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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?
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