39. A seller who enters into zero-rated transaction A. charges VAT on the sale B. does not charge VAT on the sale C. is not entitled to input tax credit as to the cost of purchases attributable to that sale D. none of the above 40. Person required to register as a VAT person under the provision of the Tax Code but failed to register as such A. Non-VAT person C. VAT-registered person B. VAT-taxable person D. VAT-registrable person 41. VAT A. Form of sales tax C. Borne by consumer B. Consumption tax D. All of the above 42. Amout of sale, barter or exchange of goods and supply of services which are subject to VAT A. output tax C. taxable base B. input tax D. taxable purchase 43. Twelve percent (12%) multiply by taxable base A. VAT payable C. taxable base B. output tax D. taxable purchase A VAT-registered person purchased a article from another VAT-registered person for P134,400. He sells the same article for P224,000