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What is the input VAT carry over at the end of the month

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Reference no: EM133058201

Question - Apply the Philippine laws of business taxation in your solution (Train Law, Create law, etc.) Melissa Corporation had the following details of output VAT and input VAT in a month: Output VAT - 680,000; Input Vat on exempt sales - P P120,000; Input VAT on Zero-rated sales - P240,000; Input VAT on regular sales P600,000; Input VAT claimed as tax refund - P50,000; What is the input VAT carry over at the end of the month?

a. P180,000

b. P140,000

c. P80,000

d. P60,000

Reference no: EM133058201

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