Tax exemption refers to the encouragement or special care given by the state to some taxpayers or taxpayers in order to realize certain political and economic policies. Tax reduction is to reduce part of the tax payable, and tax exemption is to exempt all taxes.
According to the current regulations, the input tax can only be calculated in transport invoice for invoices obtained by general VAT taxpayers.
Tax credit refers to the input tax that should be refunded in raw materials, spare parts, fuel and power consumed by production enterprises to export goods for their own use, so as to offset the taxable amount of domestic goods. When a general VAT taxpayer obtains a special VAT invoice, the cost is the total cost excluding tax. If the special VAT invoice of 17% is not obtained, the cost will definitely be higher.
With the qualification of general taxpayer, the input of VAT invoice can be deducted.
Legal basis: Article 20 of the Measures for the Administration of Invoices in People's Republic of China (PRC). All units and individuals engaged in production and business activities shall ask the payee for invoices when purchasing goods, receiving services and paying other business expenses. When obtaining the invoice, you are not allowed to change the name and amount.