How do small-scale taxpayers make tax-free accounting entries during the epidemic?

In order to strengthen the prevention and control of COVID-19 epidemic, the Ministry of Finance and State Taxation Administration of The People's Republic of China have successively issued a series of new tax policies. For small-scale taxpayers, nothing attracts more attention than tax exemption policy. Today, we will learn how to make tax-free accounting entries for small-scale taxpayers during the epidemic.

How do small-scale taxpayers get tax exemption during the epidemic?

Debit: accounts receivable and other subjects.

Loan: income from main business

Taxes payable-VAT payable

Borrow: Taxes payable-VAT payable

Loan: Non-operating income-VAT relief

Case analysis of tax exemption for small-scale taxpayers during the epidemic period

Case 1:

During the epidemic period, in March, general taxpayers in Hotel C provided catering services and enjoyed the preferential policy of exemption from VAT. Income/kloc-0.06 million yuan. Without considering other situations here, how to do the corresponding accounting treatment?

C hotel general taxpayers can do the following two kinds of treatment:

1. How to make accounting entries without VAT?

Debit: Bank deposit is RMB 6,543,800+RMB 0,600.

Loan: income from main business is 6,543,800 yuan+0,600 yuan.

2. How to make accounting entries for tax reduction and exemption when withholding VAT?

Debit: Bank deposit is RMB 6,543,800+RMB 0,600.

Loan: income from main business is 654.38+10,000 yuan.

Taxes payable-VAT payable (output tax) 6000 yuan.

Borrow: Taxes payable-VAT payable (tax reduction or exemption) 6000 yuan.

Loan: Other income-VAT reduced by 6000 yuan.

Case 2:

Company A, a small-scale taxpayer outside Hubei Province, sold protective equipment in March. How to deal with the relevant accounts?