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ABC Corporation is a domestic corporation engaged in land transport business. It had the following data for April 2021: RECEIPTS Transport of passengers P1,600,000 Transport
ABC Corporation is a domestic corporation engaged in land transport business. It had the following data for April 2021:
RECEIPTS | |
Transport of passengers | P1,600,000 |
Transport of cargoes | 2,400,000 |
PURCHASES | |
Gas, oil & materials for the transport of passengers | 300,000 |
Gas, oil & materials for the transport of cargoes | 600,000 |
All amounts are exclusive of applicable tax. |
How much is the VAT payable for the month of April?
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