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What is the process of VAT billing system?
The process of VAT billing system:

1, enter the billing system.

2. Click Invoice Management.

3. Click on the invoice to fill in.

4. Verify that the invoice number is correct.

5. Fill in the buyer information.

6. Fill in the contents of the invoice.

7. Note that the price includes tax.

8. Select the inspector's information.

9. Print the invoice and issue the invoice.

value-added tax

Value-added tax is a turnover tax based on the value-added amount of goods (including taxable services) generated in the circulation process. From the tax principle, value-added tax is a turnover tax levied on the added value of many links such as commodity production, circulation and labor services or the added value of commodities. Extra-price tax is implemented, that is, it is borne by consumers, and tax is levied only if there is value added, and tax is not levied if there is no value added.

Value-added tax is a tax levied on the value-added of units and individuals who sell goods or provide processing, repair and replacement services and import goods. Value-added tax has become one of the most important taxes in China, accounting for more than 60% of all taxes in China, and it is the largest tax. Value-added tax is levied by the State Taxation Bureau, and 50% of the tax revenue comes from the central government and 50% from local governments. The import value-added tax is collected by the customs, and all the taxes are the central fiscal revenue.

The Ministry of Finance of People's Republic of China (PRC) and State Taxation Administration of The People's Republic of China issued the Notice on the Policy of Degenerate VAT Rate. 1, 20 17 Since July, the structure of value-added tax rate has been degenerated, the value-added tax rate of 13% has been cancelled, and the scope of goods to which 1 1% tax rate applies and the provisions for deducting input tax have been clarified. 20 18, 1 Since May, the value-added tax rate of manufacturing and other industries has decreased from 17% to 16%, and the value-added tax rates of transportation, construction, basic telecommunications services and agricultural products have decreased from 1 1% to/.

Provisional Regulations on Value-added Tax in People's Republic of China (PRC) _ People's Daily Online