If a taxpayer has sold goods, services or works that are taxed at a rate of 0%, then he is obliged to collect a package of documents within the prescribed time frame that confirm the right to apply this tax rate. Otherwise, section 7 is included in the tax return, where unconfirmed amounts of income are indicated.
Instructions
Step 1
Follow Appendix No. 1 to the Procedure for filling out a VAT return for entering information in section 7 of the reporting. At the same time, this section is filled in by all taxpayers who have not collected a package of documents within the established timeframe, confirming the right to apply the 0% tax rate. In this case, the company is obliged to collect documentary evidence within 90 (or 180) days and submit an updated declaration. For each calendar day of delay in the obligation to pay tax, a penalty is charged.
Step 2
Enter the data on line 010 of section 7 of the VAT return. Column 1 indicates the code of the operation for which the income was received at a rate of 0%. In column 2, indicate the tax base calculated for this profit. Columns 3 and 4 indicate the amount of tax that is payable to the budget at the specified tax rate.
Step 3
For each transaction code, column 5 shall indicate the amount of tax presented to the taxpayer for work, services and goods that were used to carry out the taxable transaction. Column 5 also indicates the tax that was paid as a tax agent, when importing goods into the territory of the Russian Federation, when carrying out commodity exchange operations or offsetting mutual claims.
Step 4
Fill in line 020 of section 7 of the VAT return. In columns 2, 3, 4 and 5, it is necessary to indicate the total amount of the corresponding columns of line 010 for all operations. If the sum of the values in columns 3 and 4 is greater than the value of column 5, then in line 030 the corresponding difference is indicated.
Step 5
The total value of line 030 is used to calculate the indicator of line 040 of section 1 of the VAT declaration. If the sum of columns 3 and 4 is less than the value of column 5, then the difference is indicated in line 040, which is taken into account when calculating the value of line 050 of section 1 of the VAT declaration.
Step 6
Confirm with documents the validity of the application of the 0% rate for the operations specified in section 7. On the basis of these documents, an updated declaration is submitted to the tax office within the prescribed time frame.
