1. Discuss briefly the allocation of non-traceable input VAT.

2. Discuss/Explain the concept of creditable input VAT and its requisites. Discuss each requisites.

3. Discuss the rules on timing of credit of regular input VAT.

4. Explain/Discuss the concept of monthly aggregate acquisition cost.

5. How is the transitional input VAT computed? Explain.

6. Explain how to claim input VAT on a construction in progress.

7. Discuss/Explain the concept of presumptive input VAT.

8. Explain/Discuss the concept of input VAT carry-over.

9. Discuss/Explain the concept of standard input VAT and also its treatment.

Answer rating: 100% (QA)

Allocation of NonTraceable Input VAT Nontraceable input VAT refers to VAT paid on goods and services that cannot be directly attributed to taxable transactions The allocation involves apportioning the ... View the full answer