Deduct the sales amount indicated in the sales invoice according to the deduction rate of 13%. Whether the "sales invoice" is a special VAT invoice or an ordinary invoice, it is clearly stipulated in the Ming Chuan telegram that the state-owned grain purchase and sale enterprises enjoying tax exemption can continue to use the special VAT invoice. Since 1 August, 19991day, all state-owned grain buying and selling enterprises have temporarily issued special invoices for value-added tax.
The accounting method of enterprise sales, Ming Chuan telegram also made specific provisions. State-owned grain purchase and sale enterprises shall issue special invoices for value-added tax according to non-duty-free commodities, and the bookkeeping sales of enterprises shall be "total price and tax". This provision is different from the usual practice of recording prices and taxes separately.
In order to take care of duty-free grain purchased from state-owned grain purchase and sale enterprises, Ming Chuan Telegraph stipulates that the duty-free grain purchased from state-owned grain purchase and sale enterprises by production and business units belonging to general taxpayers can be deducted from the input tax according to the tax amount indicated on the special VAT invoice issued by state-owned grain purchase and sale enterprises.
The Notice on Exemption of Value-added Tax for Grain Enterprises jointly issued by the Ministry of Finance of People's Republic of China (PRC) and State Taxation Administration of The People's Republic of China stipulates that "the duty-free grain purchased by the production and business units belonging to general taxpayers from state-owned grain purchase and sale enterprises can be deducted from the input tax according to the sales amount indicated in the sales invoices issued by the purchase and sale enterprises at the deduction rate of 13%". Whether the "sales invoice" is a special VAT invoice or an ordinary invoice, the Mingchuan telegram clearly refers to the state-owned grain that enjoys tax exemption. Since 1 August, 19991day, all state-owned grain buying and selling enterprises have temporarily issued special invoices for value-added tax.
The accounting method of enterprise sales, Ming Chuan telegram also made specific provisions. State-owned grain purchase and sale enterprises shall issue special invoices for value-added tax according to non-duty-free commodities, and the bookkeeping sales of enterprises shall be "total price and tax". This provision is different from the usual practice of recording prices and taxes separately. In order to take care of duty-free grain purchased from state-owned grain purchase and sale enterprises, Ming Chuan Telegraph stipulates that the duty-free grain purchased from state-owned grain purchase and sale enterprises by production and business units belonging to general taxpayers can be deducted from the input tax according to the tax amount indicated on the special VAT invoice issued by state-owned grain purchase and sale enterprises.