Mang Inasar, a VAT-registered taxpayer, purchased goods from the following suppliers during the month of January...

 

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Mang Inasar, a VAT-registered taxpayer, purchased goods from the following suppliers during the month of January 2021 in relation to his trade and business: VAT-inclusive Supplier VAT-Registration Amount |Mang Ga VAT P 65,000 Mang Kok VAT 85,000 |Mang Mang Non-VAT 100,000 Mang Key VAT 96,000 Compute the actual input for the month of January 2021. Mang Inasar, a VAT-registered taxpayer, purchased goods from the following suppliers during the month of January 2021 in relation to his trade and business: VAT-inclusive Supplier VAT-Registration Amount |Mang Ga VAT P 65,000 Mang Kok VAT 85,000 |Mang Mang Non-VAT 100,000 Mang Key VAT 96,000 Compute the actual input for the month of January 2021.

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To compute the actual input VAT for the month of January 2021 we need to consider the VATregistered ... View the full answer