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Net is inclusive of VAT. Suppose product 'X' is subject to VAT @10%. For a selling price of RS. 150, the net amount that the buyer is to pay is as follows Price of 'X'=150 VAT @10%=150*10%=>15 Net Amount=165/-. Hope it is helpful.
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Net is inclusive of VAT. Suppose product 'X' is subject to VAT @10%. For a selling price of RS. 150, the net amount that the buyer is to pay is as follows Price of 'X'=100 VAT @10%=100*10%=>10 Net Amount=110/-. Hope it is helpful.
Answer

No dear..Net income or Net cost is value after considering all taxes. Net is inclusive of Tax/VAT 

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