Do it that month.

Since it usually takes three months to apply for an export tax rebate, if the input tax is not transferred out in time, it will affect the main business costs and the profit and loss statement of the month.

It is recommended to set up an account for other payables - input tax to be transferred out. Do not set it under the VAT payable details to avoid affecting the VAT calculation for the current month.

According to the relevant provisions of Announcement No. 88 of 2019 of the Ministry of Finance and the State Administration of Taxation, taxpayers should transfer the tax refund amount from the input VAT amount in the month when they receive the tax refund. Those who fail to transfer out in accordance with regulations will bear corresponding legal responsibilities in accordance with the relevant provisions of the "Tax Collection and Administration Law of the People's Republic of China".