DMX plc TIN(0000014909)VAT Registration No (456871)located at Addis Ababa Gulelie sub-city Woreda (01) Kebele (09/15) house No
Question:
DMX plc TIN(0000014909)VAT Registration No (456871)located at Addis Ababa Gulelie sub-city Woreda (01) Kebele (09/15) house No (433)Telephone No (+251- 111-273810)Fax No (+251-111-271433) which is a Vat registration trader has three Branches one of the Branches is engaged in the manufacturing of drugs the second Branch is engaged in the manufacturing of Leather products and the third Branch is engaged in Coffee Export During the month of Tahsas 1998 the sales and purchases were as follows:
1. Br700coffee waspurchasedfromVatregistrationcoffeetradersandbirr300,000 form non-registration traders
2. Raw Materials purchased and imported to manufacture drugs was birr 100,000 and250,000 respectively
3. Raw Material for leather products purchased from VAT registered tannery was birr150.000
4. RepairandMaintenanceExpenseofBirr30,000TelephoneExpenseBr1,200 and stationery Materials of Br 20,000were incurred during the month
5. theBusinessexported Br2,000,000coffeeduringthemonth
6. DMXsoldBr500,000during
7. DMXsoldBr1,200,000 leatherproductsduring themonth
Required:Complete VAT Return (ERCA from 3001) for the month of Tahsas assuming Ethiopian Standard Vat Rate and a Vat credit Carried forwardfrom previous month Br 9,000.
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts