The VAT payable by or refundable to Info Link Communications Ltd for the month of April 2022.
The following transactions were extracted from the books of Info Link Communications Ltd for the month ended 30 April 2022. The company is registered for VAT.
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2 April: Purchases goods from Mambo Enterprises on credit worth KShs 1,800,000
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2 April: Purchased office furniture for Kshs 720,000 from Excel Furniture Mart
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3 April: Sold goods worth KShs 860,000 to Ken Link Communications Ltd on credit
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4 April: Purchased spare parts for motor vehicles worth Kshs. 230,000
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5 April: Returned office furniture worth Kshs 180,000 to Excel Furniture Mart and was issued with a debit note of the same amount
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6 April: Goods worth Kshs. 120,000 were found to be defective and Ken Link Communications Ltd returned them
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9 April: Purchased goods worth Kshs 2,400,000 from Japan, exclusive of import duty of 15% and VAT at the rate of 16%
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10 April: Sold goods for cash worth KShs 3,200,000
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12 April: Exported goods worth KShs 4,200,000 to Annex Enterprises Ltd in Rwanda
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16 April: Paid catering expenses worth KShs 160,000
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18 April: Imported goods worth Kshs 1,600,000 from India exclusive of import duty of 25% and VAT at the rate
of 16%
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20 April: Renovated the existing buildings a cost of Kshs 800,000
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22 April Paid rent and rates amounting to Kshs 490,000
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24 April: Exported goods worth KShs 2,400,000 to South Africa
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28 April Sold goods worth KShs 980,000 to Vista Communications Ltd in cash
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29 April: Hired a taxi to transport staff and paid Kshs 9,000
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30 April: Paid the following expenses for the month of April 2022:
Water bill KSH 30,0000
Salaries and wages KSH 2,800,000
Telephone bill KSH 48,000
Electricity bill KSH 180,000
The above transactions are stated exclusive of VAT at the rate of 16% where applicable and unless otherwise stated.
Required:
The VAT payable by or refundable to Info Link Communications Ltd for the month of April 2022.
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