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1 . A VAT - registered supplier sold goods amounting to P 500 000 gross selling price to a government - controlled corporation during a

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1 . A VAT - registered supplier sold goods amounting to P 500 000 gross selling price to a government - controlled corporation during a particular quarter . Which of the following statements is incorrect in relation to the sale o goods ? A . The sale is subject to withholding of final VAT B . The government - controlled corporation will withhold P 25000 final VAT C . The government - controlled corporation shall remit withholding VAT to the BIR within 10 days following the end of the month the withholding was made D . The VAT - registered supplier may refuse the withholding of VAT as long as it is willing to pay the full 12 VAT

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