Sales
Subject:LawPrice: Bought3
Sales...3289500
purchases....981000
the above figures are VAT exclusive and the VAT rate 16%, apart from purchases of kshs 245500 where the applicable rate is 8%.
one of the customers withheld VAT of Kshs 65300
The firm had a credit position of Kshs 188700 in the month of June
required
show the VAT position of ABC Ltd for the month, if there is any amount payable, when should the company pay it?
