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Question - A VAT-registered individual, Mr. Agonias, posted the following information for a taxable month, VAT not included:
Domestic sale to consumers Php 350, 000
Domestic sale to export traders Php 100, 000
Direct export sale Php 200, 000
Purchases, total invoice cost, From VAT-registered individuals:
Of goods Php 330, 000
Of services Php 220, 000
Required - What is the VAT of the sales?
a. Php 650, 000
b. Php 450, 000
c. Php 350, 000
d. Php 550, 000
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