A manufacturing company produced a machine and sold it to a distributer for ₹16000.00 not including tax, tax rate being 5.00%. The distributor sold it to a retailer for ₹24000.00 plus tax of ₹1200.00 . The retailer sold the machine to the consumer for ₹36000.00 plus tax of ₹1800.00 . Calculate the total amount of tax (under VAT) received by the State Government on this machine. |