The following details are provided by A of Pune, who has purchased raw material for manufacturing product 'X-1' and 'X-2' from B: Cost of raw material purchased ₹5,00,000 VAT paid by B ₹62,500 Cost of other materials (lo

The following details are provided by A of Pune, who has purchased raw material for manufacturing product 'X-1' and 'X-2' from B: Cost of raw material purchased ₹5,00,000 VAT paid by B ₹62,500 Cost of other materials (local) ₹1,00,000 Imported material ₹2,00,000 VAT paid on local material purchased @12.5% ₹12,500 Import duty paid on imported material @13% ₹26,000 Other manufacturing expenses ₹84,000 Profit margin (on cost) 25% A manufactured 80% of product 'X-1' and 20% of 'X-2'. VAT rate on 'X-1' is 12.5% and on 'X-2' 5%. All materials were used in production and there was no closing stock of raw material and finished goods. Calculate sales price of products 'X-1' and 'X-2' if all the manufactured goods were sold within the State? What would be his liability of VAT?