VAT Question

ardi · 1 VAT Question Wed Mar 07, 2012 12:08 am

ardi

Arresto Menor

Posts : 23
Join date : 16/02/2012

What is the legal basis of this doctrine? "VAT should be included in the original price of the service or product and not added on to the final bill such as sales tax. The consumer should be allowed to know what he is expected to pay before he receives the bill."

madammeatty · 2 Re: VAT Question Mon Mar 12, 2012 12:58 pm

madammeatty

Arresto Menor

Posts : 21
Join date : 11/11/2011
Age : 39

we have a revenue regulation which provides that the amount of VAt should be stated separately in the receipt para alam ng consumers kung magkano ang tax at kung magkano ang basic price...
so purchase price plus VAT will the the total amount due from th consumer...
this will also help other VAT registered persons in their claim later on for the tax credit of their vat inout from their vat output...

VAT Question

1 VAT Question Wed Mar 07, 2012 12:08 am

ardi

2 Re: VAT Question Mon Mar 12, 2012 12:58 pm

madammeatty