An invoice is a primary accounting document on the basis of which data on the purchased goods (services rendered, works performed) are entered. As a rule, this document confirms the deduction of VAT. But there are times when the tax rate is not indicated on the invoice. What does this mean?
Some organizations, such as individual entrepreneurs, operate under a different tax regime than legal entities. They do not pay VAT, but pay a single tax (of course, not all individual entrepreneurs). So, such suppliers have the right to issue an invoice without VAT, and in the column where the rate of value added tax is indicated, a stamp or the inscription “without VAT” is put.
If you put in the column "0%", then it will be considered a gross mistake. Since such a tax rate is set only in some cases, for example, when exporting goods, that is, exporting them outside the Russian Federation.
Legal organizations can also receive exemption from value added tax. In this case, at least three months must elapse from the date of registration of the enterprise with the tax office. There is also a prerequisite for the abolition of VAT: if your revenue (excluding tax) does not exceed 3 million rubles.
What documents are required for VAT exemption? You must submit the following papers to your tax office:
- notification of the use of the right to exemption from VAT (free form);
- extract from the balance sheet (unified form No. 1);
- documents for the last three months, confirming compliance with the limit;
- extract from the sales book;
- copies of the registration logs of issued and received invoices.
All documents must be certified by the seal of the organization and the signature of the head.
It should be noted that if you do not pay value added tax, then you have the right not to issue an invoice. But if, when concluding an agreement with a buyer or customer, you discussed and indicated this primary document, then you will have to exhibit, otherwise, it will be a violation of one of the terms of the agreement.
