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Compute for the VAT payable of Cebu Pacific, Inc. - a VAT registered common carrier based on the following information: Revenue from Domestic carriage
Compute for the VAT payable of Cebu Pacific, Inc. - a VAT registered common carrier based on the following information: Revenue from Domestic carriage of passengers Revenue from Domestic carriage of cargoes Revenue from International carriage of passengers & cargoes: Input tax from all purchases: Php20,000,000.00 Php30,000,000.00 Php50,000,00.00 00k.. Php5,000,000.00 7. Leslie Burgers Inc. - a non-VAT corporation engaged in buying and selling of burgers. After one year of operation, the corporation decided to register under the VAT system. The records of the corporation revealed the following: Beginning Inventory: Php250,000.00 Php4,000.00 Input Tax on the Inventory: How much is the transitional input tax that Leslie Burgers, Inc. can avail of?
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