If the input tax is transferred out, it is deemed that the ordinary invoice obtained at the time of purchase is increased to the purchase cost at that time.
An enterprise has purchased 5,000 yuan of raw materials, and the input VAT is 5,000 * 13% = 650 yuan, and the payment has not been paid, and the accounting entries at the time of procurement are:
Borrow: Raw materials 5000
Debit: Tax Payable - VAT Payable (Input Tax) 650
Credit: Accounts payable 5650
1. I received a call from the tax bureau that this invoice is an abnormal invoice and is not allowed to deduct input tax.
Borrow: Raw materials 650
Credit: Tax Payable – VAT Payable (Input Tax Transferred Out) 650
Assumption 1: When you receive the notice that deduction is not allowed, the batch of raw materials has been used
Borrow: Production cost - xx product 650
Credit: Tax Payable – VAT Payable (Input Tax Transferred Out) 650
Assumption 2: When you receive a notice that no deduction is allowed, the batch of raw materials has been processed and sold or cannot be traced
Borrow: Cost of sales 650
Credit: Tax Payable – VAT Payable (Input Tax Transferred Out) 650
Assumption 3: After receiving the notice that the deduction is not allowed, the company decides to return the product.
Borrow: Raw materials - 5000
Credit: Tax Payable – VAT Payable (Input Tax Transferred Out) 650
Credit: Accounts payable - 5650