Sometimes, in the course of business activities of an enterprise, situations occur when the buyer returns the shipped goods. Naturally, some problems may arise before an accountant: how to issue this refund, how to reflect it in accounting and how to calculate VAT?
Instructions
Step 1
According to the Civil Code, the buyer has the right to return the goods to the supplier, shipped to him under the delivery contract. The second, in turn, is obliged to take it back. But it should be noted that the buyer in this case must write to your address a consignment note for the shipment of products, while he must make a note that these products are a return.
Step 2
How to reflect all this in tax accounting? If the buyer is a VAT payer, and he returned to you the goods that he previously accepted for accounting, then he must draw up a new invoice. This situation was clarified by the Russian Ministry of Finance. The thing is that after accepting the goods for accounting, the buyer confirms his consent to the transfer of goods into ownership.
Step 3
After the goods have returned to you, and the invoice is in your hands, you must reflect the transaction in the accounting, that is, register it like any receipt of goods, registering it in the purchase book.
Step 4
According to the Tax Code, the supplier can carry out a deduction for VAT in the event that changes have been made to the accounting in connection with the return of goods. Tax inspectors explain that a deduction is possible only after VAT has been paid, that is, if you receive a previously shipped product back in the same reporting period as the shipment, you must first pay VAT, and then deduct.
Step 5
All of the above operations should be reflected in accounting as follows:
- D45 "Goods shipped" K41 "Goods" - the cost of the goods shipped has been calculated;
- D97 "Deferred expenses" K68 "Calculations of taxes and fees" subaccount "Value added tax" - VAT is charged on the shipped goods;
- D41 "Goods" K45 "Goods shipped" - reflects the cost of the returned goods;
- D19 "Value added tax on acquired valuables" К97 "Deferred expenses" - the amount of VAT on the returned goods is reflected;
- D68 subaccount "Value added tax" K19 "Value added tax on acquired valuables" - the amount of VAT on the returned goods is accepted for deduction.
