Expenses (Excluding VAT) Purchase of hardware Purchase of software Purchase of diesel Purchase of Royalty Air...

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Expenses (Excluding VAT) Purchase of hardware Purchase of software Purchase of diesel Purchase of Royalty Air ticket to Singapore Expenses (Including VAT) Telephone, rent, office requisites Entertainment expenses Repairs of car used for marketing Accommodation Capital Expenditure - Car - Fax machine - Land Required: Calculate the allowable input tax Rs 500,000 300,000 200,000 250,000 32,000 140,000 20,000 9,500 12,500 800,000 12,000 2,500,000 Expenses (Excluding VAT) Purchase of hardware Purchase of software Purchase of diesel Purchase of Royalty Air ticket to Singapore Expenses (Including VAT) Telephone, rent, office requisites Entertainment expenses Repairs of car used for marketing Accommodation Capital Expenditure - Car - Fax machine - Land Required: Calculate the allowable input tax Rs 500,000 300,000 200,000 250,000 32,000 140,000 20,000 9,500 12,500 800,000 12,000 2,500,000

Answer rating: 100% (QA)

Calculate the allowable input tax In this case well assume a hypothetical VAT rate ... View the full answer