- A Vat Registered Entity Is Engaged In The Business Of Construction For Each Construction Project The Entity Bills Its 1 (39.02 KiB) Viewed 40 times
A VAT-registered entity is engaged in the business of construction. For each construction project, the entity bills its clients 70% of the contract price throughout each stage of the project and the remaining 30% when the construction is completed. During the 3rd quarter, the data are as follows: July August September PL PL Р 4,000,000 3,500,000 3,750,000 Progress Billings sent to client Payments made by clients 4,600,000 4,100,000 3,850,000 How much is the total output VAT for the quarter? 1,690,000 1,201,000 O 1,350,000 1,506,000