According to the Civil Code of the Russian Federation, the buyer has the right to return the goods to the seller in the event that it does not comply with the terms of the contract or was found to be of poor quality. At the same time, a special procedure is established for reflecting this operation in accounting and tax accounting. If the company has paid VAT, then it is also necessary to reflect the return of the goods in the tax return.
Instructions
Step 1
Document the return of the goods. Only in this case, this operation can be accepted to receive a VAT refund. According to the requirements of Roskomtorg of the Russian Federation, it is necessary to draw up an invoice according to the unified form of TORG-12. In this case, the title of the document indicates that the goods are returned for a specific reason.
Step 2
Draw up an act on the recognition of the goods as low-quality, if this fact served as the reason for the return. It is drawn up according to the unified form TORG-2 (for domestic goods) or TOROG-3 (for imported goods).
Step 3
Refund the money for the returned item. If the return took place on the day of purchase, then the money is issued from the operating cash desk, and if later, after the shift is closed or the Z-report is removed, then the funds are transferred from the main cash desk of the enterprise.
Step 4
Reflect the goods to be returned on off-balance sheet account 002. After the transfer is made, in the seller's accounting, you must open a debit on account 41 "Goods" and a credit on account 45 "Goods shipped" or account 62 "Settlements with buyers" … You can also use the "reverse" or "red" storno method and make reverse postings on transactions. This moment depends on the adopted accounting policies at the enterprise.
Step 5
Restore and pay to the budget the amount of VAT on the returned goods in the tax period when the return was accepted by the seller for accounting. This provision is established by clause 4 of the letter of the Ministry of Finance of the Russian Federation No. 03-07-15 / 29 of 2007-07-03. Fill in the VAT tax return, in accordance with the established rules in the order of the Ministry of Finance of the Russian Federation No. 104n of 15.10.2009.
Step 6
Reflect the amount of value added tax, which is subject to recovery in connection with the return of goods, in line 090. Do not disclose this amount in lines 100 and 110, as it is restored in accordance with clause 2 of clause 3 of article 170 of the Tax Code of the Russian Federation.
