The importance of invoice in the daily operation of an enterprise is self-evident. The financial affairs of enterprises are often carried out according to the receipts and expenditures of invoices, because with invoices, taxes, costs and revenues can be strictly controlled. As an entrepreneur, how can you not understand such an important link? Today we are going to look at the 5 risks of invoice.
Do not declare income as long as no invoice is issued?
No. According to relevant regulations, even if the uninvoiced income is obtained, it must be truthfully declared. General taxpayers need to fill in the attached table of VAT declaration form.
Small-scale taxpayers should fill in the corresponding columns according to different types of taxes levied, such as taxable value-added tax excluding sales (3% levy rate), taxable value-added tax excluding sales (5% levy rate)), second-hand fixed assets sales tax-free sales, tax-free sales, export tax-free sales. For example, small-scale taxpayers who have obtained duty-free income from sales of goods in the first quarter, but have not issued invoices, should fill in the column excluding tax sales (3% levy rate) to declare.
No. The input invoice obtained shall be judged whether the input tax is deductible or not according to the actual business situation of the enterprise. For example, input tax on the following items cannot be deducted from output tax:
1. Items subject to the simple method of taxation, items exempt from VAT, goods purchased for collective welfare or individual consumption, processing and repair services, services, intangible assets and immovable property.
2. Abnormal loss of purchased goods, as well as related processing, repair and repair services and transportation services.
3. Abnormal losses in consumption of products, finished products, purchased goods (excluding fixed assets), processing and repair services, transportation services, etc.
4. Abnormal losses of real estate, as well as purchased goods, design services and construction services consumed by real estate.
5. Abnormal losses of purchased goods, design services and construction services consumed by real estate projects under construction.
6. Purchase passenger service, loan service, catering service, resident daily service and entertainment service.
7. Other circumstances stipulated by the Ministry of Finance and the State Administration of Taxation.
Do I need to issue an invoice for VAT free items?
Yes, taxpayers are exempt from VAT and cannot issue VAT special invoice, but should issue VAT general invoice in accordance with relevant regulations.The invoice values and taxes are correct. Is the invoice in line with the requirements?
Invoices should be issued in serial number order, complete items, true content, legible. You also need to make sure that other information is filled in correctly. Pay special attention to whether the buyer information, goods or taxable services, service name column, remarks column, goods and services tax classification code is correct.
Do you understand the four major risks of the above invoice? Must pay attention to the relevant details in the daily operation of the enterprise, so as not to cause unnecessary trouble.
