Output Input

Sales to private entity, net 500,000 60,000

Purchases (net) private 180,000 21,600
Sales to Government, net 1,750,000 210,000
Purchases (gross) govt 450,000 48,214
Zero-rated sales 800,000 0
Purchases (gross) zero rated 350,000 42,000
Vat-exempt sales 200,500 0
Purchases(gross) vat exempt 15,000 1,800

Total Creditable Input vat 144,100

Withheld vat by govt 87,500
Total Output vat 270,000
Vat refundable if any 1,800
Input tax close to expense, if any 0
Input tax close to income, if any 74,286
Vat payable 125,900
Standard Input
122,500
Cash Sales 70800
A/R 26400
Deemed Sales
Consignment 2400
Dacion en pago 1800
X-mas gift 2040
Property Div 960
Total Output 104400
Less Input
Purchases (gross) 31200
Vat payable 73200
 Output
Gross Sales less returns 912,000
Sold consignments
Mar 20*10000*.12 24,000
Feb 10*10000*.12 12,000
Deemed Sales
Withdrawn for company use 6,000
Payment for creditor 3,600
Unsold consignment >60 days 24,000
Total Output 981,600
Less Input
Goods 72,000
Supplies 9,000
Capital Goods >1M (4yrs) 2,750 1.1M*.12/48
Freight In and insurance 1,020
Total Input 84,770
Vat Payable 896,830
MIXED TRANSACTION Output
School Supplies 180,000
Sale of gift items 108,000
Total Output 288,000
Less Input TOTAL GROSS
Purchases for gift and sch supp 144,000
Purchases of books 64,286 vat exempt (expense)
Purchases of computers non &
vatable 32,000 2400000/3600000*(448000*3/26)
Total Input 176,000
Vat payable 112,000
Gross Exclusive of vat
1,500,000 vatable
1,200,000 exempt
900000 vatable
3,600,000
MIXED TRANSACTION Output Gross net of vat
Sales vatable 96,000 800,000
Sales not vat business - 200,000
Total Output 96,000 1,000,000
Less: Creditable Input Input non vat
Purchase for vat business 24,000
Purchases for non-vat - 4,032
Depreciable asset (common use) 9,600 2,400
Supplies common use, gross 192 48
Total Input 33,792 6,480
Vat payable 62,208