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solve this asap,I will rate it, solve in 20mins REQUIRED a) Explain the meaning of the following: Taxable supplies Exempt supplies Unattributable input tax Provide
solve this asap,I will rate it, solve in 20mins
REQUIRED a) Explain the meaning of the following: Taxable supplies Exempt supplies Unattributable input tax Provide an example of each in the context of Roy Flynn's optician's trade. (6 marks) b) Calculate the total input tax recoverable by Roy Flynn for each of the quarters ended 31 December 2021 and 31 March 2022, using the standard method of partial exemption. (11 marks) REQUIRED a) Explain the meaning of the following: Taxable supplies Exempt supplies Unattributable input tax Provide an example of each in the context of Roy Flynn's optician's trade. (6 marks) b) Calculate the total input tax recoverable by Roy Flynn for each of the quarters ended 31 December 2021 and 31 March 2022, using the standard method of partial exemption. (11 marks)Step by Step Solution
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