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(a) Mr. Kamaa is a trader whose business turnover averages sh 330,000 per month. He approaches you for advice whether he should register for VAT.
(a) Mr. Kamaa is a trader whose business turnover averages sh 330,000 per month. He approaches you for advice whether he should register for VAT. Explain to him the minimum turnover levels required for traders to register for VAT. (2mks) (b) List any four grounds of appeal to a VAT tribunal. (2mks) (c) Identify any four details to be found in a tax invoice. (2mks) (d) The following are the sales and purchases of Jasho. Limited, a supplier of vatable goods, for the six months period ended 31 Derpmher 2023 Sh All the purchases and sales above are VAT exclusive. Required: (i) Determine the total input tax deductible for the six month period ended 31 December 2022. (Tmks) (ii) Determine the total VAT payable for the period to 31 December 2022. (2mks)
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