Sometimes, in the course of the economic activity of an enterprise, managers are faced with situations when low-quality goods are returned back to the supplier. As a rule, accountants are confused: what to do with VAT in such cases?
Instructions
Step 1
As a rule, when accepting the goods, you must take all the documents that confirm the fact of purchase - this is necessarily an invoice, invoice. In accounting, based on these documents, make an entry:
D41 "Goods", K60 "Settlements with suppliers".
Step 2
After that, you must highlight the input VAT. This is done in order to subsequently calculate the amount of tax to be paid to the budget. Make the wiring:
D19 "VAT on purchased values", K60 "Settlements with suppliers".
Step 3
Then add the VAT amount on the goods received:
D68 "Calculations of taxes and fees", K19 "VAT on acquired values".
Step 4
If you paid for this consignment of goods, reflect this in the accounting as follows:
D60 "Settlements with suppliers", K50 "Cashier" or 51 "Current account".
Step 5
After you find a marriage, issue an invoice to the buyer. Reflect it in the sales book. In the invoice, indicate that the item is a return. In accounting, reflect the transaction as follows:
D76 "Settlements with creditors", K41 "Goods".
Step 6
In order to recover the VAT amount, make the posting:
D76 "Settlements with creditors", K68 "Settlements for taxes and fees".
Step 7
Well, how to reflect the return of goods to the supplier? After receiving the invoice from the buyer, reflect it in the purchase book and make the posting:
D62 "Settlements with customers", K90 "Sales".
Step 8
Then adjust the cost of the returned item:
D90 "Sale", K41 "Goods".
Step 9
After that, adjust the VAT amount:
D90 "Sales", K68 "Calculations of taxes and fees".
Step 10
Reflect the payment of the amount of money for the goods in accounting as follows:
D62 "Settlements with customers", K50 "Cashier" or 51 "Current account".
