Purchase of raw material for manufacturing In this example, the company has the right to tax credit (ICMS and IPI).
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Application
Registration of inflow document regarding purchase of microprocessors.
1. TIO Registration:
TIO Configuration | |
Field | Content |
Code | 315 |
TIO Type | Inflow |
Credit ICMS? | Yes |
Credit IPI? | Yes |
Generate Trade Note? | Yes |
Update Inventory? | Yes |
Third Party Possession? | No |
Calculate ICMS? | Yes |
Calculate IPI? | Yes |
ICMS Red. % | 00.00 |
IPI Red. % | 00.00 |
ICMS Tax Rec. | Taxed |
IPI Tax Rec. | Taxed |
Indicate IPI? | No |
IPI in Tax Base? | No |
Calc. ICM Dif. | No |
Mat. Consumption | No |
2. Registration of inflow documents:
Document | 000004/UNI |
Date | 6/1/03 |
Quantity | 10 |
Goods Value | 400.00 |
Goods Total | 4,000.00 |
Document Total | 4,400.00 |
IPI rate | 10% |
IPI Tax Base | 4,000.00 |
IPI Value | 400.00 |
ICMS rate | 12% |
ICMS Tax Base | 4,000.00 |
ICMS Value | 480.00 |
TIO | 014 - Purchase of raw material for production.
(The latter defines if the IPI value is credited in the Tax Records.) |
3. Classification of inflow document in Tax Records, see information in the report Inflow Records:
Inflow Date | Number | Accounting Value | Tax Code | Code | Operation Value Tax Base (ICMS) | Rate | Credited Tax (ICMS) | Operation Value Tax Base (IPI) | Rate | Credited Tax (IPI) |
6/1/03 | 000004/UNI | 4,400.00 | 111 | 1 | 4,000.00 | 12 | 480.00 | 1,000.00 | 10 | 400.00 |
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| 2 | 00.00 |
| 00.00 |
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| 3 | 00.00 |
| 00.00 |
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Codes:
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Tip: To issue the reports of Inflow Records and outflow Records, refer to |
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topic Data Proc. |
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