SECTION A Answer ALL the questions in this section. Question 1 Explain your understanding of the following terms 1.1 Standard rated supplies 1.2 Zero rated supplies 1.3 Exempt supplies Type here to search Question 2 Calculate net VAT due to or refundable by SARS given the following information: 2.1 Sales of R10 000 (vat inclusive, purchases of R7,000 (vat inclusive). 2.2 Sales of R10 000 (zero rated), purchases of R7 000 (zero rated) 2.3 Sales of R10 000 (exempt supply), purchases of R7000 (incurred to make exempt supplies. C C a # 0 [30 MARKS] (2 marks) (2 marks) (2 marks) (3 marks) (4 marks) (3 marks) b 19C 12:48 ING 2022/09/2