Exempt Supplies $5,000,000 The GCT threshold is $10,000,000. Which of the following statement is correct? Time left 1:06:21 •a. BDF limited taxable has exempt supplies. The company is not required to register for VAT. Ob. BDF limited taxable supplies is $7,000,000. The company is not required to register for VAT. O c. BDF limited total supplies is $9,000,000. The company is required to register for VAT. d. BDF limited total supplies is $15,000,000. The company is required to register for VAT.Clear my choice

Exempt Supplies $5,000,000 The GCT threshold is $10,000,000. Which of the following statement is correct? Time left 1:06:21 •a. BDF limited taxable has exempt supplies. The company is not required to register for VAT. Ob. BDF limited taxable supplies is $7,000,000. The company is not required to register for VAT. O c. BDF limited total supplies is $9,000,000. The company is required to register for VAT. d. BDF limited total supplies is $15,000,000. The company is required to register for VAT.Clear my choice

SWFT Corp Partner Estates Trusts

42nd Edition

ISBN:9780357161548

Author:Raabe

Publisher:Raabe

Chapter20: Income Taxation Of Trusts And Estates

Section: Chapter Questions

Problem 15CE

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At Dec. 31, 2019. H&M Co. had gift certificates outstanding, which had been sold to customers during 2019 for P 100 each H& M operates on a gross margin of 60% of its sales. What amount of revenue pertaining to the 10,000 outstanding gift certificates should be deferred at Dec. 31, 2019. * A.N one B.400,000 C.600,000 D.1,000,000
4 Calculate net VAT due to or refundable by SARS given the following information: 2.1 Sales of R10 000 (vat inclusive, purchases of R7 000 (vat inclusive) 2.2 Sales of R10 000 (zero rated), purchases of R7 000 (zero rated) 2.3 Sales of R10 000 (exempt supply), purchases of R7000 (incurred to make exempt supplies
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