D c A D D D D D A c c A A Do c c A D Dd D aA Bt 2. 63. 64 85, 6. or 6: 6. 1. 1 7. 73. % 6. 1. Tr 78. 3 20. 31 82, 8. 84 8, %. a7. ro a %. porting Computations/exoanatios: ' exempt only if contribution per members not mare than 15,000. No. 12 No, 20, No.24 No. 37 ‘Output Vat (°2,805,500 4P1,524,000) x 12% Input vat (P1,102,200+P 1,012,500) x 12% Vat Payable ‘Output Vat, 3 quarar (P150,000x 12%) Input vat, 3% quarter (120,000 x 12%) Defered input vat- previous quarter Vat Payable (Cary-over) AAR duly 1 Bilings, Juy-Sept AR Sept. 30 collections Output vat @ 12% Input vat on purchases @ 12% Vat Payable 519.540, (253,748) 265,780, 718,000 (14,400) (6,000) (2400) 160,000 350,000 (120,000) —rai0,000- 109.200 (67,600) 51,500No, 38 (Output vat (PSSM x 12%) 660,000 Input vat on materials 80,000) Val Payable Soptomt 460,000 No.39 Output vat (P10M x 1255) 1,200,000, Input vat on materials (480,000) Input vat on capital goods (36,000) (Paktx2% 60 mos. Vat Payable June 30 P8000 No.1 Sales, shares held as inventory 5,000,000, (os of shares, hel as inventory (2,000,000) Gross income 73,000,000 Vatrate 12% uiput vat 360,000 Les Input vat. ‘Supplies expense 12000 Rent expense 24,000 (96,000) Vat payable 24000 No, 49 Domestic sles (P800,000x 12%) Preo00 ‘Ade: Transacton deomed sles Jan. 4 consignment (P200,000 x 12%) 24,000 ‘Goods consumed on Fe. 27 (P50,000 x 1255) 6.000, Propety dividends (P150,000 x 12%) 18,000 Total Output Vat 20,000 No, 66.867 uiput vat 592480 x 3128) Pao Less: Input Vat Purchases of goods (P100,000 x 12%) 12,000 ases of services (PZ0,000 x 124) 2400 Transional input vat 4,800 (18,200) VAT Payable Pas 280 No.72 ‘Ouiput Vat for October 2014 = PM x1 Rabo of ital Pay over Goss SP. = P8O0,000PS,000,000 = 30% inital payments move than 25% of Selig Pie, the sales classed as Defered Sale whch teated as Cash Sale Therefore the entre output vats due on the month f sale No.73 ‘Output Vatfor2015 = PO; The entire output vat was pain 2014No, 74 Downpayment 112,900 ‘instalment payment 112,000 Total vat incusive) 224,000 Less: VAT (P2400 x 3128) (24,000), Initial Payment (exclusive of vat) —P200,000- Divide by contract Price (P1,120,000 x 328) 1,900,000 Ratio of Ital Payment over SP 20% ‘Output vat for 2017 (P200,000 x 12%) 26 000- No, 75 VAT ON CASH SALE: 72900 (2V is higher than SP) (P800,000 x 12%) VAT ON DEFERRED SALE: 36000 {Ratio of ntl payment over SP > 25% (Deferred Sale) (Treated as cash sale SP is higher than FMV) (336,000.12) x 12%] TOTAL OUTPUT VAT P08 000, No, 78 and 79 Output vat (336,000 x 3128) 36,000 Input vat (8,000 + 11,200) x 3128 x 300800 Vat Payable Ps 600 No, 80 OUTPUT VAT (P896,000 x 3728) INPUT VAT Purchases of goods, vat business, val included (24.000) (224,000 x 3/28) MIXED Transactions: Purchases of suppl, for vat & non vat business (112.000 x 328) x (600,001,000, 000)) (9.782) chase of depreciable asset, for use in val and non vat business [(P2,240 x 728) x 00,000, 000,000) VAT PAYABLE Pez 208 No, 61 and 82 ‘OUTPUT VAT Domest sles (P390,000 + 274,96) x 3128 Paazi Exgor sales (zor rated) ° InpuT VAT Purchases of goods, supplies and services for domestic sales and fr expor (374,000 + 63,248 + 154,000 + 85,000) 3728 (69,948) Vat Payable (5,127) No. 83 Raw Matos (PS60,000 x 328) x 400,000/1M ‘Supplies (P4480 x 5/28) x 40, 000/1K Equipment (P300,000 x 12% x 400,000/1M) INPUT VAT ATTRIBUTED TO EXPORT SALES 24.00 19,200 14400 57,500