Problem 5. Paris Enterprise, a vat-registered furniture manufacturer, furnished us its data in the 3rd quarter...

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Problem 5. Paris Enterprise, a vat-registered furniture manufacturer, furnished us its data in the 3rd quarter of the year 2013 as follows: Output tax on actual sales fun Output tax on transaction deemed sale Input tax on purchases of: Merchandisegnavollut ben raw materials capital goods Supplies Services 60,000 bmw 40,000 26,000 19,000 31,000 al 65,000 72,000 94,000 3,600 P349,000 75,000 butoni ox) pbua real property 10 Excess Input Tax in previous quarter anons yd antigeili od Output tax paid in the 1st two months Withholding VAT payments certificates in 100 slo tiuz The company filed an original VAT return within the prescribed date for filing and payment for the said month declaring a net output tax of P35,900. The company filed the amended VAT return for the same 100 period based on the amended/correct data as shown above. 525x5 d Required: Compute the Vat Payable on the amended tax return E00 dev sit of losider zi oH Problem 5. Paris Enterprise, a vat-registered furniture manufacturer, furnished us its data in the 3rd quarter of the year 2013 as follows: Output tax on actual sales fun Output tax on transaction deemed sale Input tax on purchases of: Merchandisegnavollut ben raw materials capital goods Supplies Services 60,000 bmw 40,000 26,000 19,000 31,000 al 65,000 72,000 94,000 3,600 P349,000 75,000 butoni ox) pbua real property 10 Excess Input Tax in previous quarter anons yd antigeili od Output tax paid in the 1st two months Withholding VAT payments certificates in 100 slo tiuz The company filed an original VAT return within the prescribed date for filing and payment for the said month declaring a net output tax of P35,900. The company filed the amended VAT return for the same 100 period based on the amended/correct data as shown above. 525x5 d Required: Compute the Vat Payable on the amended tax return E00 dev sit of losider zi oH

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To compute the VAT payable on the amended tax return we need to calculate the net output tax and com... View the full answer