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Delta Co Inc, a value added tax (VAT) general taxpayer with a monthly VAT period, is a manufacturing company that manufactures and sells computer networking
Delta Co Inc, a value added tax (VAT) general taxpayer with a monthly VAT period, is a manufacturing company that manufactures and sells computer networking equipment (VAT rate =13% ), and also provides installation services (VAT rate =6% ), as well as repair services (VAT rate =6% ). During May 2022 Delta Co Inc sold computer networking equipment to Company Y in a single sales activity to the total amount of RMB 1,200,000 (VAT Exclusive) . That agreement required that Delta Co Inc also provide an installation service, as a condition of the sale, and stipulates a price of RMB 975,000 for the equipment, and RMB 225,000 for the provision of the installation service. During May 2022 Delta Co Inc also provided repair services to various clients (unrelated to the transaction with Company Y ), for the total amount of RMB 132,000 VAT Exclusive. Delta Co Inc kept separate and accurate accounting records for all transactions. Required : Answer Questions 13 to 16 below : (3 marks) 13. Calculate \& type the Output VAT to be charged on all Composite / Concurrent Sale Activities during May 2022 : Calculate \& type the Output VAT to be charged on the Mixed Sale Activity with Company Y during May 2022 : Delta Co Inc, a value added tax (VAT) general taxpayer with a monthly VAT period, is a manufacturing company that manufactures and sells computer networking equipment (VAT rate =13% ), and also provides installation services (VAT rate =6% ), as well as repair services (VAT rate =6% ). During May 2022 Delta Co Inc sold computer networking equipment to Company Y in a single sales activity to the total amount of RMB 1,200,000 (VAT Exclusive) . That agreement required that Delta Co Inc also provide an installation service, as a condition of the sale, and stipulates a price of RMB 975,000 for the equipment, and RMB 225,000 for the provision of the installation service. During May 2022 Delta Co Inc also provided repair services to various clients (unrelated to the transaction with Company Y ), for the total amount of RMB 132,000 VAT Exclusive. Delta Co Inc kept separate and accurate accounting records for all transactions. Required : Answer Questions 13 to 16 below : (3 marks) 13. Calculate \& type the Output VAT to be charged on all Composite / Concurrent Sale Activities during May 2022 : Calculate \& type the Output VAT to be charged on the Mixed Sale Activity with Company Y during May 2022
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