Page 128 - ADVANCED TAXATION - Day 1 Slides
P. 128

Solution







                        Delivery vehicle, not motor car as defined, could claim
                           input tax in the past R132 000 × 14/114 = R16 211






                        Passenger vehicle, motor car, total reinstatement of
                           goods where input tax originally denied – thus no

                           output tax liability





                        Microwave oven, entertainment, total reinstatement of

                           goods where input tax originally denied – thus no

                           output tax liability
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