Shaanxi Cotton Spinning "High Levy Low Button" Puzzle Final Solution

In May this year, the Shaanxi Textile Industry Association proposed to the provincial taxation bureau and the finance department to solve the problem of "high levy and low deduction" in Shaanxi cotton textile industry, and helped the provincial tax bureau to do a lot of work, so that the problem was finally solved.

The Shaanxi provincial revenue Bureau and the Shaanxi provincial finance department recently issued the "

In the cotton textile industry, the announcement of the approved deduction method for the value-added tax of agricultural products is launched. Since October 1st this year, the general value-added tax taxpayers who purchase cotton (lint and seed cotton) as raw materials for spinning or weaving processing have been included in the pilot scale of the approved value-added tax deduction for agricultural products.

According to the introduction,

"According to the Circular of the Ministry of Finance and the State Administration of Taxation on expanding the pilot scale of the approved tax deduction for the value-added tax of agricultural products," Shaanxi decided to implement the approved deduction method for the value-added tax of agricultural products in the cotton textile industry.

The taxpayer uses the cotton linen production and sale of pure cotton yarn and combed pure cotton yarn to carry out the unified deduction standard of Shaanxi Province: the combed pure cotton yarn (per ton) is calculated according to the amount of 1.4724 tons of lint per unit consumption; the pure cotton yarn (per ton) is calculated according to the 1.1825 tons of lint consumption.

The production and sale of combed pure cotton yarn and combed pure cotton yarn by seed cotton are subject to deduction by taxpayers themselves.

Taxpayers producing cotton fabric as raw material should accurately calculate the self produced intermediate products consumed by the final product (fabric) in the month (combed pure cotton yarn, combed blended yarn, combed blended yarn, combed pure yarn).

Quantity and calculate the VAT input tax allowed in the current period on the basis of the amount of self produced intermediate products consumed.

The leaders of the Shaanxi Textile Industry Association told reporters that in order to ensure the smooth implementation of the new method, the Shaanxi Provincial Association will continue to do well in accordance with the arrangement of the State Administration of taxation. In the near future, it will organize enterprise accounting personnel to study and study in other provinces, organize professional training, and set up a new enterprise coordination mechanism as soon as possible to find and reflect problems in the trial process and propose solutions.