Output VAT = Liability = paid over to SARS (Sell/ revenue)

Scenario
Input VAT = Current asset = received from SARS (buy/ expenses)
Debtors Customer X buys goods on 1 April on credit for R575, VAT included at 15%.
Study What is the VAT amount?
guide 575 x 15/115 = R75
Examples
What are the debit and credit amounts of this transaction?
Creditors
Dr Debtors Control/Customer X 575
Cr VAT Output 75
Cr Sales 500

On 30 April Customer X pays R513 in settlement of the goods bought on 1 April.

513 x15/115 =66.915 =R67
By how much must VAT reduce?
=75-67 =R8 VAT Input

What are the debit and credit amounts of this transaction?

Dr Bank 513
Dr VAT input 8
Dr settlement discount 54
Cr Debtors Control/Customer X 575

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