Accounting and Tax Club.co.za Q&A
What's happening to my audit! Make SARS stick to this 90 day rule

"IT14SD - Reconciliation of Input VAT and Cost of Sales"

How do we reconcile the input vat and cost of sales in the IT14SD - Does every reconciling item need to be disclosed in the explanation section to the document? How would the movement in the opening and closing stock be accounted for in the reconciliation? What is the easiest and most efficient way to provide this reconciliation without making errors. Thanks


Added to
  • IT14SD form
  • Sars it14sd

Lingum
 User  Lingum asked on 04 Mar. 2013

 

2 answers

Vote answer I appreciate this answer [0] I am unhappy with this answer [0]
Annja Louca
 Expert Annja Louca answered question on 10 May. 2013
How do we reconcile the input vat and cost of sales in the IT14SD - Does every reconciling item need to be disclosed in the explanation section to the document? Yes

What is the easiest and most efficient way to provide this reconciliation without making errors? – Doing it from your actual accounting records


Vote answer I appreciate this answer [0] I am unhappy with this answer [0]
AMBage114896
 User AMBage114896 answered the user’s Annja Louca on 13 Jul. 2013
AnnJa01- I cannot find your answer. Can you repeat it please?
AMB



Other questions about IT14SD form

 


RSS Facebook Share the experience
Accounting and Tax Club.co.za
Topics
  • Accommodation
  • Accountant
  • Accounting
  • Allowances and deductions
  • Audit/Assessment
  • Bookkeeper
  • Budget Speech 2014
  • Budget Speech 2015
  • Capital gains tax
  • Company cars
  • Depreciation
  • Dividends
  • Donations Tax
  • Employee taxes
  • Employment Tax Incentive Act
  • Exports and imports
  • Financial Manager
  • Fringe benefits
  • Input tax
  • IT14SD form
  • Medical expenses
  • MOI
  • Provisional tax
  • Sars
  • Tax basics
  • Tax invoices
  • Tax returns
  • Travel allowances
  • Vat basics
  • Vat refunds
  • Vat registrations
  • Vat return
Premium Services
  • Company Registration
  • PAYE
  • Trusts
  • Turnover Tax
  • UIF
  • Wear and Tear
TOP ANSWERS 2015
Hello, What are zero-rated goods?[read more]
Published on 25 Jun. 2015 1 answer
Hi, I issued an tax invoice and paid Vat. But the debt has gone bad and I have to write it off. Can I claim back...[read more]
Published on 24 Jun. 2015 1 answer
I had the following question from a client and need some guidance: Please note, I’ve just landed a contract to work...[read more]
Published on 27 May. 2015 1 answer
Hi, I am a new business owner and with the tax season approaching I wanted to ask how I can claim input tax on my...[read more]
Published on 27 May. 2015 1 answer
Are the following methods of advertising allowed as deductions for income tax purposes: #Product...[read more]
Published on 28 May. 2015 2 answers
we were granted a compromise up to 2014/09 and the account is now clean. we had already drawn an IRP5 for 2014 but the...[read more]
Published on 04 Jun. 2015 2 answers
Video Archive Video club

X
 

10,000 South African Finance experts choose the Tax Bulletin


Sign up today and get your FREE 2015/2016 Tax Tables report.