Surely, many believe that it is impossible to reduce VAT and, moreover, it is illegal, however, this opinion is erroneous. In accordance with the norms of the tax code of the Russian Federation, any organization has the right to reduce the total amount of VAT by certain deductions established by the law.
Instructions
Step 1
In order to reduce the total amount of value added tax, it is necessary to deduct VAT. First of all, you need to know that, according to the legislation of the Russian Federation, the acquisition of goods (works or services) for resale is recognized as deductions that reduce VAT; purchase of goods (works or services) for internal use.
Step 2
Filling out the invoices that you receive must take place with the allocated VAT and only in accordance with paragraphs 5, 5.1 and 6 of Art. 169 of the Tax Code of the Russian Federation. At the same time, if an invoice is issued for the provision of work or services, then a special act on the performance of such services or work must be attached to it. And in the case when the invoice is accepted in view of the purchase of goods, a consignment note must go to it.
Step 3
Reflect VAT on accounting documents. So, immediately after receiving an invoice with a dedicated VAT, reflect this with the leashes K19 (VAT on purchased values) and D68 (Calculations for taxes and fees).
Step 4
There are situations in practice when certain amounts for purchased goods or services are paid in advance. In such cases, it is necessary to charge VAT at the time of receiving an advance, and only then transfer funds to the budget. The accrued VAT tax on the sale of works, goods or services, when payment is made in advance, can be deducted. For such a deduction, as established by law, payment is not required.
Step 5
You need to know that when transferring an advance for certain services, work or goods, the accountant is obliged to make the posting D68 (Calculations for value added tax) and K76 (Calculations for VAT from received advances). And the supplier is obliged to issue an invoice and calculate VAT within a certain number of calendar days (5 days) after the advance payment is received.
