Page 159 - ADVANCED TAXATION - Day 1 Slides
P. 159
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
