The value for VAT of a supply is the consideration paid. Indicate the value for
VAT under the ` following circumstances:
The price of a radio cassette was Sh.17,500. A cash discount of 10% was given to the
customer.
Ushonaji Architects provided a free service to a community based project. The value
of the service was Sh.125,000.
Dubai Kenya Ltd. imported electricals valued for Sh.2,000,000. A duty of 25% was
charged by customs department.
Kupenda Company Ltd. sold furniture by instalments. The first instalment of
Sh.5,000 was received immediately. The sales price of the furniture is Sh.20,000 and
the remaining balance is to be paid in three equal monthly instalments.