Page 7 - F6 Slide - VAT Part 5 - Lecture Day 5
P. 7
Adjustments (s 18)
No Input was
claimed
0% taxable supplies ≤ 100% taxable supplies
Claim Input tax N/A if input
was denied
= lower of Cost/MV x
14/114 x
% taxable use
Lower of MV on date of change/MV on date of previous adjustment
