Accounting and Tax Club.co.za Q&A
You have one Capital Gains Tax lifeline

It’ll give you secrets most businesses will never know and help you avoid paying crippling taxes every single year.

Click here to get your lifeline today
 

"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
  • Tax returns
  • 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 Tax returns

 


RSS Facebook Share the experience
Accounting and Tax Club.co.za

Topics
  • Accounting
  • Allowances and deductions
  • Audit/Assessment
  • Capital gains tax
  • Dividends
  • Donations Tax
  • Exports and imports
  • Fringe benefits
  • Input tax
  • Provisional tax
  • Sars
  • Tax basics
  • Tax invoices
  • Tax returns
  • Vat basics
  • Vat registrations
  • Vat return
Premium Services
  • Company Registration
  • Objections
  • PAYE
  • Trusts
  • Turnover Tax
  • UIF
  • Wear and Tear
TOP ANSWERS 2016
Why do we have the Unemployment Insurance Fund?[read more]
Published on 30 Nov. 2015 1 answer
Hi, What is Incremental budgeting?[read more]
Published on 25 Nov. 2015 1 answer
Which is the correct way to handle an international trip undertaken by a director under cover of an "educational"? And...[read more]
Published on 24 Nov. 2015 3 answers
Hello, I was very unhappy with a SARS assessment, so I decided to lodge and objection via eFiling. What happens now?[read more]
Published on 24 Nov. 2015 1 answer
Who can apply for a Binding Private Ruling?[read more]
Published on 01 Dec. 2015 1 answer
Do I need an export licence to export zero rated services[read more]
Published on 01 Dec. 2015 2 answers
Video Archive Video club

X
FREE REPORT

Zero-Rated VAT:
 I'm going to tell you what a zero-rated supply is, and 16 supplies of goods where you can apply 0 per cent VAT.

Just enter your email address below