Purchase Confirmation Issuance Limits When Purchase Amount Exceeds Sales Amount
Machine translated
When issuing Purchase Confirmations, it is usually not an issue because sales exceed purchases, but I am inquiring because I am curious about the reverse scenario.
1. Suppose our company needs to issue a Purchase Confirmation to a raw material supplier. If the purchase amount is 100 and the sales amount to an exporter is 60 (we currently hold a Purchase Confirmation of 60 issued by the exporter), I am wondering if the amount of Purchase Confirmation we can issue is limited only to the export performance of 60.
2. If we can only issue up to 60, I am wondering if we must issue a corrected tax invoice with 10% VAT for the remaining 40.
3. I am wondering if additional supporting documentation is required to issue a Purchase Confirmation for the remaining 40 as well.
4. In a situation where purchases are greater than sales, I am wondering if the Purchase Confirmation issued last month can be used as supporting documentation for export performance (e.g., if there is a difference of 200, where last month's purchases were 100 and sales were 300).
Answer 1
- 01. A Purchase Confirmation can only be issued within the amount limit of the primary Purchase Confirmation received from the exporter. 2. For the remaining 40, a general tax invoice must be issued. 3. A secondary Purchase Confirmation can be issued based solely on the primary Purchase Confirmation. 4. If there is an unissued limit remaining from the previously received primary Purchase Confirmation, it can be issued within that scope; however, this must be determined after verifying the actual facts, such as the timing of the purchase and the timing of the Purchase Confirmation issuance.Machine translated
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