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Compute the VAT payable

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Question - On January 30, 2021, XYZ Corporation, a non-VAT registered company, purchased from ABC Corporation, a VAT registered company, goods and paid a total amount P156,800, inclusive of VAT. on February 1, 2021, XYZ Corporation became liable to VAT. The goods were sold on February 28, 2021 for P280,000, VAT inclusive. Compute the VAT payable.

a. P30,000

b. P13,200

c. P27,200

d. P16,800

Reference no: EM133065336

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