Or simply install Black Formatter from VSC extension menu:
https://marketplace.visualstudio.com/items?itemName=ms-python.black-formatter

:)
Answer from Davor on Stack OverflowOr simply install Black Formatter from VSC extension menu:
https://marketplace.visualstudio.com/items?itemName=ms-python.black-formatter

:)
Based on the comments by @starball, @jarmod and additional googling I found that you need to follow those steps:
Step 1. Install Python extension from marketplace: https://marketplace.visualstudio.com/items?itemName=ms-python.python
Step 2. Install one of the formatter packages for Python.
The Python extension supports source code formatting using either autopep8 (the default), black, or yapf.
from and More about it here: https://code.visualstudio.com/docs/python/editing#_formatting
Step 3. Select which code formatter you want to use in python.formatting.provider which is in settings>Extensions>Python (this maybe automatically set after step 1 and step 2). Also, in settings>Extensions>Python there are more options to select.
How to use formatting:
The code formatting is available in Visual Studio Code (VSCode) through the following shortcuts or key combinations:
On Windows Shift + Alt + F
On macOS Shift + Option + F
On Linux Ctrl + Shift + I
Format Selection (Ctrl+K Ctrl+F) - Format the selected text.
Or you can use right click menu:

from: https://mkyong.com/vscode/how-to-format-source-code-in-visual-studio-code-vscode/
and from: https://code.visualstudio.com/docs/editor/codebasics#_formatting
What are the best VSCode extensions for Python?
formatting - How do you format python code in Visual Studio Code? - Stack Overflow
My formatter for Python in VS Code is not working.
Are there any PEP-8 Formatters for VS Code?
Videos
Install the below python packages for Python Code Format supporting in Windows
pip install autopep8
pip install pylint
Once you have successfully installed the packages, Open the code in vs code -> Press Ctrl + A and Ctrl + K, it will format the code.
autopep8 is listed as a requirement. On mac, using brew, you can install it as follows:
brew install autopep8