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Determine the correct VAT due-payable

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Reference no: EM132915809

Question - A VAT-registered person is engaged in the sale of vatable goods and at the same time is also engaged in the sale of non-vatable goods. The following data were provided:

Sales-Vatable goods (net) 600,000

Sales-non-vatable goods 200,000

Purchase of supplies attributable to vatable sales (gross of VAT) 56,000

Purchase of supplies attributable to non-vatable sales (gross of VAT) 28,000

Purchase of supplies for common business use (gross of VAT) 84,000

Required - Determine the correct VAT due/payable?

Reference no: EM132915809

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