1, debit: tax payable-value-added tax payable (input tax);
2. Loan: Taxes payable-VAT payable (input tax transferred out);
3. VAT-exempt enterprises need to go to the tax bureau for certification after receiving special invoices;
4. After certification, the input tax will be treated as transfer-out.
Accounting treatment for the transfer-out of input tax on certified invoices;
1. Debit "Taxes payable-VAT payable (input tax)";
2. Credit "other payables-input tax transfer out".
To sum up, the accounting entries for the transfer-out of the input tax of certified invoices are debit: tax payable-value-added tax payable (input tax), and credit: tax payable-value-added tax payable (input tax transfer-out). After receiving the special invoice, the value-added tax-exempt enterprise needs to go to the tax bureau for certification, and after certification, the input tax amount will be treated as transfer-out.
Legal basis:
Provisional Regulations of the People's Republic of China on Value-added Tax
Article 4
Except as stipulated in Article 11 of these Regulations, the taxable amount of taxpayers selling goods, labor services, services, intangible assets and real estate (hereinafter referred to as taxable sales) shall be the balance after the current output tax is deducted from the current input tax. Calculation formula of tax payable: tax payable = current output tax-current input tax. When the current output tax amount is less than the current input tax amount, the insufficient part can be carried forward to the next period for further deduction.