Question: Which of the following transaction is not subject to the VAT?
sale of real property ordinarily held for sale
sale of real property used by a company in its business but not for lease or sale sale of real property in installments sale of real property lot at below P2,500,000
Services Rendered by Banks, Non-Bank Financial Intermediaries Generation, Transmission and Distribution of Electricity Services Rendered by Professionals Such As Cpas, Physicians and Lawyers
True, If Not Made in The Regular Course of Trade or Business False, It Is Exempt If What Is Sold Is A Residential Unit True, Sale of Real Estate Is Subject To VAT