Page 7 - P6 Slide Taxation - Lecture Day 5 - VAT Part 1
P. 7

Example








         A vendor registered on the invoice basis supplied the


         following goods:


         (a) On 2 February goods are delivered at one of the clients’

         premises and the invoice for the goods was issued on the


         same date. The payment for the goods was received on 31

         March.


         (b) On 29 April a client paid R100 000 for goods delivered

         on the same date. The invoice was issued on 14 May.







         You are required to determine the time of the

         above supplies for VAT purposes.
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