Kuntu Ltd is a VAT registered trader dealing in manufacturing and sale of canned fish. Below is an extract from the books of the company for the month of February 2022.Required:i.ii.b)Compute the total Value Added Tax and other related taxes payable or tax credit due to the company for the month of February 2022.(10 marks)If the company filed their VAT returns on 31st October 2022, state the penalty for late filing of VAT returns and calculate the penalty due.Taxable supply (VAT Inclusive) Relief SupplyExempt SupplyTaxable Inputs (VAT Inclusive)655,875.00 200,000.00 120,000.00 696,937.50Explain the following terms as used in the Value Added Tax Act 2013, (Act 870)i. Exempt Supplyii. Zero rated supplyiii. Relief Supplyiv. Taxable Supplyv. Value Added Tax Flat rate scheme 2a) Yaa Abrefi Kortor is a taxpayer who was served with a provisional assessment contai