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Waga Co. a sardines canning company had the following purchases as inputs for its manufacturing operations during the month: Tin cans, inclusive of VAT P

Waga Co. a sardines canning company had the following purchases as inputs for its manufacturing operations during the month:

Tin cans, inclusive of VAT P 80,000

Tomatoes 150,000

Sardines 200,000

Labels, inclusive of VAT 20,000

Total P 450,000

What is the presumptive input VAT allowable to Waga?
What is the creditable input VAT of Waga for the month?

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