Account 133 – Deductible VAT is what account used for? How to account for account type 133? The following content of MISA MeInvoice will provide you with a specific answer to this question.
See more: How to account for detailed VAT transfer entries
Table of Contents Hide
1. Accounting principles for account 133 – Deductible value added tax
2. Structure and content of indonesia telegram data account 133 – Deductible Value Added Tax
3. Accounting method for some main economic transactions of account 133 – Deductible Value Added Tax
Conclusion
1. Accounting principles for account 133 – Deductible value added tax
accounting principles account 133
a) Account 133 is the account used to reflect the remember to be the first you want deductible, deducted and remaining deductible input Value Added Tax of the enterprise.
b) Accountants must separately account for deductible input Value Added Tax and non-deductible input Value Added Tax.
In case it is not possible to account separately, the input VAT amount is bw lists accounted for in account 133. At the end of the period, the accountant must determine the deductible and non-deductible VAT amount
according to the provisions of the law on VAT.
c) The non-deductible input Value Added Tax is calculated into the value of purchased assets, cost of goods sold or production and business costs depending on each specific case.
d) The accountant’s determination of the deductible input Value Added Tax amount, declaration, settlement and tax payment must comply with the provisions of the law on Value Added Tax.
2. Structure and content of account 133 – Deductible Value Added Tax
The Debit side includes:
– The input Value Added Tax of the enterprise is deductible.
The Parties include:
– Deducted input VAT;
– Carry forward non-deductible input Value Added Tax
– Account 1331 – Deductible Value Added Tax of goods and services: Reflects the deductible input Value Added Tax of the enterprise of materials, goods and services purchased from outside for use in the production and trading of goods and services subject to Value Added Tax calculated according to the tax deduction method .
– Account 1332 – Deductible Value Added Tax of fixed assets: Reflects input Value Added Tax of the investment and purchase process of fixed assets used in the production and trading of goods and services subject to Value Added Tax calculated by the tax deduction method, of the purchase process of investment real estate.
3. Accounting method for some main economic transactions of account 133 – Deductible Value Added Tax
accounting account 133
Economic transactions How to write
When a business purchases inventory, fixed assets , and fixed real estate, if input Value Added Tax is deductible
Debit Account 152 , Account 153 , Account 156 , 211, 217, 611 (price excluding Value Added Tax)
Debit Account 133 – Deductible Value Added Tax (1331, 1332)
There are Accounts 111 , 112, 331,… (Total payment price).
