Page 118 - P6 Slide Taxation - Lecture Day 5 - VAT Part 1
P. 118

Solution











       Delivery vehicle, not motor car as defined, could claim


           input tax in the past R132 000 × 15/115








       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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