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A VAT registered taxpayer made the following acquisition of capital goods from VAT registered suppliers (net Purchase date Jan. 1*** '15 Mar. 2 Acquistion
A VAT registered taxpayer made the following acquisition of capital goods from VAT registered suppliers (net Purchase date Jan. 1*** '15 Mar. 2 Acquistion Cost 1,000,000.00 500,000.00 200,000.00 300,000.00 600,000.00 800,000.00 Dec. 25 3,000,000.00 *** The asset was sold in December, 2018. 20 Oct. 6 '30 Estimated Life in Years 10 2 6 2 4 6 1 Questions: 1. How much is the creditable input vat for the month of January? 2. How much is the creditable input vat for the month of February? 3. How much is the creditable input vat for the month of March? 4. How much is the creditable input vat for the month of April? 5. How much is the creditable input vat for the month of October? 6. How much is the creditable input vat for the month of November? 7. How much is the creditable input vat for the month of December?
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