ADVE Limited is a registered taxpayer for GCT purposes. The company is involved with the sale of both taxable and exempt supplies (mixed supplies). The following relates to company's GCT return for the period ended 31 January 2020.

i. Standard rated sales amounted to $48,000,000

ii. Exempt Sales $15,800,000

iii. Standard rated purchases amounted $ 23,000,000

iv. The company purchased printed materials amounting to $630,000 at a GCT rate of 2%

v. On January 30, 2020 ADVE Limited wrote off bad debts of $35,000 (GCT inclusive).

vi. During the month, the company hired a foreign consultant for $3,200,000 to assist with the company's IT systems.

vii. ADVE Limited at the beginning of January purchased a private motor car to be used in the business. The customs import entries showed the following:

Cost of motor car $ 4,500,000

Import duties, levies and fees $ 1,450,000

GCT $ 2,080,000

Total $ 8,030,000

viii. GCT paid (Input tax) on local expenses was $2,310,000. Included in this figure were GCT paid on the following expenses (GCT exclusive):

Terra Nova Hotel (Dinner with clients) $ 40,500

Materials for repairs of the premises $240,000

CDE Chartered Accountants (accounting services) $150,000

Guarded Security Services $ 80,000

Repairs on a Toyota Motor Car $ 48,000

Required: Compute the GCT payable by ADVE Limited for the period January 2020. (10 marks)