How to deal with the input tax in the event of the return of raw materials?

1. The purchaser shall issue the Notice of Issuance of Red Letter VAT Special Invoice to the competent tax authority.

2. Give a copy to the seller as the basis for issuing a red invoice.

3. After receiving the red letter VAT special invoice from the seller, it shall be used as the basis for the transfer of input tax together with the "Notice".

1. According to the No. 156 document of the State Administration of Taxation, if the certified invoice is returned for sale, the purchaser shall apply to the competent tax authority for the issuance of a red-letter invoice notice, and transfer the returned part of the goods out.

2. The seller shall issue a red-letter invoice with the notice issued by the competent tax authority of the buyer.

For raw materials purchased in April, input tax has been certified as a credit in the current month. May due to material quality problems returns, May declaration, has been done on the declaration form of input tax transfer, this treatment is inappropriate, because has been certified deduction of input tax invoices, if the return, the buyer needs to apply to the local competent tax bureau for the issuance of red invoice notice, the seller with the tax bureau approved by the official seal of the "red invoice notice" issued negative invoice, the buyer with negative invoice entry, negative invoice can not be certified, the declaration of input tax transfer, When you have not received the negative invoice, you should not do the input tax transfer, since you have already declared the transfer, supplement the negative invoice as soon as possible.

If the enterprise finds that there is a quality problem in this batch of raw materials after purchasing a batch of raw materials, it needs to return it to the buyer. At this time, the accountant should be like arguing with the bank, how to deal with the accounting?

Purchase of raw materials and return of the accounting office letter touch respect.

1.Accounting treatment when purchasing raw materials:

Borrow: raw materials.

Tax Payable – VAT payable (input tax).

Credit: Bank deposits.

At this time, it is necessary to attach the warehousing list issued to the back of the voucher. In addition, the credit side of this entry, based on actual demand, can register the account payable.

2.Accounting for the return of raw materials:

Borrow: Bank deposit.

Tax Payable – VAT payable (input tax transferred out).

Credit: raw materials.

Depending on the actual situation, the debit side of this entry can register accounts payable.

Debit: Accounts payable.

Tax Payable – VAT payable (input tax transferred out).

Credit: raw materials.

The return order issued when returning raw materials needs to be attached to the voucher.

An accounting entry for the purchase of raw materials to pay for freight.

This can be divided into two situations. One is that the price and freight are paid together, and the other is that the freight is calculated separately.

If the price is paid together with the shipping fee:

Borrow: raw materials.

Tax Payable – VAT payable (input tax).

Credit: Bank deposits.

If the shipping cost is calculated separately:

Borrow: Selling Expenses – Shipping Costs.

Loan slippage: bank deposits.

How to account for the purchase of raw materials with acceptance bills?

Borrow: raw materials.

Tax Payable – VAT payable (input tax).

Credit: Notes payable.

When due, the accounting entries for the redemption of commercial acceptance bills are treated:

Debit: Notes payable.

Credit: Bank deposits.

What is the difference between the raw material ledger account and the material purchase ledger account?

This is an account that can be used for raw material accounting regardless of whether it is planned costing or actual costing. If the planned cost method is used, the planned cost is used when the raw materials are put into storage or out of the warehouse; If the actual cost method is used, the actual cost is used when the raw materials are put into or shipped out of the warehouse.

The material purchase ledger account is the one that is only used under planned costing. The actual cost of purchased raw materials is recorded on the debit side, and the planned cost of inbound materials is registered on the credit side. The debit balance at the end of the period reflects the cost of purchasing materials in transit for the enterprise.

If an enterprise purchases a batch of raw materials and returns due to quality problems, how should accountants deal with the return of raw materials?

Accounting entries for raw material returns.

When buying raw materials:

Borrow: raw materials.

Tax Payable – VAT payable (input tax).

Credit: Bank deposits (or accounts payable) are late.

When returning: Debit: Bank deposit (or accounts payable).

Tax Payable – VAT payable (input tax).

Credit: raw materials.

Raw materials belong to the asset category, which is mainly used to account for the planned and actual costs of various materials in the inventory of the enterprise (including raw materials and main materials, auxiliary materials, purchased semi-finished products, packaging materials, fuels, etc.).

Accounts payable mainly accounts for the amount payable by the enterprise for business activities such as the purchase of materials, commodities and the acceptance of labor services**.

Accounting entries for the return of raw materials.

For the accounting entries that are returned for picking, the picking list in red should be made as follows:

Borrow: production costs - direct materials.

Credit: raw materials.

Accounting treatment of raw materials for provisional warehousing.

1. Provisional estimation and warehousing.

Borrow: raw materials.

Credit: Accounts Payable - Provisional Estimate No Invoice (xx** Merchant).

2. Provisional estimate of backflushing.

The red letter rushed back to the provisional estimate of storage:

Borrow: raw materials.

Credit: Accounts Payable - Provisional Estimate No Invoice (xx** Merchant).

3. Receive the invoice and do warehousing processing

Borrow: raw materials.

Tax Payable – VAT payable (input tax).

Credit: Accounts Payable - xx** Merchant.

How is VAT on returns handled?

Handling in the event of returns, mainly VAT.

The return of the current month, and no invoice, this is simple, the return of goods into the warehouse, because the invoice is not issued, the tax does not have to be processed.

The invoice is issued in the current month, the return is returned in the current month, and the ticket is not certified, which is also easy, and the ticket is invalidated, and the tax does not have to be processed.

The invoice is issued in the current month, the return is returned in the next month, and the ticket is certified, which requires the other party to go to its tax bureau to issue a return certificate, so that the invoice issued by the seller cannot be invalidated, and only a negative invoice can be issued.

The specific provisions are as follows: the State Administration of Taxation "on further doing a good VAT tax declaration.""One-window"Notice on the management of the work of general VAT taxpayers after the sale of goods, the issuance of special VAT invoices for the sale of goods and the issuance of special VAT invoices for the first tax service, such as the return of sales, sales discounts and the original blue special invoice filling error, etc., shall be handled according to the following methods according to different circumstances:

1) If the seller receives the invoice copy and deduction copy returned by the buyer in the month of issuance of the blue special invoice, and has not yet treated the accounting copy as an accounting copy, the original blue special invoice can be invalidated. That is, it is indicated on the invoice copy, the deduction copy, together with the corresponding stub copy and accounting copy"Void"words, and paste them behind the stub copy in turn, and at the same time invalidate the original invoicing electronic information of the anti-counterfeiting tax control invoicing subsystem.

If the seller has treated the bookkeeping as an account, it must issue a negative special invoice through the anti-counterfeiting tax control system as a voucher for deducting the output tax, and the blue special invoice that has been issued shall not be invalidated, nor shall the red ordinary invoice bridge family be used as a voucher for deducting the output tax.

If the seller receives the invoice copy and deduction copy returned by the buyer in the following month after the issuance of the blue special invoice, regardless of whether the bookkeeping copy has been treated as an accounting transaction, the voucher for deducting the output tax amount of the negative special invoice shall be issued through the anti-counterfeiting tax control system, and the blue special invoice issued shall not be invalidated, nor shall the ordinary invoice in red be used as a voucher for deducting the output tax.

2) If the seller receives the "Certificate of Withdrawal or Request for Discount" issued by the local competent tax authority of the buyer, it shall issue a negative special invoice through the anti-counterfeiting tax control system as a voucher for deducting output tax, and shall not invalidate the issued blue special invoice, nor shall the red ordinary invoice be used as a voucher for deducting output tax.

1. Who will bear the tax points of the invoice after return?

After the return of the goods, the seller shall refund the full price and VAT to the buyer. Because after the return, the invoice should be invalidated, or a red invoice should be issued, and the corresponding VAT can be deducted, or a tax refund can be applied. Of course, the buyer is unable to issue a red invoice because the buyer has exceeded the certification and has not held the certification.

Of course, if there is an agreement between the two parties, it shall be agreed by both parties, or negotiated by both parties.

2. How to deal with return invoices.

After a general invoice, it can be a hassle to return the product (or partially return the product) or when a discount occurs.

After the issuance of the Shenhe invoice, if there is a sales discount, the original invoice must be re-issued after the original invoice is withdrawn and the word "invalid" is indicated, or the red letter invoice must be issued after obtaining a valid certificate from the other party.

Judging from the above provisions, it seems that the IRD has given a path that can be resolved. In the event of a return (or discount), the customer can return the original invoice, and the new invoice will be issued. But the key is that in the implementation process, there are the following dilemmas:

1. After issuing an invoice in the name of an individual consumer, what should I do if the invoice is returned (or discounted) and the invoice copy is lost?

If you write a return certificate by an individual, most of the IRS does not recognize it, and you must issue a red invoice when returning the goods in the next month, or you must directly invalidate the original invoice in the current month, otherwise when you buy a new invoice, the tax bureau will not sell the new invoice if the invoice is not complete; The tax bureau once gave me a reply that enterprises and individuals jointly reported that the declaration invoice was lost and invalidated, and then after receiving the penalty from the tax bureau, they could issue a red-letter invoice, nonsense, how is this possible.

If the sales volume of the unit is large, you can do not need the invoice of part of the consumer's sales offset, and no longer require the customer to refund the ticket; If the sales volume of the unit, there is really no way, most small enterprises can only admit it, pay more taxes to the tax bureau, it is a simple matter, but it also buries a mine for itself, I don't know when it will be blown up.

2. What should I do if the ordinary invoice issued to the enterprise is made or lost, and the ticket is not refunded?

Is it possible to issue a red-letter invoice in the form of a return certificate? Most IRS does not specify how to issue certificates, and they believe that the original invoice must be returned if the invoice is issued in red letters, or the invoice is invalidated, otherwise the new invoice will not be sold when the new invoice is purchased.

Legal basis]:

Article 27 After the invoice is issued, if the sales are returned and the invoice needs to be issued in red, the original invoice must be withdrawn and the word "invalid" must be marked or a valid certificate of the other party must be obtained.

In the daily operation process of enterprises, it often happens that the purchase of raw materials and then the return of the poor search, it is necessary to do the processing of input tax transfer, how to write the relevant accounting entries?

Accounting entries for the return of purchased raw materials.

When purchasing raw materials, a warehousing list is issued and attached to the back of the voucher.

Borrow: raw materials.

Tax Payable – VAT payable (input tax).

Credit: Bank Deposits Accounts Payable.

For returns, a return slip is issued and attached to the voucher.

Debit: Bank Deposits Accounts Payable.

Tax Payable - LAT payable (input VAT transferred out).

Credit: raw materials.

Accounting entries for the receipt of payments.

1. Received the previous payment.

Borrow: Bank deposit.

Credit: Accounts receivable.

2. Receive the payment in advance.

Borrow: Bank deposit.

Credit: Accounts received in advance.

3. Receive the current payment and attach the invoice.

Borrow: Bank deposit.

Credit: main business income.

Tax Payable – VAT payable (input tax).

Or. Borrow: Bank deposit.

Credit: main business income.

Tax Payable - VAT Payable.

What are Raw Materials?

Raw materials refer to the raw materials, main materials and purchased semi-finished products that change their form or nature through processing in the production process and constitute the main entity of the product, as well as auxiliary materials that do not constitute the product entity but help to leak the formation of the product. Raw materials include raw materials and main materials, auxiliary materials, purchased semi-finished products (purchased parts), repair spare parts (spare parts), packaging materials, fuel, etc.

What is Accounts Payable?

The accounts payable account is used to account for the amount payable by the enterprise for business activities such as the purchase of materials, goods and the receipt of labor services**. Accounts payable refers to the liabilities incurred due to the purchase of materials, commodities or the receipt of services**, etc., which are the liabilities arising from the inconsistency between the acquisition of materials and the payment of goods between buyers and sellers in the purchase and sale activities.