Why does a debit balance appear on account 19?

Account 19 “Value added tax on acquired assets” is used to collect and process information about the tax paid or required to be transferred to the state budget. These amounts are included in the cost of the purchased property or material assets, as well as the services provided and work performed. The debit shows the amounts attributable to the purchase of property, and the credit shows the amounts accepted for deduction in correspondence with Dt 68.

The created products, works performed or services provided are sold to the buyer not at cost, but at the final price, which, in addition to cost, also includes added value. This premium represents the profit of the organization, which is used to expand the business or implement strategic decisions. The added value is subject to value added tax, which is displayed on account 19 “VAT on acquired values.”

It is active, and the following amounts are taken into account:

• the debit indicates the amounts collected for the purchase of tangible and intangible property;
• the loan takes into account the accumulated amounts, which will then be presented as a deduction.

With this approach, only the amount of tax is collected on the account, and the cost of the purchased property is indicated on accounts that are intended specifically for this.

It should be noted that taxation arises both when purchasing property and selling one’s own products, and therefore there is a certain connection between these two operations. Account 19 is intended to display the tax on purchased material assets, and it can be used as a deduction. It corresponds according to Dt with property accounting accounts. The transfer of collected amounts (Kt 19) corresponds with Dt 68 “Calculations for taxes and fees”, where at the same time the tax on goods or products sold is collected.

Normative base

Payments to the state budget regarding VAT are regulated by Ch. 21 of the Tax Code of the Russian Federation "Value Added Tax", Chart of Accounts, Decree of the Government of the Russian Federation "On the forms and rules for filling out (maintaining) documents used in calculations for value added tax" No. 1137 of December 26, 2011.

Postings and operations

Business transactions and activities related to this issue are recorded in accounting account 19 with such entries as:

1. Purchase of goods and materials

   Dt 01,02,10 Kt 60 - reflects the cost of the purchased property

   Dt 19 Kt 60 - the tax on the purchased property is indicated

   D 68 Kt 19 - indicates the tax that will be used as a deduction

2. When selling products or goods

   Dt 90 K 68 - tax is charged upon sale

Moreover, if VAT is also established during the sale, then it is necessary to consider the formation of the result on account 68. Typical wiring can be presented as follows:

Dt 68 Kt 19 - 30,000 rub. (VAT to be deducted is displayed)

Dt 90 Kt 68 - 50,000 rub. (VAT required to be paid is displayed)

Result = 50,000 rub. - 30,000 rub. = 20,000 rub. according to Kt 68

The result means that this exact amount of value added tax must be transferred to the budget. When transferring, the entry Dt 68 Kt 51 is drawn up - the purpose of payment indicates the standard wording “1/3 of VAT accrued for the 3rd quarter of 2016”

It should be noted that the amount of VAT on intangible assets or fixed assets can be deducted only if the acquired property is taken into account in full.

One of the most important accounts for both the accountant and the entire organization are the accounting accounts associated with VAT calculations. The final amount of tax payable, which is determined when filling out a tax return based on the results of work in each quarter, depends on the correctness of attributing individual amounts to accrual and write-off.

The amount of VAT for transfer to the budget can be reduced by the amount of the tax accepted for offset. To account for it, account 19 is used, which summarizes information on the amount of VAT on purchased values ​​issued by suppliers. This account is quite interesting. On the one hand, it can be considered as a receivable, because it is used in settlements with suppliers to allocate the amount of VAT to be reimbursed from the total cost of goods received and accepted works/services.

On the other hand, as an additional regulatory account, since it allows you to reimburse the cost of the tax paid to the supplier from the budget (under certain conditions). You need to know it well in order to correctly apply it for accounting purposes. This article will help you become better acquainted with this important and necessary account.

General information on account 19

This account is intended to reflect, for accounting purposes, information on the amounts of value added tax issued by suppliers/reflected in settlement documents. This amount is payable by the buyer along with the cost of the goods supplied to him, the works and services accepted. At the same time, at the end of each tax period, this value can serve to reduce the total amount of VAT intended for transfer to the budget.

Accounting entries for calculating and writing off VAT on purchased assets

The VAT amounts paid or intended to be paid are reflected in the debit of account 19 in correspondence with the accounts for accounting for settlements. The loan is used to write off the accumulated amounts, usually in conjunction with an account. 68-2 (intended for calculations with the budget). The following entries are made:

• Dt 19 - Kt 60 - reflection of amounts of received VAT in settlements with suppliers and contractors;
• Dt 19 - Kt 76 - with different creditors and debtors.
• Dt “accounts for accounting for material assets, services” - Kt 60, 76 - the cost of received materials and services.

Next, incoming amounts are written off to account 68. The entry entry looks like this: Dt 68-2 - Kt 19. At the end of the tax period, the amount of VAT to be transferred to the budget will be reduced by the amount accumulated on the account. 19, taking into account the fact of payment and receipt of services and material assets. It is worth noting here that the submission of a value added tax return from January 1, 2014 is carried out only in electronic form. All companies will have to report via the Internet on the basis of Law No. 134-FZ of June 28, 2013.

Features of tax reimbursement from the budget

The tax paid within the cost of purchased goods is reimbursed to the company if the purchased goods or services received were used in the main activities of the enterprise and only for transactions that are subject to VAT (Tax Code of the Russian Federation, paragraph 4 of Article 170). Otherwise, it is either fully included in the cost of goods or distributed between taxable and non-taxable transactions.

That is, the registration of settlement documents is carried out without allocating the amount of tax (or part thereof) from the total expenses associated with the purchase. Until 2014, it was also necessary to issue invoices, even if the transaction is not subject to VAT (Article 149 of the Tax Code of the Russian Federation). In this case, the note “No tax” was placed.

However, as of January 2014, new regulations came into force. According to them, issuing invoices is mandatory only if the transaction is subject to VAT, or if the company is exempt from paying this tax (Article 145 of the Tax Code of the Russian Federation). That is why it is recommended to keep accounting records in the context of separately opened subaccounts. In addition, special accounts are used to separate calculations for standardized expenses. If the organization exceeds the legally approved norms for expenses, VAT on them is not accepted for deduction (Tax Code of the Russian Federation, clause 7 of Article 171).

As for the tax return itself, to facilitate its completion, the accounting for value added tax for offset is carried out in accordance with its lines in separate sub-accounts. Let's take a closer look at them.

Account 19 by subaccounts

Accounting for the amount of incoming VAT on the account. 19 is maintained separately for the acquisition of:

• fixed assets, including those requiring installation;
• goods, works, services necessary for construction and installation work produced for own consumption;
• goods purchased for subsequent resale.

They are reflected respectively in subaccounts 19-1 (for fixed assets), 19-2 (for intangible assets), 19-3 (for material and production resources) and others. These three accounts are the main ones and are regularly used for accounting purposes. In addition, on the specified account, the amounts of VAT on travel, advertising expenses and entertainment expenses are taken into account in separate lines.

If we consider the accounting entries for reflecting incoming tax amounts, broken down by subaccounts, they will be written as follows:

• Dt 19-1 - Kt 60 - the amount of VAT accounted for purchased fixed assets for carrying out taxable activities is allocated.
• Dt 19-2 - Kt 60 - similar for purchased intangible assets.
• Dt 19-3 - Kt 60 - the same for MPZ.

When tax is deducted based on invoices, the following posting is recorded:

• Dt 68 - Kt 19-1 (2, 3) - VAT is presented for deduction on capitalized and paid fixed assets, intangible assets and inventories.

VAT on purchased assets and company production costs

The amount of value added tax on inventories acquired for production activities is included in the enterprise’s expenses, which is reflected in the accounting accounts using the following entry:

• Dt 20 (23, 29) - Kt 19-3 - write-off of tax amounts on purchased inventories used in the production of products not subject to VAT. Here in correspondence with account. 19 accounts of the main, as well as additional/service industries are used.

Also, expenses can be written off to other company accounts, including 25, 26, 44, if these are general business or production expenses or if the goods were subject to resale (account 44). They correspond from 19 hours. by debit: “Dt 25, 26, 44 - Kt 19.”

General rule: if the amount of tax on ext. cost (according to the norms of the Tax Code of the Russian Federation) is not subject to return from the budget, then it is reflected in the accounts of material assets, costs, and other expenses.

An example of accounting for VAT in settlements with suppliers and accepting it for deduction: entries with explanations

Let's look at a situation where, during March 2014, a company purchased products from a supplier and resold them to its customers. The batch was purchased and sold in full. The purchase costs amounted to 12,000 rubles, of which 1,830.51 rubles were VAT. The tax amount was separated from the cost of the goods and attributed to account 19. In accounting, this operation is reflected in two accounting entries:

• Dt 41 - Kt 60 - 10,169.49 rubles - the cost of purchased goods is taken into account;
• Dt 19 - Kt 60 - 1,830.51 rubles - reflected input VAT in connection with the purchase of a consignment of goods.

At the end of the reporting period in 2014, the organization writes off the tax amount to account 68, using its right to reduce debt to the budget. The posting is recorded:

• Dt 68 - Kt 19 - 1,830.51 rubles - the amount was transferred to the debit of the budget settlement account to reduce the amount of accrued tax.

In the same month of 2014, the company sells goods to its customers at a price 1.5 times more than the purchase price (18 thousand rubles). The following transactions reflect the operation:

• Dt 90-2 - Kt 41 (10,169.49 rubles) - reflects the cost of products sold;
• Dt 62 - Kt 90-1 (18,000 rubles) - the buyer’s debt to the company is taken into account (taking into account the amount of VAT equal to 2,745.76 rubles);
• D 90-3 - K 68 (2,745.76) - the amount of VAT is allocated for accrual to the budget.

Then we determine the financial result of the transaction, calculating the difference between debit and credit turnover in the “Sales” account: 10,169.49 + 2,745.76 - 18,000 = - 5,084.75 rubles. The minus sign means that there was a profit. We transfer it to account 99 “Profit and Loss”:

• Dt 90-9 - Kt 99 (5,084.75 rubles) - profit from March sales of 2014.

As a result, on the account. 68 we have formed the amount of VAT to be transferred to the budget. It is defined as the difference between credit and debit (amounts to be accrued and offset):

2,745.76 - 1,830.51 = 915.25 rubles - tax for transfer to the budget, formed as a result of March 2014 sales.

In this example, we looked at how VAT calculations are reflected for accounting purposes and how the amount that will be transferred to the budget is determined.

Conclusion

The count of 19 may seem quite difficult to understand, but learning how to use it correctly is very important. Accountants love it, because this account, one might say, saves the organization’s financial resources. It allows you to take into account and reimburse part of the value added tax from the budget, thereby reducing the amount of VAT intended for payment.

Account 19 “Value added tax on acquired assets” is intended to summarize information on the amounts of value added tax paid (due for payment) by the organization on acquired assets, as well as works and services.

Sub-accounts can be opened to account 19 “Value added tax on acquired assets”:

19-1 "Value added tax on the acquisition of fixed assets";

19-2 “Value added tax on acquired intangible assets”;

19-3 “Value added tax on acquired inventories”, etc.

Subaccount 19-1 “Value added tax on the acquisition of fixed assets” takes into account the amounts of value added tax paid (due) by the organization related to the construction and acquisition of fixed assets (including individual fixed assets, land plots and environmental management facilities) .

Subaccount 19-2 “Value added tax on acquired intangible assets” takes into account the amounts of value added tax paid (due) by the organization related to the acquisition of intangible assets.

Subaccount 19-3 “Value added tax on acquired inventories” takes into account the amounts of value added tax paid (due) by the organization related to the acquisition of raw materials, materials, semi-finished products and other types of inventories, as well as goods.

The debit of account 19 “Value added tax on acquired assets” reflects the amount of tax paid (due) by the organization on acquired inventories, intangible assets and fixed assets in correspondence with settlement accounts.

The write-off of the amounts of value added tax accumulated on account 19 “Value added tax on acquired values” is reflected in the credit of account 19 “Value added tax on acquired values” in correspondence, as a rule, with score 68"Calculations for taxes and fees."

Account 19 "Value added tax on acquired assets"
corresponds with accounts

Application of the chart of accounts: account 19

• Security costs. Accounting and tax accounting

  Reflected in the debit of account 19 “Value added tax on purchased assets”, subaccount, for example, 19-4 “Value added tax on purchased services” ... ;, and the credit of account... N 94n (hereinafter - Instructions for using the Plan accounts)).Value added tax (VAT) Amount of "input...

• Purchasing a car under a leasing agreement

  Bank statement on the current account The cost of the leased item received is reflected in the off-balance sheet account 001 1180000... Bank statement on the current account On the date of return of the leased item to the lessor The cost of the returned item... in this case, the initial cost of the object for the purposes of calculating income tax is 800.. . payment under the agreement to the lessor is reflected in the debit of account 19 “Value added tax on acquired assets” and the credit of account 76 ...

• Major bug fixes

  For September 2015; Debit of account 19 “Value added tax on purchased assets”, Credit of account 60 “Settlements with suppliers... account 68 “Settlements with the budget for taxes and fees”, subaccount “Calculations for VAT”, Credit of account 19 “Value added tax for acquired values... account 68 “Calculations with the budget for taxes and fees”, sub-account “Calculations for VAT”, Credit to account 19 “Value added tax for acquired values...

• Tachograph. Accounting and Taxation

  Transferred to employees" at the actual cost of acquisition (production). Tax accounting Value added tax (VAT) Amount... VAT presented by the manufacturer of passes is reflected in the debit of account 19 "Value added tax on acquired values..." in correspondence with credit account 60. Organization...

• Logistics costs: accounting and taxation

  The cost of transporting materials separately on account 15 “Procurement and acquisition of material assets” (with subsequent attribution to account... 16 “Variation in cost... with storage of inventory items 44 “Sales expenses” 19 “Value added tax on acquired assets” * 60 “Settlements with suppliers...

• VAT in 2017. Explanations from the Russian Ministry of Finance

  ... /7275 When carrying out operations for the supply (stacking) of material assets to the state reserve..., located in a special account, are not subject to taxation with value added tax. Letter dated February 19, 2016 ... amounts of value added tax in respect of goods purchased in retail trade without invoices... . No. 305-КГ16-9537 to the amounts of value added tax on purchased goods used only for non...

• Income tax in 2017. Explanations from the Russian Ministry of Finance

  Value added tax bases. At the same time, for the purposes of calculating the tax base for income tax... of the Russian Federation, the tax value of property (property rights) created (acquired) at the expense of targeted revenues, ... calculating the tax base for corporate income tax. Letter dated May 19, 2017 ... the perpetrators of the theft of material assets, thereby not limiting ... October 19, 2017 No. 03-03-06/2/68503 Upon acquisition ... as economically unjustified. Letter dated December 19, 2017 No. 03 ...

• Review of letters from the Ministry of Finance of the Russian Federation for October 2017

  ... . No. 305-КГ16-9537 to the amounts of value added tax on purchased goods used only for non... tax base for value added tax are not included. Since the funds received to compensate... those responsible for the theft of material assets, thereby does not limit the taxpayer... dated October 19, 2017 No. 03-03-06/2/68503 Upon acquisition... in the generally established manner . Other taxes Letter dated October 19, 2017 No. 03 ...

• VAT disputes (Practice of the Supreme Court of the Russian Federation for 2018)

  The product has consumer value for the recipient, has a market value and can... be given by the court. Determinations of October 19, 2018 No. 308-KG18 ... the possibility of obtaining benefits through the ownership of 19.99% of the share capital of a foreign ... and the purchase price of the relevant work (services) is subject to value added tax in general ... twice . Resolution dated March 19, 2018 No. 310-KG17 ... does not have the right to claim tax deductions on invoices presented by contractors...

• Important legal positions of the Constitutional Court and the Supreme Court on taxation issues for the 4th quarter of 2017

  The purchase of cognac spirit, and also refused the taxpayer to apply deductions for the “customs” value added tax... by the taxpayer of the value added tax, then the tax amounts previously accepted for deduction by the reorganized organization for the acquired works... metals located on impersonal metal account, do not relate to currency values, therefore, with... reservoir pressure). The Company, referring to the provisions of Article 19.1 of the Law of the Russian Federation...

• Practice of the Supreme Court of the Russian Federation on tax disputes for December 2016

  Approved by Order of the Ministry of Health of Russia dated June 19, 2003 No. 266, Rules... December 29, 1998. Determination dated 12/19/2016 No. 305-KG16- ... the Taxpayer’s lack of the right to claim a deduction for value added tax on corrective invoices in 1 ... in accounting, acquired inventory items, the Taxpayer’s references to acceptance by him. .. and issued an order. Resolution dated December 19, 2016 No. 309-KG16- ... recognizing the obligation to pay disputed taxes as fulfilled. Determination dated 12/19/2016...

• Practice of the Constitutional Court of the Russian Federation on tax issues for 2018

  Since it would make it possible to level out the practical value and significance of written explanations of financial... The Russian Federation allows the buyer, upon receipt of an invoice from the seller of goods (work... for the purposes of exemption from paying value added tax for work (services) for servicing sea vessels... the contested legal provisions contradict Articles 15, 19, 34, 35, 46, 50, 54... from the formal conditions (sources) of its acquisition.Position of the Court: Article 25...

• Practice of the Supreme Court of the Russian Federation on tax disputes for November 2017

  As a result, the right to reimbursement of value added tax from the budget arose in... The taxpayer includes indirect expenses for the acquisition of spare parts associated with..., located on an impersonal metal account, do not relate to currency values ​​and do not... 333.9 of the Tax Code of the Russian Federation, Article 19.1 of the Subsoil Law, ... - The courts found that the Taxpayer’s actions to acquire a share in the authorized capital of the LLC ... to acquire its debts under the agreement for the assignment of the right of claim were not aimed at ...

• Practice of the Constitutional Court of the Russian Federation on tax issues for the second half of 2018

  Since it would make it possible to neutralize the practical value and significance of written explanations of financial... in the sense given to them by law enforcement practice, they oblige the taxpayer to restore the amount of value added tax not... The Russian Federation allows the buyer, upon receipt of an invoice from the seller of goods (work... N 8-P; Determination of May 19, 2009 N 815 ... from the formal conditions (sources) of its acquisition. Position of the Court: Article 25...

• Practice of the Supreme Court of the Russian Federation on tax disputes for January 2019

  Federation in the determination of January 19, 2018 No. 305-... the implementation of which is subject to value added tax. Determination of January 23... property of the Khabarovsk city administration of the value of acquired municipal property. The courts proceeded... – Museum objects and museum valuables not included in the Museum Fund... responsibilities. In addition, through the accounts of organizations, a transit circular... chain of transactions for processing, sales and repurchase of extracted minerals is carried out...

Account 19 is used to summarize information about the amounts of VAT payable and paid on purchased works, valuables and services. Let's take a closer look at this article.

VAT

This tax is considered indirect. VAT is a form of withdrawal to the state budget of part of the price of a product, service or work. It is created at all stages of the production process and is paid as it is sold. When applying VAT, the final buyer pays the seller tax on the entire price of the purchased good.

But it starts coming into the budget earlier. This is due to the fact that the amount from its part of the price added to the cost of purchased raw materials, services/work required for production is paid to the state by each participant in production at different stages. The VAT rate in the Russian Federation is 18%. It is used by default if the transaction is not classified as taxable at 10% or 0%. In the Russian Federation, VAT was introduced on January 1, 1992. The rules for its calculation and payment were first determined by the relevant Federal Law “On Value Added Tax”. Since 2001, the procedure has been regulated by Ch. 21 NK. For certain categories of payers and transactions, VAT is not established. For example, enterprises may not pay tax if the amount of their revenue for the previous three consecutive months did not exceed a certain limit (2 million rubles according to paragraph 1 of Article 145 of the Tax Code).

Subaccounts 19 accounts

The article can be accessed by:

Characteristic

Reflection on the debit of the amounts of VAT payable or paid by the company on purchased inventories of fixed assets and intangible assets is carried out in correspondence with the settlement items. Closing the 19th account - writing off the accumulated amounts - is carried out by including the account in the record. 68, showing calculations of fees and taxes.

Specifics

Account 19 is considered very peculiar in accounting. It can be considered as a regulatory additional item, through which the price of materials (debit balance account 10) can be brought to cost. In this case, count 19 is passive. It is also treated as a kind of receivable. In this case, account 19 is active. This is due to the fact that when materials are transferred to production, the cost of the tax paid to the supplier is reimbursed from the budget.

Decor

When selling work, goods, or services, in addition to their actual cost, the buyer must pay VAT to the seller at the established rate. The latter must issue an invoice to the purchaser for its amount within five days. The calculation of the period begins from the date of shipment of products or provision of services/performance of work. In the settlement documentation and invoices of the supplier, VAT must be highlighted as a separate line. If transactions involving the sale of any services, products, or works are not subject to taxation or the seller is exempt from the obligation to pay tax, paperwork is completed without allocating it.

In this case, the payment documents must contain a corresponding entry “excluding VAT”. In the process of selling work, products or services to the public for cash, the requirements for drawing up documents and issuing invoices will be considered fulfilled if the seller has handed over a cash receipt to the buyer. He may submit other supporting paper in the prescribed form.

Invoice

This is a document that serves as the basis for accepting tax amounts for reimbursement or deduction. Mandatory invoice details are established in paragraph 5 of Art. 169 NK. The document must be signed by the chief accountant and director of the enterprise or other persons authorized by them. The invoice is certified by a seal. The seller must have a journal for recording these documents and a sales book. The acquirer, accordingly, must also record received invoices in the appropriate catalogue. A purchase book is also required. The procedure in accordance with which these journals are maintained is approved by government decree.

Account 19: postings

After accepting the purchased goods, the buyer pays VAT to account 19. In accounting, this item also includes tax amounts paid on business trip expenses. The calculation is carried out at a rate of 16.67% of the specified expenses (excluding sales tax). For the amount entered into account 19, the buyer, in accordance with the information from the invoices issued by the sellers, as well as documents confirming the payment of tax, has the right to reduce the mandatory deduction to the budget. This opportunity is available to those acquirers who use the received values ​​for production purposes. In this case, it is necessary to make an entry: “Db 68 CD 19.”

Inclusion of VAT in buyer's expenses

The tax amounts that are presented to the purchaser are included in his costs when using products, works, services:

1. In the manufacture/sale of objects, operations for the sale of which are not subject to taxation (exempt) under paragraphs 1-3 of Art. 149 NK.
2. The production/transfer of products, services, works, operations for which for one’s own needs are considered subject to taxation under Ch. 21, but are not subject to tax accounting under paragraphs 2, 3 of Art. 149 NK.
3. Sales outside the territory of the Russian Federation.

For the VAT amounts presented to the buyer, the following entry is made: “Db 20 (44, 23, 26, 25, etc.) Kd 19.”

General rules

Count 19 should be maintained while observing a number of requirements:

Important point

According to a number of experts, in DB account 19 the accrued VAT should be included in the budget for adopted fixed assets, completed capital construction, and implemented in an economic way. But other authors recognize this proposal as unfounded. Account 19 reflects the amounts of VAT that must be paid to contractors and suppliers, that is, legal entities (organizations). When an enterprise has budgetary tax obligations, it is necessary to take into account the circumstances under which they arose. In the process of construction, a taxable object is created using an economic method. In the absence of the possibility of presenting this tax to the budget, the accrued VAT amounts would have to increase the initial cost of the fixed assets. But according to tax legislation, enterprises show tax. It follows from this that these VAT amounts represent a certain amount of budget obligations to the payer. The latter, if the requirements are met, will present them to the budget subsequently. Thus, these amounts should be reflected in settlement accounts, in particular in accounts. 76.

Analytics

It should be structured so that you can prepare a tax return with minimal time. It is also necessary to organize separate VAT accounting for works, services, and material assets that are used in the production of products intended for export.

Example

Let's consider a situation where, throughout March 2014, an enterprise bought certain products from a supplier and subsequently resold them to its own customers. The batch of goods was purchased and sold in full. Purchase costs - 12 thousand rubles. Of this amount, 1830.51 is VAT. The amount of tax was separated from the cost of production and charged to account 19. This operation is reflected in two entries:

• Db 41 Kd 60 – the cost of purchased products is taken into account: 10,169.49 rubles.
• Db 19 Kd 60 – shows the input VAT on the purchase of goods RUB 1,830.51.

At the end of the reporting year, the company writes off the VAT amount to the account. 68. Thus, the organization uses its right to reduce debt to the budget. The following entry is made: “Db 68 Kd 19 – the amount to reduce the amount of accrued tax of 1830.51 rubles is transferred to the debit of the account for settlements with the budget.”

In the same March, the company sells products to its own customers at a cost 1.5 times higher than the purchase price (18 thousand rubles). This operation is reflected by the entries:

Minus here means profit. The received amount is transferred to the account. 99: Db 90.9 Kd 99 – income from March sales 2014 5,084.75 rub.

As a result, on the account. 68, the amount of VAT to be transferred to the budget is formed. It is defined as the difference between Kd and Db: 2,745.76 rubles. - 1,830.51 rub. = 915.25 rub. – tax for deduction to the budget generated from March sales in 2014.

Conclusion

Many specialists in the initial stages of work believe that counting 19 is quite difficult to understand and use. However, learning how to handle it correctly is extremely important. Experienced accountants love this account. This article actually allows you to save your company’s finances. In the account, you can not only take into account, but also reimburse part of the VAT from the budget, thus reducing the amount of tax due for payment.

An organization purchasing goods, works, services subject to VAT takes into account the tax presented by the supplier. To account for such a tax, the Chart of Accounts and the Instructions for its application provide for active account 19 “Value added tax on acquired assets” (). In addition, account 19 can be used when transferring advance payments to suppliers, and can also be used when performing construction and installation works for the organization’s own needs. We will tell you more about using account 19 in our consultation.

Subaccounts to account 19

In particular, the following sub-accounts can be opened for account 19:

When an organization is simultaneously engaged in activities subject to VAT and tax-exempt activities, it is necessary to maintain separate VAT records (clause 4 of Article 149 of the Tax Code of the Russian Federation). It is carried out, among other things, by opening additional sub-accounts to account 19 in the context of such types of activities.

Accounting for VAT upon receipt of goods, works, services

When purchasing inventories, fixed assets, intangible assets, works and services, the VAT charged is reflected as follows (Order of the Ministry of Finance dated October 31, 2000 No. 94n):

Debit of account 19 - Credit of accounts 60 “Settlements with suppliers and contractors”, 76 “Settlements with various debtors and creditors”

If the VAT payer uses the acquired values, works and services in activities subject to VAT, and he has a properly executed invoice or UPD, he will be able to deduct the VAT presented (clause 1 of Article 170, Article 171, Art. 172 Tax Code of the Russian Federation, Order of the Ministry of Finance dated October 31, 2000 No. 94n):

Debit account 68 “Calculations for taxes and fees”, subaccount “VAT” - Credit account 19

Other accounting entries will be made if goods, works or services are used in activities not subject to VAT, as well as in cases where the organization is not a VAT payer or is exempt from taxpayer obligations (clause 2 of Article 170 of the Tax Code of the Russian Federation). In this case, VAT is included in the cost of goods, works and services for which it was presented (Clause 2 of Article 170 of the Tax Code of the Russian Federation):

Debit of accounts 08 “Investments in non-current assets”, 20 “Main production”, 26 “General business expenses”, 44 “Sales expenses”, etc. - Credit of account 19

VAT on construction and installation work

Carrying out construction and installation work for own consumption is subject to VAT (clause 3, clause 1, article 146 of the Tax Code of the Russian Federation). Therefore, VAT must be charged on the cost of construction and installation work performed at the end of each quarter:

Debit of account 19 - Credit of account 68, sub-account “VAT”

If the object under construction will participate in activities subject to VAT, and will also be depreciated in tax accounting, VAT is taken for deduction at the time of its accrual (clause 6 of Article 171, clause 5 of Article 172 of the Tax Code of the Russian Federation):

Debit account 68, subaccount “VAT” - Credit account 19

VAT on advances issued

To account for VAT attributable to the advance payment transferred to the supplier, it may be possible to use account 19. For this, a separate sub-account “VAT on advances issued” is opened for account 19.

So, based on the advance VAT invoice received from the supplier, the buyer will reflect the tax as follows:

Debit of account 19, subaccount “VAT on advances issued” - Credit of account 60, subaccount “Advances issued”

And, accordingly, it accepts it for deduction using the usual posting (clause 12 of article 171, clause 9 of article 172 of the Tax Code of the Russian Federation, Order of the Ministry of Finance dated October 31, 2000 No. 94n):

Debit of account 68, subaccount “VAT” - Credit of account 19, subaccount “VAT on advances issued”