CONFIDENTIAL QUESTION 5 No 1 2 3 4 Nyaman Sdn Bhd, a registered manufacturer under Sales...
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CONFIDENTIAL QUESTION 5 No 1 2 3 4 Nyaman Sdn Bhd, a registered manufacturer under Sales Tax Act 2018, manufactures and sells air conditioners in Pengerang, Johor. The sales value for each unit of the air conditioner is RM3,000 while the cost of producing each unit is RM1,000. The sales tax rate on the product is 10%. The followings are the information for the goods sold in March 2020. Required: a. b. 9 Transactions To a hypermarket in Segamat - 11 units To a departmental store in Samarahan - 18 units To a hotel in Pangkor - 7 units To hotels in Kuala Lumpur - 55 units 1. ii. AC/MAR 2021/TAX317 Explain with reasons whether each of the above transaction is subjected to sales tax. (4 marks) Calculate the followings in respect to each of the above transactions: The amount of sales tax payable by Nyaman Sdn Bhd (if any). The tax implication (without prosecution) if Nyaman Sdn Bhd pay the amount of sales tax on 20 July 2020. (6 marks) (Total: 10 marks) CONFIDENTIAL QUESTION 5 No 1 2 3 4 Nyaman Sdn Bhd, a registered manufacturer under Sales Tax Act 2018, manufactures and sells air conditioners in Pengerang, Johor. The sales value for each unit of the air conditioner is RM3,000 while the cost of producing each unit is RM1,000. The sales tax rate on the product is 10%. The followings are the information for the goods sold in March 2020. Required: a. b. 9 Transactions To a hypermarket in Segamat - 11 units To a departmental store in Samarahan - 18 units To a hotel in Pangkor - 7 units To hotels in Kuala Lumpur - 55 units 1. ii. AC/MAR 2021/TAX317 Explain with reasons whether each of the above transaction is subjected to sales tax. (4 marks) Calculate the followings in respect to each of the above transactions: The amount of sales tax payable by Nyaman Sdn Bhd (if any). The tax implication (without prosecution) if Nyaman Sdn Bhd pay the amount of sales tax on 20 July 2020. (6 marks) (Total: 10 marks)
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a Explain with reasons whether each of the above transaction is subjected to sales ... View the full answer
Related Book For
Stats Data and Models
ISBN: 978-0321986498
4th edition
Authors: Richard D. De Veaux, Paul D. Velleman, David E. Bock
Posted Date:
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