Company Z exported kitchen utensils during March 2022 to the amount of RMB 2,452,500. Input VAT amount incurred on local purchases and expenses during March 2022 was RMB 196,000 (all backed by appropriate special fa piaos). Company Z also had a VAT Creditable amount carried forward from the previous VAT period of RMB 32,700, when no goods were exported. VAT Rate =13% VAT Refund Rate on kitchen utensils =7% Required : Calculate the VAT Payable / Creditable / Refundable / Refund (if any) by / to Company Z for March 2022, by answering Questions 17 to 24 below : 17. ( Step 1) Calculate "Non-Exempted and Non-Creditable VAT" : 130,800122,625147,150196,200 19. ( Step 2) Calculate VAT Payable / Creditable / Refundable for the current VAT period : 300 VAT Payable (163,500) VAT Refundable (22,000) VAT Refundable (81,550) VAT Refundable ( Step 3) Calculate "VAT Exempted, Creditable and Refundable" for the current VAT period : Not applicable : No VAT refund \& No VAT Creditable Carry-forward amount (171,675) (318,825) (81,750) ( Step 4) Calculate VAT Refund and / or VAT Creditable Carry-forward amount, if applicable, for the current VAT period : (81,550) Actual VAT Refund \& No VAT Creditable Carry-forward amount Not applicable : No VAT refund \& No VAT Creditable Carry-forward amount (22,000) Actual VAT Refund \& No VAT Creditable Carry-forward amount (81,550) Actual VAT Refund &(59,750) VAT Creditable Carry-forward amount