When a trader buys goods from another trader and sells it directly to a consumer, what is it called?
A trader buys some goods for Rs 12,000 and sells them for Rs.15,000. If the rate of tax under VAT is 12%, find the VAT paid by the trader ?
A manufacturer sells a washing machine to a wholesaler for Rs. 20000. The wholesaler sells it to a trader at a profit of Rs. 1500 and the trader, in turn, sells it to a consumer at a profit of Rs. 2000. If the rate of VAT is 8%, the VAT received from manufacturer and wholesaler are: