Get in touch with the experts. You have access to specialised information and advisory services.
Accounting and Tax Club.co.za Q&A
Don’t become SARS’ victim by not completing your IT14SD correctly
Click here to see how you can complete yours correctly the first time, every time
"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
Disclaimer Copyright 2015, Fleet Street Publications (Pty) Ltd. The information contained herein is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. No action or inaction should be taken based solely on the contents of this publication. We do research all our recommendations and articles thoroughly, but we disclaim all liability for any inaccuracies or omissions found in this publication. No part of this publication may be reproduced or transmitted in any form or by means of electronic or mechanical, including recording , photocopying, or via a computerised or electric storage or retrieval system without permission granted in writing from the publishers.