Sale of Goods or Taxable Services and Accounting Treatment of Sales to Determine
1, external sales
VAT is the price of foreign taxes, to calculate the output tax free sales of their output tax. Therefore, the taxpayer selling goods or taxable services to the buyer all moneys received, respectively, should be reflected as a charge to the purchaser price and output VAT, even if the taxpayers to consumers of goods or taxable services, value-added because they can not issue tax invoices, and to price, tax merger charges, which were calculated formula is also used as sales and output VAT.
[Patients] a taxpayer to taxpayer B sold 500 of its production of washing machines, excluding tax price of 800 yuan / sets the price to be charged 400,000 yuan, the VAT rate is 17%, output tax amounted to 68,000 yuan, the goods sent Pat , out VAT invoices, payment Shangmo received.
Accounting entries are:
By: Accounts receivable 468 000
Credit: 400,000 Product sales revenue
Tax payable – VAT (tax) 68000
[Cases] B 200 taxpayers sale of washing machines, were sold to consumers, tax selling price is 1200 yuan / Taiwan, value-added tax rate of 17%.
The output tax amount of the goods: (200 × 1200) ÷ (1 +17%) = 205128 yuan;
The output tax amount of the goods: 205128 × 17% = 34872 (million)
Accounting entries are:
By: bank deposit 240000
Credit: 205,128 Sales of goods
Tax payable – VAT (tax) 34872
2, the price of income
Sales, including the taxpayer selling goods or taxable services and charged to the purchaser all the consideration and other charges. Other charges, some form part of the enterprise sales, some on behalf of the government and its subordinate departments, other enterprises and units charged. These additional fees and charges sellers regardless of whether they are from, and regardless of how they are handled in the accounting, calculation of output tax should be included in the sales.
[C] B to a taxpayer sells fish 10 tons of marine diesel, non-tax price of 1,000 yuan / ton, 17% VAT rate, the price charged outside the Fisheries Development Fund on behalf of departments 200 yuan / ton.
Sales of the goods: 10 × 1000 +10 × 200 = 12000 (million)
The output tax amount of the goods: 12000 × 17% = 2040 (yuan)
Accounting entries are:
By: bank deposit 14040
Credit: 10,000 Sales of goods
Other payables 2000
Tax payable – VAT (tax) 2040
3, the packaging deposit
Along with the sale of goods and non-refundable late charge deposit on packaging, sales and output VAT should be calculated. The taxpayer for the sale of lease, or lending the packaging of goods and deposit received, because the relevant provisions of this part of the deposit returned in the packaging, returned to the buyer, so they made the deposit, you can separately in “Other payables” subjects, not Calculation of eigenvalues included in the sales tax. However, the taxpayer should be on a regular basis to clean up this part of the deposit, non-refundable deposit of overdue sales should be calculated as output tax.
[Cases] B taxpayers to review their “other payables” account and found that 23,400 yuan deposit the packaging exceeds the packaging Pat return period, the packaging of goods by packing the applicable VAT rate is 17%, calculated the output tax amount of deposit on packaging 3400.
Accounting entries are:
(1) carry-over output VAT
By: other payables 3400
Credit: Tax payable – VAT (tax) 3400
(2) operating income carried forward
By: other payables 20,000
Credit: operating income 20,000
4, discount sales of goods
Sale of goods by way of discount, if the sales and discounts on the same invoice, and should be discounted in sales output tax calculated on sales. Sales discounts, including two forms, namely, trade discounts and cash discounts. Provisions of the existing accounting system, an enterprise of industrial production can be offset against the sale of discount sales income; commodity circulation enterprises and foreign economic cooperation enterprise sales discount place, should be through the “sales discounts and allowances” account to account. Note that neither the cash discount or a trade discount, and whether the accounting of how they deal with, allowing calculation of discounted sales after the output tax, the limited amount of sales and discounts on the same invoice of the situation. For the amount of sales and discounts are not indicated on the same invoice, you can not deduct the discount from the sales of calculating the amount of output tax.
[Patients] a taxpayer to sell products, sales of washing machines by way of trade discount of 50 units, do not tax the normal selling price is 800 yuan / Taiwan, discount rate of 4%, paid the price as 38,400 yuan, 17% VAT rate , output tax paid amounted to 6,528 yuan. A different situation and a taxpayer invoice, the calculation of sales and output VAT, there are two results.
(1) discount amount and sales on the same invoice. The sales of 34,800 yuan, output tax amounted to 6,285 yuan. Accounting entries are:
By: bank deposits 44,928
Credit: product sales 38400
Tax payable – VAT (tax) 6524
(2) the amount of discount and sales are not indicated on the same invoice. Sales tax is 800 × 50 (units) = 40,000,, the output tax amount of 40000 × 17% = 6800 yuan.
Accounting entries are:
By: bank deposits 44,928
Credit: Product sales 38,128
Tax payable – payable value added tax (tax) 6800
[Cases] B taxpayer to sell goods by way of sale of commercial television 20 discount, no tax sales price of 3419 yuan / Taiwan, the discount rate of 2%, paid the price as 67,012 yuan, 17% VAT rate , output tax paid amounted to 11,392 yuan. Ibid similar cases, B invoices issued by the taxpayer but also a different situation, the calculation of sales and output VAT, there are two results.
(1) discount amount and sales on the same invoice. The sales of 67,012 yuan, 11,392 yuan output tax amount. Accounting entries are:
By: bank deposits 78,404
Sales discounts and allowances 1368
Credit: Sales of goods 68,368
Tax payable – VAT (tax) 11392
(2) the amount of discount and sales are not indicated on the same invoice. Sales tax is 20 × 3419 = 68380 (million), output tax amounted to 68380 × 17% = 11625 (million), accounting entries should be:
By: bank deposits 78,404
Sales discounts and allowances 1606
Credit: Sales of goods 68,380
Tax payable – VAT (tax) 11625
5, sales return and sales allowance
Taxpayers selling goods, where sales issue special VAT invoices when Pat, in accordance with “VAT Invoice Management” requirement, such as the occurrence of sales returns and sales discounts and allowances should be treated separately depending on the circumstances: A : purchaser for the unpaid purchase price and the accounting treatment is not the case, the seller shall return the original invoice, the seller or the invoice if no tax declaration old experience should be linked to time on the invoice marked “void “character, as the current output tax deduction certificate; if tax returns or have to experience the old invoice should be returned according to invoices the buyer an invoice issued by the scarlet letter for sale items charged against the amount of sales and output tax accounting treatment. B, Pat-payment for the goods in the purchaser, or paid for account processing invoices, but Pat can not return the case to be received by the local tax authorities issued by the buyer of the “corporate goods returned, and ask for a discount certificate list” after the items can be offset against the sales and marketing accounting for output tax.
[Cases] in the case of a taxpayer a taxpayer sells to B because of the quality of the washing machine, the occurrence of sales returns 100, should be returned to 80,000 yuan price, output tax 13,600 yuan. Accounting entries are:
By: Accounts receivable -93,600
Credit: Product sales revenue -80,000
Tax payable – VAT (tax) -13,600
In addition to sales return and sales allowance, the taxpayer and any other expenses, such as the principal sales of principal expenditures, trade-in value of sales of used goods, etc., can not be offset against the sales and output VAT.
6, foreign exchange sales
Settled in foreign sales of the taxpayer, should be required to be converted into Renminbi in accordance with the provisions of the RMB equivalent of sales tax rates and output tax. The accounting entries with Example 1.
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