ABC Ltd carries on business as a manufacturer of stationery from its main branch in the Republic. The following is the receipts and payments for the two month period JUNE and JULY $2023.$ All amounts include VAT where appropriate. The following information is provided:

RECEIPTS JUNE JULY

$1$ Cash sales made by the Republic branch to South Africa june$185900$ july$246750$

$2$ Interest received june$25100$ july$65200$

$3$ Rental received $($letting of residential accommodation$)$ july$120000$

$4$ Insurance payment received on an insurance claim for trading stock stolen in the Republic $55600$

$5$ Vending machine bought in $2020$ for R$12500$ to be used at canteen $($input tax denied$)$ is sold on $10$ JULY $202315000$

PAYMENTS

Wages and salaries june$72000$ july$72000$

Property rates on business property june$9275$ july$9275$

Bank charges june$15260$ july$8125$

Diesel june$7898$ july$9564$

Raw materials purchased from vendors june$123500$ july$254652$

Purchase of single cab bakkie to be used in delivery june$675000$

Finance charges on the new bakkie june$16250$

Bad debts june$4500$ july $3650$

Maintenance june$9758$ july$8759$

Telephone june$3650$ july$4650$

Water and Electricity june$6575$ july$7525$

Calculate the VAT payable by or refundable to ABC Ltd in respect of its two$-$month tax period ended July $2023.($Show detailed workings of how you would deal with each item.$)$ NB: round off your calculations to the nearest Rand. IF NO VAT APPLICABLE, PLEASE STATE REASONS. South Africa