How much is the Net VAT Payable? * T&T purchases vegetables from farmers and processed them in to canned goods. The following are the transaction of T&T for the year 2022: Purchases (VAT Ex): Tin cans Processed meat Pepper Oil (in bottles) Labels Sales (VAT Inc) O 3,232 O 3,252 O 3,000 0 0 50,000 2,000 500 300 600 89,600