calculate GST Amount:
\[ \text{GST Amount} = \text{Net Price} \times \text{GST Rate} \]
To calculate Gross Price:
\[ \text{Gross Price} = \text{Net Price} + \text{GST Amount} \]
GST (Goods and Services Tax) is a value-added tax levied on goods and services at each stage of the supply chain. It ensures that the government collects the tax at every transaction, with the final consumers bearing the cost of the tax.
Let's assume the following:
Step 1: Calculate GST Amount:
\[ \text{GST Amount} = 40 \times 0.10 = ₹4 \]
Step 2: Calculate Gross Price:
\[ \text{Gross Price} = 40 + 4 = ₹44 \]
Therefore, the Gross Price from a Net Price of ₹40 with a 10% GST rate is ₹44.