How much is the transitional input vat

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Reference no: EM133919192

Problem

Ara, owner of CCC Grocery store, opted to be registered as a VAT taxpayer. She had the following inventory: Vatable goods (all purchased from non-VAT suppliers) PhP150,000 Vat-exempt goods 100,000 Machinery and equipment used in business (purchased from a VAT supplier) 210,000. Get the instant assignment help. How much is the transitional input VAT?

Reference no: EM133919192

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