Cracker $($Pty$)$ Ltd is in the business of manufacturing fireworks. They sell to both the local and the international markets. Sandra Naidoo, who is the founder and CEO of the company, is proud of the company$$s growth. She started the company in her backyard six years ago and today her company is selling fireworks across the globe. She owns $100\%$ of the company.

Cracker $($Pty$)$ Ltd is VAT registered and makes only taxable supplies. Cracker $($Pty$)$ Ltd is on a two$-$month tax period ending March, May, July, etc.

The following is an extract taken from Cracker $($Pty$)$ Ltd$$s management accounts for the two months ending May $2023.$ All amounts exclude VAT unless stated otherwise.

Amount $($R$)$

Note

Sales $($excluding VAT$)$

$1500000$

$1$

Purchases $$ raw materials $($excluding VAT$)$

$450000$

$2$

Purchase of goods and services

$520000$

$3$

Profit from operations

$530000$

Notes

$1.$ The sales can be further analysed as follows:

Local sales $900000$

Foreign sales $($directly exported$)600000$

Total sales $1500000$

$2.$ Raw materials are purchased from local suppliers.

$3.$ An analysis of this figure provides the following purchases:

a$.$

Cracker $($Pty$)$ Ltd purchased a second$-$hand computer from a VAT vendor for R$3000($excluding VAT$)$

b$.$

Cracker $($Pty$)$ Ltd paid salaries of R$80000$ in the two$-$month period.

c$.$

Cracker $($Pty$)$ Ltd purchased a second$-$hand bakkie from a friend, John, for R$20000$ and paid cash. John is not a VAT vendor. The bakkie was used to deliver fireworks, as the last delivery vehicle had an unfortunate end when a $$bright spark$($a type of firework with a large explosive charge$)$ accidentally went off in the back of the van.

d$.$

Sandra travelled extensively to promote her business. In the two$-$month period she spent R$12000$ on air travel to trade shows in Frankfurt, Germany and Nigeria. She spent R$4000$ on travel to Parys, South Africa $($excluding VAT$).$

e$.$

Petrol costs were R$10000.$

f$.$

R$40000($excluding VAT$)$ relates to an invoice received from ABC Auditing Services. This was for the annual audit that took place in April. Payment of the invoice is only expected to be made in June $2023.$

g$.$

The balance of these purchases of R$351000$ are supplies of goods and services from VAT vendors.

Required: Calculate the VAT payable to$,$ or refundable from SARS by Cracker $($Pty$)$ Ltd at the end of their May $2023$ VAT period. Use a VAT rate of $15\%.$ Round off your answers to the nearest Rand.