Does the price adjustment and rebate pay VAT? How to pay? How to make entries?

According to the State Administration of Taxation's "Notice on the Collection of Turnover Tax on Part of the Fees Collected by Commercial Enterprises from Suppliers of Goods" (Guo Shui Fa [2004] No. 136), the fees charged by commercial enterprises from suppliers are There is no necessary connection with the sales volume and sales of goods, and the income from commercial enterprises providing certain services to suppliers, such as entry fees, advertising promotion fees, shelf fees, display fees, management fees, etc., does not belong to flat sales rebates and does not To offset the current VAT input tax, business tax should be levied according to the applicable tax item rate of business tax. The various rebates collected by commercial enterprises from suppliers that are linked to the sales volume and sales of goods (such as calculated at a certain ratio, amount, and quantity) should be offset against the current VAT input in accordance with the relevant regulations on flat sales rebates. Taxes, no sales tax is levied. The calculation formula for the input tax that should be offset is adjusted to:

The input tax that should be offset for the current period = the returned funds obtained for the current period ÷ (1 + the applicable VAT rate for the purchased goods) × the applicable VAT rate for the purchased goods.

The tax treatment of various incomes collected from suppliers by other general VAT taxpayers shall be governed by the provisions of this notice.

From the above provisions, after calculating the corresponding input tax amount according to the calculation formula:

Debit: other business expenses

Credit: tax payable—— Value-added tax payable

Comprehensive accounting entries for sales rebates Sales rebate forms

In order to motivate dealers, many companies will formulate rebate reward policies, with the purpose of mobilizing their enthusiasm through rebates. Rebate means that the manufacturer rewards dealers in cash or in kind based on certain evaluation criteria. It has the characteristic of delayed cashing out. By processing sales rebates, the company's sales revenue is reduced, thereby reducing sales profits.

In commercial activities, in order to achieve the purpose of promotion and timely payment collection, enterprises adopt the following methods: discount sales, including commercial discounts, cash discounts and sales discounts; commercial rebates, at a par price lower than the purchase price. Price sales include cash rebates and physical rebates.

According to different accounting treatments, commercial rebates can be specifically described as:

1. In the form of physical gifts when reaching a specified amount. For example: within one month, sell 30 induction cookers and give away 10 sets of matching cabinets;

2. Direct refund of payment. For example: In the reader's letter, if the profit of 21,000 yuan is directly returned to the department store in cash or bank deposit, it will be a direct return of the purchase price;

3. In the form of offsetting the purchase price. For example: if you purchase 20,000 pieces in a certain period (usually one year), the rebate will be 1% of the purchase amount, and if you purchase 50,000 pieces, the rebate will be 1.5% of the purchase amount, and so on. The rebate will be directly deducted from the secondary payment. .

Sales rebate processing

According to the tax law, after selling goods and issuing a special invoice to the buyer, if a return or sales discount occurs, the buyer has paid or the payment has not been paid. If the accounting has been processed and the invoice copy and deduction copy cannot be returned,

the purchaser must obtain the "Purchase Exit or Request for Discount Certificate" issued by the local tax authority and send it to the seller , as the legal basis for the seller to issue a special invoice with red letters, and issue a special invoice with red letters.

1. Gifts in kind when the specified quantity is reached

If the sales rebate is returned by returning the goods sold, according to the provisions of the tax law, it shall be treated as a sale and VAT shall be calculated and paid.

Pay sales rebate to:

Debit: operating expenses

Credit: inventory goods

Tax payable - value-added tax payable (Output tax)

Tax adjustments will be made to donated goods at the end of the period.

The party that receives the sales rebate:

The party that receives the physical sales rebate can offset the relevant inventory costs and must calculate and pay value-added tax.

It needs to be handled in two situations:

(1) If the supplier issues a special value-added tax invoice, then:

Borrow: Inventory goods

Tax payable ——VAT payable (output tax)

Credit: main business costs

(2) If a special VAT invoice is not issued, then:

Debit: Inventory goods

Credit: Main business costs

2. Directly refund the purchase price

The party paying the sales rebate:

If the sales rebate is in the form of payment of monetary funds, the party paying the sales rebate shall be based on the obtained "Purchase Exit or Request for Discount Certificate" Treated as an expense.

Debit: operating expenses

Credit: bank deposits, etc.

However, in practical operations, the accounting treatment methods for this rebate method are different, and some accountants The personnel do the following processing:

Debit: main business income

Credit: bank deposit

Because the cash rebate occurs after the purchase date, it cannot be specified. On the same special VAT invoice. Therefore, rebates cannot offset value-added tax, but can only offset main business income.

The party that receives the sales rebate:

The party that receives the sales rebate will offset the sales cost. If the other party issues a red invoice, the input tax should be transferred out.

Debit: bank deposit

Credit: main business costs

Tax payable - value-added tax payable (input tax transferred out)

3． The form of offset payment.

Guoshuifa [2004] No. 136 stipulates that various rebates collected by commercial enterprises from suppliers are linked to the sales volume and sales of goods (such as calculated in a certain proportion, amount, quantity) , the current value-added tax input tax should be offset in accordance with the relevant regulations on flat sales rebates, and no business tax will be levied. Accounting should be treated as sales discount.

According to the tax law, if the sales amount and the discount amount are stated separately on the same invoice, the seller can calculate the value-added tax based on the balance after the discount as the sales amount. If the discount amount is invoiced separately, regardless of No matter how it is handled financially, the discount shall not be deducted from the sales amount, and the purchaser shall calculate the input tax based on the balance after discount.

If sales rebates are directly deducted from sales invoices, they are similar in nature to sales discounts, and their accounting treatment is the same as that of discount purchases and sales of general commodities. The income of the party who pays the sales rebate shall be included in the sales revenue according to the net amount after deducting the sales rebate; the cost of the party receiving the sales rebate shall be included in the purchase cost according to the net amount after deducting the sales rebate.

If the rebate amount is invoiced separately, for the rebate that is cashed in the form of direct offset against the purchase price, the rebate fees incurred after the invoice is issued, or the rebate amount needs to be clarified after the period, the seller shall pay according to the purchaser The "Certificate of Purchase Exit or Claim for Discount" issued by the competent tax authority will issue a red invoice to offset the income, and offset the output tax accordingly.

The party paying the sales rebate:

The party paying the rebate exits with the purchased goods or asks for a discount certificate, and issues a discount VAT invoice with red letters.

Debit: Main business income

Tax payable - value-added tax payable (output tax)

Debit: bank deposit

< p>The party that receives the sales rebate:

The party that receives the rebate can hold a red-letter discount VAT invoice certified by the tax bureau to deduct the input tax.

Debit: bank deposit

Tax payable - value-added tax payable (input tax transferred out) (red text)

Debit: other business income (or Inventory items)