NAVARROSA

FIRST QUARTER 2018

VAT Review

Total Jan Feb March

Vatable Sales/Receipt ₱ 50,892.86 10,714.29 40,178.57 -
Sale to Government 552,555.00 284,347.10 33,089.29 235,118.61
Zero Rated Sales/Receipts -
Exempt Sales -
Total Sales ₱ 603,447.86 295,061.39 73,267.86 235,118.61
Purchase of Capital Goods Not Exceeding 1M ₱ 22,044.64 22,044.64 - -
Purchase of Capital Goods Exceeding 1M - -
Domestic Purchases of Goods Other than Capital Goods 249,485.70 119,372.86 56,078.99 74,033.85
Importation of Goods Other than Capital Goods - - - -
Domestic Purchases of Services 51,585.09 29,592.41 20,222.14 1,770.54
Services Rendered by Non-residents - -
Others -
Puchases not Qualified for Input Tax 863,936.98 306,961.17 302,177.11 254,798.70
Total Purchases ₱ 1,187,052.41 477,971.08 378,478.24 330,603.09
Output Tax ₱ 72,413.74 35,407.37 8,792.14 28,214.23
Input Tax on Current Purchases ₱ 38,773.85 20,521.19 9,156.14 9,096.53
Add: Input Tax Carried Over from Previous Quarter 10,236.56 10,236.56
Input Tax Deferred from Previous Quarter - - - -
Transitional Input Tax -
Presumptive Input Tax -
Others -
Total Available Input Tax ₱ 49,010.41 30,757.75 9,156.14 9,096.53
Less: Input Tax Deferred to Next Period ₱ - - - -
Input Tax on Purchases of Capital Goods Exceedi - - - -
Input Tax on Sale to Government closed to Expens - 3,175.06 - 128.27 1,818.85 - 7,361.78
Input Tax Allocable to Exempt Sales -
VAT Refund/TCC Claimed -
Others - - - -
Total Allowable Input Tax ₱ 52,185.47 30,886.02 7,337.28 16,458.30
VAT Payable 20,228.27 4,521.34 1,454.86 11,755.93
Less: VAT Payments - previous two months ₱ - - -
Creditable VAT Withheld -
Advance Payments for Sugar and Flour -
VAT Withheld on Sales to Government 27,627.75 14,217.36 1,654.46 11,755.93
VAT Paid - amended return -
Advance Payments made -
Others - - - -
VAT Due ₱ (7,399.48) (9,696.01) (199.61) -
Per Return/ITS -38,209.00 -1,371,977.00 -1,371,977.00 -1,371,977.00
Diff 30,809.52 (1,362,280.99) (1,371,777.39) 1,371,977.00

Total Sales to government ₱ 552,555.00 284,347.10 33,089.29 235,118.61

Multiplied by: Standard Input VAT Rate 7% 7% 7% 7%
Standard Input VAT 38,678.85 19,904.30 2,316.25 16,458.30
Actual Input VAT attributable to sales to Government 35,503.79
### 19,776.02 4,135.10 9,096.53
Income on excess of standard input tax to actual input tax. ₱ 3,175.06 128.27 -1,818.85 7,361.78

Total Sales 603,447.86 295,061.39 73,267.86 235,118.61

Total Sales to government 552,555.00 284,347.10 33,089.29 235,118.61
Ratio of Sales to government 91.57% 96.37% 45.16% 100.00%
Total Input Vat 38,773.85 20,521.19 9,156.14 9,096.53
Actual Input VAT attributable to sales to Government 35,503.79 19,776.02 4,135.10 9,096.53

11,051.10