OFFICIAL LETTER 4943/TCT-KK DATED 23 NOV 2015 OF GDT GUIDING SOME TAX TREATMENTS AND ADDING TAX DECLARATION FILES
According to official letter 4943/TCT-KK guiding invoice of goods return or invoice adjustment:
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Basing on invoice of goods return or invoice adjustment, sellers conduct to declare to adjust sale and output VAT at the tax period incurred invoice of goods return or invoice adjustment.
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Basing on goods return invoice or adjustment invoice, buyers adjust purchase and input VAT at the tax period incurred invoice of goods return or invoice adjustment
For example: May 2015,Company A issued sale invoice to Company B in amount of 100 million VND with VAT of 10 million VND. Company A and Company B conduct to declare the invoice as regulations. In July 2015, Company B detected delivered goods with poor quality.
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In case, Company B returned the whole goods: Company B issued invoice of goods return to Company A with 100 million VND, and VAT 10 million VND. Basing on the invoice, Company A adjusts to reduce sale and VAT, Company B adjusts to reduce purchase and VAT at tax period of July 2015 (if still in the duration declaration) or August 2015.
In case, both sides agree to adjust to reduce sale: Company A issued invoice to reduce amounts and VAT as regulations. Basing on invoice adjustment, Company A adjusted to reduce sale and VAT, Company B adjusted to reduce purchase and VAT at tax period of July 2015 (if still in the duration declaration) or August 2015.
