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Sunbright Corporation, a VAT-registered taxpayer, is a manufacturer and dealer of children's clothes. For September 2020, the company provided the following data exclusive of
Sunbright Corporation, a VAT-registered taxpayer, is a manufacturer and dealer of children's clothes. For September 2020, the company provided the following data exclusive of VAT: Gross sales (70% on account) Consignments made to various retailers with the following pages: 1-30 days old 31-60 days old 61-90 days old P 800,000 P 250,000 300,000 100,000 200,000 Over 90 days old Required: Compute for the output tax for the month of September.
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