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[16/18] ABAKADA Guro Party List Officers Samson S. Alcantara, et al. Vs. The Honorable Executive Secretary Eduardo Ermita, et al.

[16/18] ABAKADA GURO PARTY LIST (Formerly AASJAS) OFFICERS SAMSON S. ALCANTARA and ED VINCENT S. ALBANO, Petitioners, versus THE HONORABLE EXECUTIVE SECRETARY EDUARDO ERMITA; HONORABLE SECRETARY OF THE DEPARTMENT OF FINANCE CESAR PURISIMA; and HONORABLE COMMISSIONER OF INTERNAL REVENUE GUILLERMO PARAYNO, JR., Respondents.

G.R. No. 168056 | 2005-09-01

Pilipinas Shell Dealers, on whom the burden to establish the violation of due process and equal protection lies, offers the following chart of the income statement of a typical petroleum dealer:


QUARTERLY PROFIT AND LOSS STATEMENT
DEALER "A"


Price

VAT (without 70% cap)

VAT (with 70% cap)

Sales/Output

32,748,534


3,274,853.40


3,274,853.40

Cost of Sales


31,834,717


3,183,471.70




Gross Margin


913,817







Operating Expenses Non-vatable items

Vatable Items






536,249

317,584








31,758.40




Total Cost


853,833







Net Profit


59,984







Total Input Tax





3,215,230.10


2,292,397.38

VAT Payable





59,623.30


982,456.02



Unutilized Input VAT 922,832.72



*computed...