Good day everyone,

Please help as I'm a bit confused here...

We are a small company and we bought a second hand Bakkie "cash" from a private person (non VAT vendor).

Our Bank suggested we finance that Bakkie so we can get the cash back for our cashflow and pay that off over
5 years (lease agreement).


Thing is we paid cash R 250 000 for the bakkie (no Input VAT) but when the bank paid us out they paid us out
R 217 391.30.... so they are claiming input VAT.


Now is this how it was suppose to be as we would not have done this if we were to loose the VAT on this and wont make
sense...

We are VAT registered.

Please help!


Regards