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?
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".
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".
Then add the VAT amount on the goods received:
D68 "Calculations of taxes and fees", K19 "VAT on acquired values".
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".
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".
In order to recover the VAT amount, make the posting:
D76 "Settlements with creditors", K68 "Settlements for taxes and fees".
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".
Then adjust the cost of the returned item:
D90 "Sale", K41 "Goods".
After that, adjust the VAT amount:
D90 "Sales", K68 "Calculations of taxes and fees".
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".