Mr Taha

Sales Tax Computation

For February 2020

Input tax on purchases Amount Sales Tax Rate Sales Tax

Taxable Supplies from

3,500,000.00
unregistered persons
- -
Fixed Asset (machinery) from a
5,000,000.00
registered supplier 17% 850,000.00

less input tax on NCA (850,000.00)

Total input tax -

Apportionment of input tax

Exempt supplies to registered

persons 3,800,000
512,698.41
Zero rated supplies 2,500,000 337,301.59
6,300,000.00 850,000.00

Output tax Amount Sales Tax Rate Sales Tax

Taxable Supplies to unregistered

2,000,000
persons 17% 340,000.00
Exempt supplies to registered
3,800,000
persons 0% -
Zero rated supplies 2,500,000 0% -
Total output tax 340,000.00

Further tax

Taxable Supplies to unregistered

2,000,000
persons 3% 60,000.00

Total output and further tax 400,000.00

Sales Tax liability:

Output tax 340,000.00
Add: further tax 60,000.00
less:input tax -
Sales tax payable 400,000.00

Sales tax refundable in respect

NCA
Output tax -
less: input tax on zero rated
supplies (337,301.59)

Sales tax refundable (337,301.59)

Comments

unregistered persons
cannot charge sales tax

Comments
Mr Taha
Sales Tax Computation
For February 2020

Input tax on purchases Amount Sales Tax Rate Sales Tax

Taxable Supplies from registered

persons 11,000,000.00 17% 1,870,000.00
Exempt goods 3,000,000.00 - -
Fixed Asset (machinery) from a
registered supplier 6,000,000.00 17% 1,020,000.00

Adjustable input tax 1,870,000.00

Input tax on NCA 1,020,000.00

Output tax Amount Sales Tax Rate Sales Tax

Taxable Supplies to registered persons 10,000,000.00 17% 1,700,000.00

Exempt supplies to registered persons
5,500,000.00 - o

Sales tax liability

Output tax 1,700,000.00

less: input tax restricted to 90% of
output tax (1,530,000.00)
Sales tax payable 170,000.00

Input tax on machinery for taxable

goods (1,020,000.00)
Sales Tax refundable (850,000.00)

Input tax carry forward 340,000.00

Comments

Comments

can be adjusted without need for

separate output tax as producing
only taxable supplies