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QUESTION 3 Kool Ltd is a value added tax (VAT) general taxpayer which buys and sells stationery. Kool Ltd has received the following quotes fromsuppliers
QUESTION 3 Kool Ltd is a value added tax (VAT) general taxpayer which buys and sells stationery. Kool Ltd has received the following quotes fromsuppliers for the purchase of 1,000 ball-pens. Supplier Price quoted VAT inclusive Other information OR exclusive A RMB10,000 VAT inclusive Supplier A is a VAT general taxpayer and can issue a VAT special invoice to Kool Ltd B RMB9,800 VAT inclusive Supplier B is a small-scale taxpayer. It can get the tax bureau to issue a VAT special invoice to Kool Ltd C RMB9,300 VAT inclusive Supplier C is a small-scale taxpayer. It can only give a VAT general invoice to Kool Ltd D RMB9,000 VAT exclusive Supplier D is a VAT general taxpayer. It can issue a VAT special invoice to Kool Ltd Required: Calculate the cost to Kool Ltd of purchasing 1,000 ball-pens from each of the four suppliers
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