If you are a general taxpayer, you can get a special ordinary ticket for the transportation industry (because the transportation industry belongs to local tax management), which can be deducted by 7% of the face value.

That is, the face value 1000 yuan can be deducted 1000*7%=70.

Entry:

Debit: Material Related 930

Taxes payable-VAT payable-Input 70

Loans: bank deposits

The following is the relevant explanation in the 2008 tax law, I hope it will be useful to you.

4. The transportation expenses paid by the general VAT taxpayer for outsourcing goods (except fixed assets) and the transportation expenses paid by the general taxpayer for selling goods (except the prepaid freight which is not included in the sales volume as mentioned in "1" in this section of this chapter) are allowed to be deducted according to the freight amount listed in the freight settlement form (ordinary invoice) at the deduction rate of 7%, but the handling fees, insurance fees and other miscellaneous fees paid with the freight shall not be deducted.

Input tax allowed to be deducted = freight × deduction rate

Regarding this provision, it needs to be explained that:

(1) The purchased fixed assets shall not be deducted from their own input tax, so the transportation expenses paid shall not be deducted from the input tax; In addition, the input tax deduction shall not be calculated for the transportation expenses incurred in purchasing or selling duty-free goods (except for purchasing duty-free agricultural products).

(2) Freight settlement vouchers (ordinary invoices) allowed as deduction vouchers refer to freight tickets issued by state-owned railway, civil aviation, highway and water transport units, and freight tickets issued by non-state-owned transport units engaged in cargo transportation with the stamp of national unified invoice producer.

(3) The freight amount allowed to calculate the input tax deduction refers to the freight and construction fund indicated on the invoice issued by the transportation unit.

(4) Since June 1 2003, the printing, purchase, issuance, purchase, storage and cancellation of invoices for road and inland waterway cargo transportation (hereinafter referred to as cargo transportation) shall be uniformly managed and supervised by the local tax bureaus. Who has entrusted other departments to manage, must be recovered according to law.

From June 1 2003, taxpayers providing cargo transportation services must be approved by the local tax bureau before issuing cargo transport invoice. Invoices issued by taxpayers who are not recognized by the local tax bureau shall not be used as accounting vouchers and VAT deduction vouchers.

(5) From February 1 2003, the State Administration of Taxation will compare all goods transport invoice issued by transport invoice and business tax taxpayers that the general VAT taxpayers apply for deduction. If there is any discrepancy, no penalty will be deducted. Check the abnormal situation by comparison, and punish the units that issue or obtain invoices for the cargo transportation industry in violation of relevant laws and regulations.

(6) When the general VAT taxpayer declares to deduct the transport invoice VAT input tax obtained on June 1 2003, he should fill in the paper voucher and electronic information of the VAT transport invoice deduction list to the competent State Taxation Bureau. Undeclared input tax shall not be deducted.

(7) transport invoice issued after1October 3, 20031day, obtained by taxpayers, shall be reported to the competent State Taxation Bureau for deduction within 90 days from the date of invoicing, and shall not be deducted after 90 days.

(8) General taxpayers purchase and sell goods by railway (except fixed assets in areas outside Northeast China) and obtain transport invoice issued by the railway department. The name of the railway shipper or consignee in transport invoice issued by the railway department is inconsistent with it, but if the name of the taxpayer is indicated in the shipper column or remarks column of the railway transport invoice (handwriting is invalid), transport invoice can be used as the input tax deduction certificate. Allow calculation of input tax deduction.

(9) Transportation expenses paid by general taxpayers in the process of production and operation are allowed to be deducted from the input tax.

(10) The international freight forwarding invoices and international goods transport invoice obtained by general taxpayers shall not be deducted from the input tax.

(1 1) transport invoice obtained by ordinary taxpayers. Where there is a transport list issued by a transport enterprise and stamped with a special financial seal or invoice, it is allowed to calculate the input tax deduction.

(12) The input tax deduction shall not be calculated in transport invoice (except transport invoice with a transport list) where the items obtained by ordinary taxpayers are incomplete.

(13) Since June, 2007 1 day, the freight invoices obtained by general VAT taxpayers as VAT deduction vouchers must be new freight invoices issued by the freight invoice tax control system.