Question
You are provided with the following information relating to Granite Tombstones (Pty) Ltd for the VAT period ended October 2022. The standard VAT rate is
You are provided with the following information relating to Granite Tombstones (Pty) Ltd for the VAT period ended October 2022. The standard VAT rate is 15%. All parties involved are VAT vendors. No. Transactions for the twomonth period Excluding VAT VAT amount Including VAT 1. Services rendered (a) R15 000 (b) 2. Petrol R500 (c) (d) 3. Interest paid (e) (f) R200 4. Telephone bill 978 (g) (h) Required: Calculate the relevant amounts (a) to (h) in the table above. Round off to two decimals where necessary. Show all your calculations. If VAT is not applicable, state the reason in the table as part of your answer
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