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Compute the VAT payable

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Question - On January 2020, DEF Corporation is a VAT registered manufacturer of refined sugar, purchased in cash from STU Corporation, also a VAT registered company, sugar cane amounting to P80,000. The refined sugar produced were sold on January 2020 on credit for P150,000, VAT exclusive. Compute the VAT payable.

a. P18,000

b. P8,400

c. P14,800

d. P9,600

Reference no: EM133074367

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