Statement II : The output VAT on P13,500 VAT sales invoice amount is P1,350. A. Only statement I is correct. C. Both statements are correct. B. Only statement II is correct. D. Both statements are incorrect. 06. Statement 1: The VAT invoice must show the VAT as a separate item. Statement II : VAT purchase invoice is a source of Input VAT of the VAT-registered business. A. Only statement I is correct. C. Both statements are correct. B. Only statement II is correct. D. Both statements are incorrect. Statement I : A single proprietorship business must secure first its BIR registration and TIN before it is allowed to be issued with DTI Certificate. Statement II: A corporation must secure first its Certificate from SEC before it is allowed to be registered with the BIR. A. Only statement I is correct. C. Both statements are correct. B. Only statement II is correct. D. Both statements are incorrect