What does gross value represent in the context of VAT?

In the context of VAT, gross value refers to the total amount charged to the customer, which includes VAT. When determining gross value, it is important to recognize that this figure reflects the overall sales price, inclusive of the tax that has been added to the base price of goods or services. This is why the option indicating that gross value includes VAT is the correct choice.

While the other options touch upon various aspects related to VAT and its applications, they do not accurately define what gross value represents. For example, the notion of netting off VAT (mentioned in the first choice) relates more to understanding net value or tax-exclusive prices, which is not what gross value indicates. Additionally, gross value is not exclusively for business purposes or limited to exports, which further clarifies why those options do not correctly address the definition of gross value within the context of VAT.