Question: Use the following data for the next two (2) questions The following data during the month relates to William Company, a VAT registered person: Domestic
Use the following data for the next two (2) questions The following data during the month relates to William Company, a VAT registered person: Domestic sales, invoice amount P330.000 Domestic sales to export traders 274.996 Export sales 200,000 Purchases of goods for domestic sales 374,000 Purchases of supplied on domestic sales 69.848 Purchase of service 154.000 Purchase of goods for export. 55.000 BL. Total input tax is a. P20.650 C. P54.350 b. P40.350 d. P69.548 82. Value added tax payable/excess tax if input taxes on exports are claimed as tax credit a [P5,127) C P19,446 b. P4.350 d P20.650 83. A VAT registered person has the following data: port so
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