Bills head into not only is accounting documents important that there is evidence for enterprises to ensure the rights of tax. However, the status of “sales no invoice input” is becoming popular, especially in the small and medium business. This article Accnet will analyze in detail the concept, causes, consequences, optimal solutions to business can handle this situation legal.
1. Sales no bills head into what is?
1.1. Concept
Sales no invoice input is condition business does not get valid invoice from suppliers or partners when purchasing goods and services.
1.2. The causes that lead to status no invoice input
- Purchase from suppliers small-odd: Many providers, especially in the agricultural sector, business freedom, not likely/not performed a legal invoice.
- Transactions through personal: Many businesses choose to buy items from individuals/organizations not officially to reduce cost or because there is no supplier orthodox.
- Lack of process management bills: some businesses have not yet built a control system to require mandatory supplier invoice in the contract of sale.
Practical example:
- A manufacturing business buys raw materials from the small business but do not receive a bill.
- Transportation services hire from individuals not invoice VAT.
2. Risks and consequences when sales no invoice input
2.1. Legal risks
Sales job no bills head to put business before the legal risks, including:
- Violation of regulations, legislation, bills, tax: According to the Decree 125/2020/ND-CP, the business can be an administrative fine from 4 million to 20 million if not in compliance with provisions of the bill.
- Arrears of tax, penalty interest: When there is no invoice, valid input, the tax authority may access, collect the taxes, VAT, corporate income tax (CIT), at the same time, additional interest penalty.
- Possibility of inspection: The lack bills head into are often seen as signals of risk, easily lead to the business being authorities check, interruption of business operations.
- Business has no valid invoice will not be deductible input VAT, leading to increased tax expenditures.
- Make partners, customers apprehension cooperation.
- Businesses have to spend more resources to handle the problems related to a lack of bills to rework the book, explain to the tax authorities.
3. Solutions for business when sales no invoice input
3.1. Tabulated purchasing goods without invoice
According to circular no. 78/2014/TT-BTC, the business can set up a list of purchasing goods and services, no bills in some special cases, such as:
- Purchased from individuals, small business and retail.
- The transaction does not often have small value.
The content should be in the list:
- Name, address, tax identification number (if any) of the seller.
- Name of goods, quantity and value of transactions.
- The date of the transaction.
3.2. Made legalize invoice when sales no invoice input
Businesses need to work closely with suppliers to ensure bills valid input:
- Signing the contract of sale obvious: ask supplier invoices, right in the contract.
- Service using electronic bill: Make sure the transaction of purchase and sale is made in full.
3.3. Training, construction management process invoice input
- Set regulations require suppliers to invoice prior to payment.
- Staff training, accounting, management, raise awareness about the legal risks, compliance with provisions of the bill.
- Businesses need to make internal test for early detection of problems related to sales no invoice input.
4. The state does not have the bill of sale input in Vietnam business
According to the report from the General department of Taxation Vietnam, the number of violations related to the bill of sale input invalid increased by an average of 15% per year, with the common case:
- Sales no invoice input: Accounted for 35% of the small and medium business.
- Bill input invalid, illegal: Causing losses of hundreds of billions of dong VAT per year.
- Not yet implemented electronic invoicing: About 60% of small businesses still use paper invoices, increases the risk of errors, loss.
5. Manage bill of sale effective input with LV eInvoice
To months 6/2024, 95% of businesses in Vietnam is expected to convert completely to electronic invoices according to the roadmap of the Ministry of Finance. One of the typical solutions is LV eInvoice, with the following key features:
- Storage, lookup, invoice easily and minimize the risk of lost or misplaced a bill.
- Bill detection, false, invalid, to avoid legal risks.
- Create tax reports, VAT, CIT, fast, accurate.
- Ensure invoices are stored on digital platforms, security, easy access when needed.
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The status of "sales no invoice input" not only cause the legal risks but also increase costs, reduce corporate reputation. However, with the right solution through articles on business can fully control good condition. Let's experience right software, LV eInvoice to manage your bills easily, quickly and compliance with the law!
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