Export sales, total invoice amount P400,000
Domestic sales, total invoice amount 672,000
Purchase of raw materials, used to manufacture goods for export and domestic sales, VAT inclusive
560,000
Supplies used for both export and domestic sales, VAT inclusive 448,000
Purchase of equipment used in the manufacture of goods for export and domestic sales, VAT exclusive
300,000
The amount of input tax which can be refunded or converted into tax credit certificates at the option of the VAT-registered person is: