How much is the Output VAT? * 2 points T&T opt to register to VAT on its 2nd year of operation. Beginning Inventory (including vat of 300) 5,000 Sales (VAT Ex) 300,000 Purchases (VAT Ex) 200,000 O 36,000 O 24,000 O 5,000 O oHow much is the Net VAT Payable? * 2 points T&T opt to register to VAT on its 2nd year of operation. Beginning Inventory (including vat of 300) 5,000 Sales (VAT Ex) 300,000 Purchases (VAT Ex) 200,000 O 36,000 O 24,000 O 11,700 O 12,000