Most of the questions on accounting for input VAT arise when a company acquires property, plant and equipment. VAT on fixed assets can be deductible. For this, the following conditions must be met:
- Fixed assets acquired for use in VATable transactions;
- there is an invoice from the OS seller;
- the acquired OS is accepted for accounting;
- 3 years have not expired from the date of acceptance of the OS for accounting.
In addition, you can not only buy an OS, but also create it yourself. In such a situation, in order to deduct VAT from the cost of purchased goods, works, services that were used to create an asset, the organization must have invoices for these goods, works, services, they must be taken into account, and the condition of 3- x years must also be observed (clauses 2, 6, article 171, clauses 1, 1.1, 5, article 172 of the Tax Code of the Russian Federation,).
What are fixed assets
Fixed assets include property used in the activities of the organization as means of labor for the production and sale of goods or management of the organization, with a useful life of more than 12 months, and the initial cost:
- in accounting exceeds the limit for recognition of assets as fixed assets. Traditionally, it is set in the maximum possible amount - 40 thousand rubles. (p. 4, 5 PBU 6/01);
- in tax accounting exceeds 100 thousand rubles. (Clause 1, Article 256, Clause 1, Article 257 of the Tax Code of the Russian Federation). The specified limit applies.
The moment of acceptance of VAT for deduction
As a general rule, VAT on purchased fixed assets can be deducted after it is accepted for accounting as fixed assets. Those. in the quarter when the cost of fixed assets in accounting will be reflected on account 01 "Fixed assets" (Letter of the Ministry of Finance dated 01/24/2013 N 03-07-11 / 19). But if an organization created / built an OS on its own or with the involvement of contractors, then it is possible to deduct VAT from the cost of materials and work spent on its creation in the quarter when their cost is reflected on account 08 “Investments in non-current assets” (Letter from the Federal Tax Service dated 12.07.2011 N ED-4-3 / [email protected] ).
A similar situation develops when acquiring equipment and real estate objects that cannot be used as fixed assets without additional work (assembly, installation, repair, etc.). For them, VAT can be deducted in the quarter of reflecting their value, respectively, on account 07 “Equipment for installation” or 08 “Investments in non-current assets” (Letter of the Ministry of Finance of November 20, 2015 N 03-07-РЗ / 67429).
If fixed assets will be used in VAT-free transactions
If a fixed asset is purchased for use only in VAT-free transactions, then VAT on this fixed asset is taken into account in the cost of fixed assets both in accounting and in tax accounting (
Enterprises entering into agreements with suppliers and contractors, in addition to the cost of acquired valuables, must also pay the amount of VAT (value added tax) on acquired valuables
Value Added Tax set 21 ch. Tax Code of the Russian Federation is an indirect tax, i.e. paid by the buyer and is a form of withdrawal of value added created at all stages of production and circulation.
"Input" VAT- this is the tax that was presented by the supplier of goods (works, services), property rights in addition to the price.
"Input" VAT:
Accepted for deduction (reimbursement) (Articles 171, 172.176 of the Tax Code of the Russian Federation);
· is taken into account in the cost of purchased goods (works, services), property rights (clause 2, article 170 of the Tax Code of the Russian Federation);
Value added tax paid to suppliers for acquired values, works and services is taken into account in accounting on account 19 "VAT on acquired values". The account is active.
For analytical accounting of the sums of "input» VAT is recommended to open appropriate sub-accounts. This division is not mandatory, therefore, when developing a working chart of accounts, an organization may provide for a different division of sub-accounts, depending on the specifics of the activity.
When organizing analytical accounting , it is necessary to observe separate accounting for tax amounts for purchased goods (works, services) used in the production, taxable and non-taxable VAT.
In paragraph 4 of Art. 170 Tax Code of the Russian Federation the procedure for the distribution of VAT on goods (works, services) that cannot be directly distributed between taxable and non-taxable types of activities has been determined . The distribution base is the value of shipped goods (works, services) of property rights for the tax period.
The taxpayer has the right not to apply these provisions to those tax periods in which the share of total expenses for the production of goods (works, services), property rights, the sale of which is not subject to taxation, does not exceed 5% of the total amount of total production expenses.
Debit account 19 the amount of tax paid (due to be paid) by the organization on acquired inventories, fixed assets, intangible assets is reflected in correspondence with the accounts of settlements.
By credit account 19 the write-off of the amounts of value added tax accumulated on the account is reflected in correspondence, as a rule, with account 68 "Calculations on taxes and fees".
If an organization has received material assets from a supplier (for example, equipment, materials, goods), the following entries are made in accounting:
If the organization accepts from the contractor the results of the work performed, services rendered, the following entries are made in the accounting:
Tax deduction
Tax deductions are a reduction in the amount of VAT, which is calculated for payment to the budget, by the amount of "Input" VAT (clause 1, clause 2, article 171 of the Tax Code of the Russian Federation)
“Input” VAT on purchased goods (works, services) is deductible if the following conditions are simultaneously met:
Purchased goods (works, services) are registered;
goods (works, services) purchased for business activities subject to VAT or for resale;
· there is an invoice received from the supplier, drawn up in accordance with the law.
Debit 68 subaccount "VAT settlements" Credit 19- made a tax deduction
When buyers purchase goods, works, services, they pay the supplier, in addition to the cost of purchases, also the amount of VAT, which is taken into account on Account 19 "Value added tax on acquired values". At the same time, the movement of VAT on materials and fixed assets, intangible assets is separately recorded. Account 19 is active and balance sheet.
The following sub-accounts can be opened for account 19 "Value added tax on acquired valuables":
19/1 sub-account "Value added tax on acquired fixed assets";
19/2 sub-account "Value added tax on acquired intangible assets";
19/3 sub-account "Value added tax on acquired material
production inventories, etc.
The organization receives the right to a tax deduction at the same time fulfilling the following conditions:
1. Inventory assets are acquired for the needs of the main activity of the enterprise, subject to VAT, or for the purposes of managing the organization;
2. Inventory or services are taken into account;
3. There is a document in which the amount of VAT is highlighted as a separate line - an invoice.
However, there are cases when VAT is not deductible, but included in the cost of purchases.
Inventory assets are accepted for activities that are not subject to VAT. The purchasing organization is not a VAT payer.
| Name of business transaction | Account debit | Account credit |
| 08/10 | ||
| 19(1,2,3) | ||
| 08/10 | 19(1,2,3) |
The amount of VAT will go to increase the value of the purchased funds.
The amount of VAT on acquired valuables is reflected in the purchase book in chronological order. Rates:
10% - printed publications, food, medicines, children's clothing
Organizations and legal entities operating in Russia must pay value added tax in a timely manner and correctly reflect its formation and calculation in accounting. For this, there is a special account in the chart of accounts - 19 "VAT on acquired values." Accountants should know its purpose and application rules.
Value added - a premium to the price of products, which is formed by an enterprise or organization by adding its own costs to the cost of goods and services purchased from suppliers.
VAT assumes that the established part of the value added is not directed to the income of a legal entity, but goes to the state budget. For the production of goods and services, the company purchases raw materials and materials from suppliers, the price of which includes VAT. When a company sells its own products, it has an obligation to pay the budget for VAT obligations.
When calculating the total amount of tax to be transferred, you need to remember that a part has already been paid indirectly, through suppliers. This means that the input tax must be deducted from the output tax.
The essence and purpose of 19 accounting accounts
Account 19 is designed to collect general information on paid (or payable) amounts of VAT on products and services purchased from suppliers.
Within the framework of 19 accounts, for the convenience of accounting, sub-accounts are opened:
- 1 - tax on the purchase of fixed assets (land, equipment, buildings, structures);
- 2 - tax on the acquisition of intangible assets;
- 3 - VAT on replenishment of commodity stocks (purchase of raw materials, materials), etc.
When a company purchases goods and services from suppliers, it makes two sets of entries:
- D 10 - K 60 - for the value of acquired valuables, cleared of VAT;
- D 19 - K 60 - to reflect input VAT on purchased values.
When the tax is presented for offset with the budget, the accountant will remove the amount accumulated on account 19 by posting:
D 68 - K 19.
Balance line 1220 "VAT on acquired assets"
Input and output VAT is necessarily reflected in the balance sheet of the organization, formed for the reporting period. The first is shown in line 1220 and as part of receivables, the second is included in the structure of accounts payable.
The debit balance that exists at the end of the reporting period on account 19 is transferred to line 1220. The presence of such a balance means the amount that the company can claim for deduction from the budget.
To qualify for the deduction, a firm must meet three criteria:
- purchase of valuables for the direction of work subject to VAT;
- correct reflection of the value of acquired assets in accounting;
- availability of primary documents (invoices) drawn up in accordance with all the rules.
Most organizations do not receive a debit balance on account 19, and therefore they put a dash in line 1220.
The formation of a deductible amount is typical for structures that export goods, companies with a long production cycle, or firms to which suppliers have issued documents with errors and violations.
To avoid ambiguity, large companies are advised to detail the value in line 1220, dividing it by type of product purchased: fixed assets, intangible assets, stocks, etc.
VAT on fixed assets (OS)
Traditionally, the greatest number of questions is caused by the accounting of input VAT in terms of fixed assets.
According to the legislation, in order to present the input tax for deduction, the company must meet the following requirements:
- use of fixed assets in taxable transactions;
- availability of invoices;
- OS registration;
- no more than three years from the date of purchase.
The right to a tax refund is not lost for self-created fixed assets. In this case, the company must have invoices for the costs incurred in the process of manufacturing the OS.
The taxpayer has the right to reduce the total amount of tax by the amount of tax presented to the taxpayer when purchasing goods (works, services), as well as property rights in the territory of the Russian Federation (clause 2, article 171 of the Tax Code of the Russian Federation).
VAT deduction or refund can be made upon the occurrence of events:
1. Goods are credited and used for transactions subject to VAT.
2. Supplier invoice received. An invoice is a document that serves as the basis for the buyer to accept the goods (works, services) of property rights presented by the seller of the tax amounts for deduction. Invoices drawn up and issued in violation of the procedure established by paragraphs 5 and 6 of Article 169 of the Tax Code of the Russian Federation cannot be the basis for accepting the amounts of tax presented to the buyer by the seller for deduction or reimbursement.
3. Equipment that does not require installation is accepted for accounting on account 01 "Fixed assets".
In accounting, VAT amounts on acquired valuables are reflected in the account 19 "VAT on purchased assets".
In the VAT tax return, it is required to fill in the lines for different types of tax deductions. In the book of purchases, it is required to fill in the columns for tax rates. To do this, on account 19, sub-accounts are created for the types of purchased inventory items and for VAT rates.
The debit of account 19 reflects VAT on purchased inventories in correspondence with the account of settlements with the supplier.
On the credit of account 19 in correspondence with the sub-account 68-VAT"VAT" reflects the VAT refund from the budget.
Thus, the balance on account 19 reflects the amount of VAT not yet refunded.
In the purchase book, it is required to reflect not only the amount of VAT, but also the tax base from which this VAT is calculated. The tax base is reflected in the off-balance sheet account 119 "VAT base receipt and placement in the purchase book", the entries for which are made in parallel with the entries on account 19, but not for the amount of VAT, but for the amount of the corresponding tax base.
A one-sided entry in the debit of account 119 reflects the VAT base on purchased inventory items.
On the credit of account 119 in correspondence with the sub-account 168-VAT"Reimbursement and accrual to the budget VAT base" reflects the VAT base accepted for reimbursement.
Thus, when purchasing goods (materials, works, services), the following VAT entries are made:
| Debit | Credit | Sum | ||
| Check | Face | Check | Face | |
| 19-… | Provider | 60-01 | Provider | VAT amount |
| Purchase Document | Treaty | |||
| Purchase Document | ||||
| 119-… | Provider | price without VAT | ||
| Purchase Document | ||||
Upon receipt of the invoice, postings for VAT refunds are made:
| Debit | Credit | Sum | ||
| Check | Face | Check | Face | |
| 68-VAT | Basic payment | 19-… | Provider | VAT amount |
| Purchase Document | ||||
| 168-VAT | 119-… | Provider | price without VAT | |
| Purchase Document | ||||
When generating VAT refund entries, appropriate entries are made in the purchase book.
Documentation rules
In the program for accounting for VAT on purchased valuables in delivery documents (receipt invoices, services received, asset acceptance certificates) on the tab " Options" flag must be set " VAT":
Rice. 12-20 - Flag "VAT" in the incoming invoice
This flag should be set if VAT is highlighted in the supplier's document and:
The organization applies the general taxation regime and is not exempt from VAT;
The organization applies a simplified taxation system.
Flag " VAT" should be removed when:
The supplier's document does not highlight VAT;
The organization is exempt from paying VAT;
The organization applies a taxation system in the form of a single tax on imputed income.
When specifying items of goods and materials or services in the delivery documents, the amount of VAT on them is calculated automatically by the program at the VAT rate specified in the name card.
The VAT rate for goods and materials is indicated in the directory " Nomenclature"bookmarked" Options" in parameter " VAT rate" (H1):
Rice. 12-21 - Specifying the VAT rate in the item card
If a group of goods and materials is subject to one VAT rate, then it is convenient to indicate this VAT rate immediately on the item folder. The value of the VAT rate in this case will be assigned "by default" to all cards created in this folder. If necessary, this value can be overridden in the item card.
The VAT rate for the services received is indicated in the reference book " Types of services received"bookmarked" Options", just like in the "Nomenclature" reference book.
If the item document or services are subject to VAT at a rate of 0%, for example, medical equipment, then the "VAT" flag in the delivery document does not need to be removed to correctly reflect the operation in the purchase book. For such goods and materials and services, the VAT rate should be set to "0" in the directory.
When the document is closed, postings for the amount of VAT are generated to the subaccount of the account 19 "VAT on acquired valuables" and for the amount of the VAT base to the sub-account of the account 119 "VAT base receipt and placement in the book of purchases." subaccount account 19 and 119 is determined depending on the type of calculations specified in the document on the tab " Options", and the VAT rate specified in the name card. For more information about specifying and setting up types of settlements, see the chapter " Accounting for mutual settlements".
Received invoices
An invoice is a document that serves as the basis for accepting the amounts of tax presented by the seller for deduction. Therefore, in order to accept VAT for deduction in the program, it is necessary to issue invoices received, so if an invoice is not issued, VAT will not be accepted for deduction or refund.
There are three options for receiving invoices and delivery documents:
1. Invoice received before delivery document.
2. The invoice has been received along with the delivery document.
3. Invoice received after delivery document.
In the first two cases, it is recommended to create an invoice automatically in the program when registering a delivery document. If the invoice is received before the delivery document, then it does not need to be processed in the program until the delivery document is received.
To automatically create an invoice when registering a delivery document, set the flag " Invoice" and specify the details of the received invoice on the tab " Texture":
Rice. 12-22 - Automatic creation of received invoice
When saving the delivery document, the invoice will be generated automatically in the register of received invoices.
If the invoice arrives after the delivery document, but no later than the 20th day of the next month, it can be generated automatically by specifying the details of the received invoice in the delivery document. To do this, you will have to open the delivery document, so this method can only be used by small organizations for which opening delivery documents will not affect anything.
If the delivery document cannot be opened for some reason, or the invoice arrives after the 20th day of the next month after the receipt of the delivery document, it must be registered manually in the register of received invoices, while in the delivery document the flag " Invoice"bookmarked" Texture"does not need to be specified.
When creating an invoice manually in the field " According to the documents" you must specify the delivery document:
Rice. 12-23 - Manual creation of received invoice
After the invoice is issued, its details are automatically reflected in the delivery document on the "Invoice" tab.
For more information about processing received invoices, see the chapter " Accounting for goods and materials" chapter " Receipt of goods and materials".
In order to determine which invoices were created automatically and which manually, in the register of automatically created invoices in the field " State" the sign appears:
Rice. 12-24 - Marking automatically generated invoices
To control the receipt of invoices for delivery documents for which invoices are issued in the program, in the field " State" sign appears.
Rice. 12-25 - Marking the delivery documents for which
invoices
According to the rules for keeping registers of received and issued invoices, books of purchases and books of sales when calculating value added tax (approved by Decree of the Government of the Russian Federation of December 2, 2000 N 914 (as amended on May 11, 2006)) organizations must keep a register of received invoices.
In electronic form, the register of received invoices acts as a journal of received invoices. It can be printed if necessary<ctrl+P>).
VAT on fixed assets
The procedure for VAT deductions for fixed assets and intangible assets acquired since 2006 is set out in clause 1 of article 172 of the Tax Code of the Russian Federation. According to this paragraph, the deduction is made after the registration of these fixed assets and intangible assets.
| Type of capital investments |
The procedure for acceptance for VAT deduction | |
| Deduction conditions | Moment of deduction | |
| Equipment that does not require installation (OS), NMA | Fixed asset deposit to account 01* | From the month of placing on account 01 (paragraph 3, clause 1, article 172 of the Tax Code) or the next month ** |
| Equipment to be installed (OS requiring installation) | Registration of equipment to account 07 | From the month of setting up the account 07 (paragraph 3, clause 1, article 172 of the Tax Code) |
| Construction and installation works (including equipment installation) | Registration of construction and installation works to account 08 | From the month of setting up the account 08 (clause 5 of article 172 of the Tax Code) |
* It is possible to interpret the registration of fixed assets that do not require installation, either as the date of purchase and registration on account 08, or the date of commissioning and registration on account 01. Most analysts believe that the date of "acceptance of fixed assets" is the date the facility is put into operation. Therefore, in order to minimize tax risks in the program, VAT refunds occur after commissioning.
** A controversial issue in VAT refunds for fixed assets that do not require installation, acquired since 2006, is the determination of the moment of VAT refund. Some believe that such a moment is the last day of the month of commissioning, others - the first day of the next month after commissioning. In the program, the moment of VAT refund for fixed assets that do not require installation is determined by the user in the accounting setup on the " VAT":
Rice. 12-26 - Indication of the moment of VAT refund on fixed assets,
not requiring installation
Reimbursement of VAT on fixed assets is made in primary documents:
For equipment for installation and construction and installation works - in the incoming invoices and services received;
For equipment that does not require installation, and intangible assets - in the acceptance certificate.
For separate accounting of VAT amounts for fixed assets that do not require installation, have not yet been put into operation, a subaccount is used 19-KV-OSN"VAT on purchased operating systems that do not require installation."
Thus, VAT on fixed assets that do not require installation is first collected in the debit of subaccount 19-KV-OSN, and after commissioning it is transferred to the credit of the subaccount 19-OSN"VAT on fixed assets not requiring installation", for which VAT is refunded in the usual way.
Postings generated when purchasing an OS that does not require installation (invoice):
| Debit | Credit | Sum | ||
| Check | Face | Check | Face | |
| 08 | capital investment | 60-01 | Organization | price without VAT |
| Treaty | Treaty | |||
| Purchase Document | ||||
| 19-KV-OSN | Organization | 60-01 | Organization | VAT amount |
| Purchase Document | Treaty | |||
| Purchase Document | ||||
Postings generated during the commissioning of the OS that does not require installation (acceptance certificate):
| Debit | Credit | Sum | ||
| Check | Face | Check | Face | |
| 01 | The main thing | 08 | capital investment | price without VAT |
| Treaty | ||||
| 19-OSN | Organization | 19-KV-OSN | Organization | VAT amount |
| Purchase Document | Purchase Document | |||
| 68-VAT | Basic payment | 19-OSN | Organization | VAT amount* |
| Purchase Document | ||||
*The date of VAT refund postings for fixed assets that do not require installation depends on the moment of VAT refund specified in the accounting setup.
VAT accounting covers a large layer of operations that reflect the interaction of business units with each other and the budget. Accounting records accompanying the activities of the company streamline and structure all transactions made with this tax. Let's talk about the reflection in the accounting of the most common situations related to VAT - accrual, acceptance for deduction, write-off, recovery, offset, etc.
Accounts subject to tax
Considering VAT, the accountant operates with two accounts:
- sch. 19, combining the amounts of "input" tax, i.e., accrued on acquired assets or services, but not yet reimbursed from the budget;
- sch. 68 with the corresponding VAT sub-account, which reflects all tax transactions. On the credit of the account, the accrual of tax is taken into account, on the debit - the amount of VAT paid and reimbursed from the budget. VAT refund is reflected in the accounting entry D / t 68 K / t 19.
VAT mechanism
The tax is charged on all operations within the framework of the main and non-operating activities of the company. With the entry “VAT accrued from sales” (posting D / t 90 K / t 68), the accountant fixes the amount of tax payable to the budget, and the entry D / t 91 K / t 68 reflects the VAT that the company must pay when performing other operations, generating income.
When purchasing goods, the purchasing company has the right to reimburse the amount of tax indicated in the invoice from the budget by making the following entries:
D / t 19 K / t 60 - VAT on the purchased goods;
D / t 68 K / t 19 - the tax is presented for deduction after the acceptance of values for accounting. This algorithm allows you to reduce the amount of VAT charged at the expense of the "input" tax.
Thus, the accrued VAT is accumulated in the credit account. 68, and reimbursable - in debit. The difference between debit and credit turnover, calculated at the end of the reporting quarter, is the result that the accountant is guided by when filling out a tax return. If it prevails:
- credit turnover - it is necessary to transfer the difference to the budget;
- debit - the amount of the difference is subject to reimbursement from the budget.
VAT accounting entries: valuables purchased
Tax is taken into account on purchases with the following entries:
|
Operations |
Base |
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Reflected "input" VAT on purchased goods and materials, fixed assets, intangible assets, capital investments, services |
Invoice |
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Write-off of VAT on production costs on acquired assets that will be used in non-taxable transactions. |
Bookkeeping-calculation |
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Writing off VAT on other expenses when it is impossible to accept the tax for deduction, for example, if the invoice is incorrectly completed by the supplier, it is lost or not received. |
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Restored VAT previously claimed for reimbursement on goods and materials and services used in non-taxable transactions |
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VAT deductible on assets |
So, it is possible to recover VAT from the budget only when purchasing assets/services that will be used in transactions subject to VAT. Otherwise (when the property will be used in non-taxable transactions), the amount of tax on these assets is written off to production costs (by analogy with accounting in companies that do not pay VAT).
Attribution of VAT to other expenses, in everyday life - VAT write-off (posting D / t 91 K / t 19) is carried out both in cases of impossibility of obtaining an invoice, and in case of non-production expenses incurred on business trips (for example, for additional services indicated in railway tickets), write-off of accounts payable, gratuitous transfer of property, expiration of the three-year period allotted for tax refunds, etc.
Sales VAT: postings
The sale of assets is accompanied by the accrual of VAT on the debit of account 90/3, on receipts from non-operating transactions - 91/2. Typical postings for the sale of goods and other transactions with VAT will be as follows:
|
Operations |
Base |
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VAT charged: |
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On sale (on the fact of shipment) |
invoice |
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Upon sale (upon payment) |
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For non-operating income (shipped or paid) |
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For construction and installation works, produced by the economic method |
bookkeeping |
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For a donated asset |
Invoice |
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On the advance payment received from the buyer |
Invoice for advance payment |
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VAT credited from the advance (upon shipment) |
Issued invoice |
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|
VAT paid |
bank statement |
VAT on reduction of sales value: postings
Often, after the shipment of goods, disputes arise between counterparties over the value of assets being sold. Vulnerable in such a situation can be any party, but more often it refers to the supplier. If he agrees to change the price, an adjustment to the sale is made. Consider the option of reducing the price of goods due to additional delivery.
Example:
An agreement was concluded between the two companies for the supply of products in the amount of 100 units in the amount of 500,000 rubles. + VAT RUB 90,000 The price of one product is 5000 rubles. + VAT 900 rubles, cost price 3000 rubles. After shipment, the supplier additionally supplied 8 products under the concluded additional agreement. The implementation adjustment in vendor accounting would be as follows:
Operations
Sum
Sales proceeds
VAT on revenue
Written off the cost of goods sold (3000 x 100)
Written off the cost of products shipped additionally (3000 x 8)
VAT charged on additional supply (5000 x 8 / 118 x 18)
Payment received
A permanent income tax liability has been formed
Accrual of interest on VAT: postings
It happens that the IFTS calculates VAT penalties for companies. These amounts are reflected in the debit account. 99 in correspondence with sc. 68, i.e. the posting for the calculation of fines will be as follows:
D / t 99 K / t 68 for the amount of fines.
The payment of the penalty fee is fixed by entry: D / t 68 K / t 51.
Accounting for VAT when returning goods
Failed acquisitions are also reflected in the accounting, but they are recorded depending on the reasons for the return.
- if the goods turned out to be defective, and this was revealed after posting, VAT is reflected in the postings as follows:
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Operations |
||
|
Buyer |
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STORNO VAT on marriage |
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REVERSAL of VAT previously accepted for deductibility for the amount of marriage |
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At the seller |
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STORNO VAT upon acceptance of defects (if shipments and acceptances occur in the same tax period) |
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STORNO VAT upon receipt of marriage in the next period |
- if the product is of the appropriate quality:
|
Operations |
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|
Buyer |
||
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VAT on returned goods |
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At the seller |
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Input VAT on the return of goods and materials |
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Returned goods are VAT deductible |
VAT accounting entries: examples
The company purchased goods in the amount of 767,000 rubles. (including VAT 117,000 rubles), and then sold the goods on the terms of 50% prepayment in the amount of 1,180,000 rubles. (including VAT 180,000 rubles). The balance of goods in the amount of 118,000 rubles. (including VAT 18,000 rubles) was sold at retail for activities subject to UTII, and VAT was restored on it. The second share of the advance was transferred a month later.
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Operations |
Base |
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Payment for purchased goods |
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Goods posting |
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VAT charged on purchased goods |
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VAT accepted for deduction |
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Received 50% advance payment from the buyer |
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VAT charged on advance payment |
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Reflected sales revenue |
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Advance credited |
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Advance VAT deduction |
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Goods transferred to retail |
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Written off sold goods and materials |
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Written off the cost of goods |
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Restored VAT on retail (UTII) goods |
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VAT is included in the cost of goods |