CHAPTER 4: CURRENT STATUS OF TAX ACCOUNTING AND TAX SETTLEMENT AT TRANQUANGLOGISTICS COMPANY
4.1 VAT accounting
4.1.1 Characteristics of VAT work organization
Applicable tax rate: The tax rate applied mainly at Tranquanglogistics company is 10%.
For purchased goods: Telecommunication fees, electricity, postal services, etc.
For goods sold: Stainless steel sheets, stainless steel coils, delivery order fees, container cleaning fees, agent document fees...
4.1.2 Documents used
Sales VAT invoice (Form No. 01GTKT3/001)
Input VAT invoice (Form No. 01GTKT0/001, 01GTKT2/004,…)
List of invoices and documents of goods and services sold (Form No. 01-1/GTGT)
List of invoices and documents for purchased goods and services (Form No. 01-2/GTGT)
VAT declaration (Form No. 01/GTGT)
Other related documents such as payment vouchers, receipts, debit notes, credit notes, payment orders, etc.
4.1.3 User account
TranQuangLogistics Company Limited applies the VAT deduction method, so the company opens the following accounts:
For input VAT
Account 133 – “Deductible VAT”
For output VAT
Account 3331 – “VAT payable”
4.1.4 Some arising transactions
Some transactions arising INPUT VAT in the 4th quarter of 2015
Excerpts from some transactions that generate input VAT in the fourth quarter of 2015 are as follows: NV1:On October 8, 2015, paid telecommunication service fee for September 2015 according to invoice No: 0780066 with the amount excluding VAT of 173,646 VND, VAT rate is 10%. Paid in cash.
TELECOMMUNICATION SERVICE INVOICE (VAT) TELECOMMUNICATION SERVICE INVOICE
Model number: 01GTKT0/001 Symbol: AB/15E Number: 0780066 | |||||
VNPT Business Center Ho Chi Minh City - Branch of Telecommunication Services Corporation Tax code : 01- 0686973 8005 Address: 121 Pasteur, Ward 06, District 3, HCMC Customer name: TRAN QUANG GNVT CO., LTD Address: 260/8C BINH QUOI, Ward 28, Binh Thanh District, HCMC Subscriber number: 35565748 Payment method: TM Tax code 0309517756 | |||||
STT | Service used | Unit | NUMBER QUANTITY | UNIT PRICE | WALL MONEY |
1 | 2 | 3 | 4 | 5 | 6=4 5 |
1 | SERVICES - IT SESSION SEPTEMBER 2015 | 173,646 | |||
Service fee: | 173,646 | ||||
VAT rate: 10% VAT amount: | 17,365 | ||||
Total payment | 191.011 | ||||
Amount in words: One hundred ninety one thousand and eleven dong | |||||
Signature Valid Date 10/08/2015 | |||||
Maybe you are interested!
-
Current Status of Organizing Material Accounting Work at Son Thuy Production and Trading Joint Stock Company -
Current Status of Fixed Asset Accounting Organization at Sanofi-Aventis Vietnam Company Limited: -
Deferred Corporate Income Tax Expense Accounting Flowchart -
Current Accounting Status Determining Business Results At Thanh Son Company Limited. -
Current status of production cost accounting and pricing of food and beverage products and services at DMZ Tourism Joint Stock Company - 11
Based on the invoice, the accountant makes a payment voucher:
TRAN QUANG TRANSPORTATION AND LOGISTICS COMPANY LIMITED
Address : 260/8C Binh Quoi, Ward 28, Binh Thanh District, HCMC
Tax code : 0309517756
Phone : 08 35565748
Form No. 02-TT (Issued under Decision No. No. 48/2006/QD-BTC September 14, 2006 of the Minister of Finance) | ||||
PAYMENT VOUCHER | Number: C102015.03 Debt 642: 173,646 Debt 133: 17,365 There are 111: 191,011 | |||
Recipient's name: VNPT BUSINESS CENTER HCMC Address: 121 Pasteur, Ward 06, District 3, Ho Chi Minh City, VN Reason for payment: paying telecommunication service fee for September 2015 Amount: 191,011 VND In words: One hundred ninety one thousand and eleven dong./. Original documents attached: Contract No: 0780066 Ho Chi Minh City October 8, 2015 | ||||
Voter (Signature, full name) | Recipient (Signature, full name) | Treasurer (Signature, full name) | Chief Accountant (Signature, full name) | Director (Signature, full name) |
Based on invoices and payment vouchers, accountants record: Debit account 642: 173,646
Debit account 133: 17,365
Credit account 111: 191,011
NV2:On October 27, 2015, paid electricity bill to Gia Dinh Electricity Company according to invoice No: 5287186 with the amount excluding VAT of 554,480 VND, VAT rate is 10%. Paid in cash.
VAT INVOICE (ELECTRICITY BILL)
Phase 1: October 2015
Term 11/2015 From September 25, 2015 to October 24, 2015
Model number: 01GTKT0/001 Symbol: AD/15E Number: 5287186 Contract ID: 317894864 | |||||||||
GIA DINH ELECTRICITY COMPANY Address: 81 Nguyen Dinh Chieu, Ward 04, Phu Nhuan District Phone: 1900545454 Tax code 0300951119004 | |||||||||
Customer name: TRAN QUANG TRADING AND TRADING CO., LTD Address: 260/8C BINH QUOI WARD 28_QBT Tax code: 0309517756 Customer Code: PE044000164665 Station code: J19EG213D | |||||||||
Index | New Index | Old index | Multiplier | DN consume | DN direct | DN minus | DN price | Unit price | Total amount |
KT | 11,071 | 10,832 | 1 | 239 | 0 | 0 | 239 | 2,320 | 554,480 |
Add | 554,480 | ||||||||
VAT rate: 10% VAT | 55,448 | ||||||||
Total payment | 609,928 | ||||||||
Amount in words: Six hundred and nine thousand nine hundred twenty eight dong. | |||||||||
October 27, 2015 Signed by: Branch of Ho Chi Minh City Power Corporation - Gia Dinh Power Company | |||||||||
Based on the invoice, the accountant makes a payment voucher:
TRAN QUANG TRANSPORTATION AND LOGISTICS COMPANY LIMITED
Address : 260/8C Binh Quoi, Ward 28, Binh Thanh District, HCMC
Tax code : 0309517756
Phone : 08 35565748
Form No. 02-TT (Issued under Decision No. 48/2006/QD-BTC September 14, 2006 of Minister of Finance) | ||||
PAYMENT VOUCHER | Number: C102015.10 Debt 642: 554,480 Debt 133: 55,448 There are 111: 609,928 | |||
Recipient's name: GIA DINH ELECTRICITY COMPANY Address: 81 Nguyen Dinh Chieu, Ward 04, Phu Nhuan District Reason for payment: Pay electricity bill for October 2015 Amount: 609,928 VND In words: Six hundred and nine thousand nine hundred and twenty eight dong./. Attached with original documents: Contract No: 5287186 Ho Chi Minh City October 27, 2015 | ||||
Voter (Signature, full name) | Recipient (Signature, full name) | Treasurer (Signature, full name) | Chief Accountant (Signature, full name) | Director (Signature, full name) |
Based on the invoice and payment voucher, the accountant records Debit account 642: 554,480
Debit account 133: 55,448
Credit account 111: 609,928
NV3:On October 28, 2015, paid the disinfection fee to VietNamControl Disinfection Inspection Joint Stock Company according to invoice number 0008684 with the amount excluding VAT of
260,000 VND, VAT rate is 10%. Paid in cash.
VIETNAMCONTROL DISINFECTION INSPECTION JOINT STOCK COMPANY
Tax code: 0310922300
Address: 145/5 Go Xoai, Binh Hung Hoa A Ward, Binh Tan District, Ho Chi Minh City Phone: 08.3911 7095 Fax: 08.3911 7096
Account number: 060048767373 at Sacombank, 121517019 at Asia Commercial Bank (ACB)
VALUE ADDED INVOICE
Copy 2: Delivered to Buyer October 28 , 2015
Model number: 01GTKT3/002
Symbol: VN/15P
Number: 0008684
Buyer's name: ………………………………………………………………… Unit name: TRAN QUANG TRADING AND TRADING ONE MEMBER COMPANY LIMITED
Address: 260/8C BINH QUOI, WARD 28, BINH THANH DISTRICT, HCMC
STT | Product name | goods, services | Unit calculate | Number quantity | Unit price | Total amount |
1 | 2 | 3 | 4 | 5 | 6=4 5 | |
Fumigation fee according to certificate Number VTC/15FU/25432 | Cont | 01 | 260,000 | 260,000 | ||
Car | g goods price: | 260,000 | ||||
VAT rate: 10% VAT: | Tax money | 26,000 | ||||
Total payment: | 286,000 | |||||
Amount in words: Two hundred eighty six thousand dong. | ||||||
Shopper | Salesman | Unit Head | ||||
(Signature, full name) | (Signature, full name) | (Signature, full name) Nguyen Duc Phuc | ||||
Tax code: 0309517756 Payment method: TM
n
Based on the invoice, the accountant makes a payment voucher:
TRAN QUANG TRANSPORTATION AND LOGISTICS COMPANY LIMITED
Address : 260/8C Binh Quoi, Ward 28, Binh Thanh District, HCMC
Tax code : 0309517756
Phone : 08 35565748
Form No. 02-TT (Issued under Decision No. No. 48/2006/QD-BTC September 14, 2006 of the Minister of Finance) | ||||
PAYMENT VOUCHER | Number: C102015.11 Debt 642: 260,000 Debt 133: 26,000 There are 111: 286,000 | |||
Recipient's name: VIETNAMCONTROL DISINFECTION INSPECTION JOINT STOCK COMPANY Address: 145/5 Go Xoai, Binh Hung Hoa A Ward, Binh Tan District, Ho Chi Minh City. Reason for payment: Disinfection fee Amount: 286,000 VND In words: Two hundred eighty six thousand dong./. Attached with original documents: Contract No: 0008684 Ho Chi Minh City October 28, 2015 | ||||
Voter (Signature, full name) | Recipient (Signature, full name) | Treasurer (Signature, full name) | Chief Accountant (Signature, full name) | Director (Signature, full name) |
Based on the invoice and payment voucher, the accountant records Debit account 642: 260,000
Debit account 133: 26,000
Credit account 111: 286,000
STT | Name of goods and services | Unit calculate | Quantity | Unit price | Total amount |
1 | 2 | 3 | 4 | 5 | 6=4 5 |
Tiles | M | 123 | 124,000 | 15,252,000 | |
Bathtub A | Female | 01 | 2,900,000 | 2,900,000 | |
Total cost of goods: | 18,152,000 | ||||
VAT rate: 10% VAT amount: | 1,815,200 | ||||
Total payment: | 19,967,200 | ||||
Amount in words: Nineteen million nine hundred sixty seven thousand two hundred dong. | |||||
NV4:On December 10, 2015, paid for office repair costs according to invoice No. 0000035 with an amount excluding VAT of VND 18,152,000, VAT rate is 10%. Paid in cash.
INVOICE Form No.: 01GTKT3/002
ADDED VALUE Symbol: XA/15P
Copy 2: Delivered to Buyer No: 0000035
December 10 , 2015
Sales unit: XUAN ANH CONSTRUCTION TRADING COMPANY LIMITED Tax code: 0310298386 Address: 229 Dinh Bo Linh, Ward 26, Binh Thanh District, HCMC Phone: 08 35112818 Account number: 060021303847 at Sacombank – Binh Hoa Branch – Ho Chi Minh City |
Buyer's name: ……………………………………………………………………………. Unit name: TRAN QUANG GNVT ONE MEMBER CO., LTD. Address: 260/8C BINH QUOI, WARD 28, BINH THANH DISTRICT, HCMC Account Number:………………………………………………………………………………………... Payment method: TM Tax code: 03095177756 Buyer Seller (Signature, full name) (Signature, full name) |