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PCGE retention of 6% of IGV

Identification and counting of the amount withheld

By exposing the next is that we are going to accounting for retention of 6% of the GST, in the scheme aplicaion withholding.
The accounting application we will be able to appreciate both sides, that is, to what is the accounting treatment to be applied in accounting PROVIDER (subject to retention) and the CLIENT (withholding agent). Statement


JSP Company SAA is a designated withholding agent SUNAT, dated May 20 made the acquisition of raw materials the company MAT EIRL, the same amount to the figure of S /. 12,000 + VAT, for this acquisition has received a special discount of S /. 2,000 + VAT (NC airs on 21 May).
On May 30 the cancellation is made 60% of the purchase, the balance is paid within 60 days.

Requested:
a. Determining the amount of retention
b. Accounting for transactions (supplier and Accounting customer).

Solution:

1. Determination dei amount of the transaction:

Invoice Detail NET
NC Taxable Income 12,000.00 10,000.00 <2,000.00>
VAT (19%) 2280.00 <>
1,900.00 Total 11,900.00 12,280.00 <2,380.00>

In this case, the amount of the transaction is S /.

11,900.00 2. Determination of Retention: Retention is determined
based on 6% of the payment, in this case, the payment amount is 60% of the total operation, a sum that is h to withhold 6%.

S /. 11,900.00 x 60% to S /. Retention

7,140.00

S /. 7,140.00 x 6% to S /. Net

428.40
pay S /. 7,140.00 - S /. 428.40 S /.

6,711.60 3. JSP company accounts SAA (withholding agent)

3.1. Accounting for the purchase invoice
--------------- x ---------------

60 Buy 602 12.000 6021 Commodity
MP manufactured products
40 TRIB AND CONTRIBUTIONS TO PENS AND HEALTH SYSTEM
2.280 401 4011
Central Government to the Sales Tax General
401102 VAT - Tax Credit CTAS
A 42 per page COMMERCE - THIRD 14.280 421
Fact, comp tickets and other payables
Issued 4212
20/05 For purchases made
x --------------- --------------- Income

to store goods
acquired --------------- x --------------- MATERIALS
24 12.000 241

MP for manufactured products 61 CHANGES IN INVENTORIES 12,000
612 Materias primas
20/05 Ingreso de bienes al costo de adquisición
--------------- x ---------------

3.2. Contabilización de la Nota de Crédito
--------------- x ---------------
42 CTAS POR PAG COMERC – TERCEROS 2,380
421 Fact, boletas y otros comp por pagar
4212 Emitidas
40 TRIB Y APORT AL SIST PENS Y DE SALUD 380
401 Gobierno Central
4011 Impuesto General a la Ventas
401102 IGV – Crédito Fiscal
60 COMPRAS 2,000
602 Materias Primas
MP 6021 manufactured products
21/05 For the discount included the cost

61 --------------- x --------------- CHANGE 612 STOCK 2.000
Commodities COMMODITIES
24 2.000 241
MP for manufactured products
21/05 at cost adjustment
--------------- x ------

--------- 3.3 Payment Posting
42 --------------- x ---------------
CTAS PAY FOR COMMERCE - THIRD 6,711.60
421 bills, tickets and other vouchers to pay
4212 Issued
A 10 CASH 6,711.60
104 Current accounts in financial institutions operating current accounts
1041
30/05 Payment of 60% of the operation unless retention
--------------- x ------ --------- Accounting

3.4 Withholding:
--------------- x --------------- 42 ACCOUNTS PAYABLE
COMMERCE - THIRD 428.40
421 bills, tickets and other vouchers to pay
4212 Issued
APORT.AL A 40 TRIB AND SYSTEM OF HEALTH AND PENS
401 428.40 4011
Central Government to the Sales Tax General
401106 VAT - Deductions Payable 30/05

According record retention

--------------- x --------------- 3.5 Payment retention of SUNAT
--------------- x ---------------
40 TRIB AND CONTRIBUTION TO THE SYSTEM OF HEALTH AND PENS
428.40 4011 401
Central Government to the Sales Tax General
VAT 401106 - Deductions from pay
A 10
CASH 428.40 104 Current accounts in financial institutions operating current accounts
1041
x / x for the payment of SUNAT
month retention --------------- x ---------------
The declaration and payment of withholding is performed on the PDT 0626 - Withholding Agents within the deadline for monthly tax compliance.

4. Company accounts EIRL MAT (subject to retention)
4.1 Accounting for sale
x --------------- --------------- CTAS
BY COB 12 COM - THIRD 14,280.00
121 Fact, ballots and other records Issued receivable

1212 A 40 TRIB AND CONTRIBUTION TO THE SYSTEM OF HEALTH AND PENS 2,280.00

401 4011 Central Government to the Sales Tax General
IGV 401101 - Debit Tax
A 70 SALES Goods

12,000.00 701 20/05 For sale of goods


--------------- --------------- x 4.2 Accounting
CN x --------------- --------------- Receivables 74
reductions and rebates GRANTED 2,000.00
741 Receivables
reductions and rebates granted 7411 Third
40 TRIB AND CONTRIBUTION TO THE SYSTEM OF HEALTH AND PENS
401 380.00 4011
Central Government to the Sales Tax General
VAT 401101 - Debit Tax
CTAS BY COB 12 COM - THIRD 2,380.00
121 Fact, ballots and other vouchers for
charge Issued 21/05 1212
discount granted by the --------------- x ---------------


4.3 Accounting for the collection
10 x --------------- --------------- CASH
6,711.60
104 Current accounts in financial institutions operating current accounts

1041 A 12 CTAS BY COB COM - THIRD 6,711.60
121 bills, tickets and other evidence receivable

1212 Issued 30/05 Fertilizer According Note cta cte (Made by the client) ----------
----- x ---------------

4.4. Withholding accounting
x --------------- ---------------
40 TRIB AND CONTRIBUTION TO THE SYSTEM OF HEALTH AND PEN
401 428.40 4011
Central Government to the Sales Tax General
401107 IGV - Deductions to implement
A 12. CTAS BY COB COMMERCE - TERC 428.40
Bill 121, ballots and other records receivable

1212 Issued 30/05 withholding 6% of sums
--------------- x

--------------- 4.5. Using the amount withheld.
assume that the company presents the following scenario:

GST sales for the month (debit): S /.
24,000.00 GST purchases of the month (credit) :
VAT payable (Debit Tax) VAT 6000.00

<-> <>
withholdings apply VAT to pay this month net
5,571.60

The accounting entry for payment of VAT to SUNAT month would be: -----
---------- x ---------------
40 TRIB AND CONTRIBUTION SYSTEM OF PENS AND HEALTH 5,571.60

401 4011 Central Government to the Sales Tax General
401101 VAT - Tax Debit
A 10 5,571.60 CASH
104 Current accounts in financial institutions 1041

x/06 operating current accounts for VAT payment according PDT
621 x --------------- ---------------
Seat
accounting adjustment of balances of the GST tax credit, the GST and the GST tax debits - Deductions for Apply: --------------- x --------
-------
40 TRIB AND CONTRIBUTION TO THE SYSTEM OF HEALTH AND PENS 18,428.40

401 4011 Central Government to the Sales Tax General
IGV 401101 - Debit Tax
A 40 TRIB AND CONTRIBUTION TO THE SYSTEM OF HEALTH AND PENS
18,428.40
401 4011 Central Government to the Sales Tax General
401102 VAT - Tax Credit 401107 VAT
18,000.00 - 428.40
withholdings apply x/06 reclassification of accounts for the IGV
x ------------- --------------- -

Locations For The Rhino 5 Holo Plans

OF REAL ESTATE MARKETING API

Raul Horta is the director of marketing at Inmofactory

What is an MLS? These are the initials of English Multiple Listing Service, which have been translated in Spain with the concept of Shared Real Estate Exchange. That is a real estate agent captures and makes available to the rest agencies that have potential buyers, sharing between the two fees of the sale. All based on good software and internet environment.

API Tarragona The school opted to have an MLS itself. This excellent tool available to the public the most comprehensive real estate website of the province with more than 25,000 buildings, APIs provided by the 500 colleges and share here your offers and demands. Coming in www.apitarragona.com will be the largest range of real estate in the province of Tarragona and is set to become the undisputed reference for everyone who is interested in our region by the property transaction.

last few days has started a press campaign which advertises the web address and it is expected that an average period of time, everybody knows where to find this offer.

society This presentation is preceded by several months of work by the API College of Tarragona, in which, after a study of the sector, finally selected the company's offer Inmofactory, SL provides computer support for the MLS to work. For us professionals have many advantages over the only advertisement of our properties, allowing us to further the internal management of each of them, from their maintenance, photographs, visit control, statistics, alerts, etc ...

Inmofactory has provided several practice sessions to learn how to take full advantage of the program, the last of which took place during the marketing year referred to in the previous post, where Raul Horta, director of Marketing, explained the latest innovations and functions the program provides. You can visit the blog by Raul in http://bolsaprofesionalinmobiliaria.wordpress.com , with constant entries on topics of interest to our industry.

At this time of profound changes in the field of real estate transaction, the sale is firmly committed to shared between professionals, to sell our products to find what our customers demand.

.

How To Repair Seadoo Seat

TARRAGONA

With Professor Txaber Allué.

With Dr. Pere Segarra Roca

In late March I attended a course organized by the Colegio de Tarragona API (COAPI) under Real Estate Marketing title. There were two classes in two consecutive days by Professor Txaber Allué and Dr. Pere Segarra Roca, both professors the URV (Universitat Rovira i Virgili de Tarragona). The Allué porfesor presented on the opening day real estate marketing from its most interesting theoretical notes on the remarkable changes that occur and evolve in our industry and the need to keep up to date and familiar with these developments. In the second session, Professor Segal's mission was to show how to implement the proposals of the previous day, ie marketing in the day to day practice of our profession.

Undoubtedly, the star of internet marketing is. And it is being in the last semester and will be certainly in the future. The tips are clear and must be wagered to the network strategies to survive in this new cycle that has been opened in the mediation of the real estate transaction. Our promotion and sale of properties on the Internet will be greatly benefited if we do well from shared strategies with other professionals like us. The API group in the province of Tarragona we must seize the commissioning our own MLS (Multi Linsting System) or BPI (Bolsa Professional Real Estate) is the largest real estate supply of the province of Tarragona, 500 Apis and 25,000 REAL ESTATE offered where customer can choose. On this issue, sale and shared talk Inmofactory tool in my next post.

Whenever I can attend courses COAPI Tarragona program, because although more than 90% of concepts that are exposed and have made, there are often interesting things to learn and take to your everyday life. Also I am interested in contacts between the partners: in the coffee-break usually appear some proposals or negotiations that lead the call or meeting days.

Reviewing my notes below relate to some of the things said and struck me in this course:

- In real estate the "historical benefit" is from 7 8% (average annual return over the years).

- Innovation: in 7 new proposals and actions that occur in the market operate 1 or 2 at most.

- It is important to keep in touch with the customer (buyer or seller) through time, not to mention a buyer at 8 or 10 days after showing what he wanted. Against the seller, maintain a living contact and explaining how its property, etc.

- that buyers like and understand much more of a distributional level than conventional 3D.

- You have to ask the seller: You sell your flat or just put it on sale? (To make him understand that lower their price to levels consistent with the current market.)

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