Receiving tax-free invoice entries:

Debit: inventory goods and raw materials;

Debit: payable taxes-payable value-added tax-input tax can be calculated to offset the input tax;

Loan: accounts payable, etc.;

Tax exemption means that when calculating taxable income, the tax-free income can be deducted from the total amount, and then the tax can be calculated.

Tax-free income includes: income from debt interest, turnover tax exempted or returned for specified purposes, subsidy items not included in profits and losses, various funds and fees included in the financial budget or financial special account management, income from technology transfer, income from the treatment of "waste residue, waste gas and waste water", tax-free items of institutions and social organizations stipulated by the State Council, Ministry of Finance and State Taxation Administration of The People's Republic of China, etc.