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SYSTEM implications regarding the deposit for the decrease and the accounting

November 19 2008 " CCTE SAC " contract the services of the advertising company " Pixmark SAC" by S/.6, 500 plus VAT. The service consists of the placement of logos in newsletters, on bags and on the walls of places where events take place in exchange for a fee. The invoice was issued that day to be recorded immediately in the purchase record. On November 27, 2008, "SAC CCTE " canceled the invoice net decrease, but the deposit of the new drawdown was made on December 30, 2008.

Required: Establish the implications regarding the deposit of the decrease and the accounting of transactions by both companies. It is known that on 30 December "SAC CCTE " decides to regulate all obligations related to this operation.

Development:

- service users, "SAC CCTE "

In accordance with Annex 3 of Resolution No. 183-2004/SUNAT Superintendency advertising is included within the 7430 ISIC . This regard it is pertinent to mention SUNAT Report No. 173-2006/SUNAT which states: "The logo placement services in newsletters, on bags and on the walls of rooms where events take place in exchange for a fee, to be considered included in the 7430 class as activities " Advertising ", are included in paragraph 5 of Annex 3 of Resolution No. 183-2004/SUNAT Superintendency, and such, are subject to SPOT. "

In this regard, the described service will be subject to the applicable percentage decrease being 12%. In this case, the first thing that happened was the annotation of the voucher (invoice) in the purchase record, hence " CCTE SAC" can make the deposit for the decrease until the fifth business day following month
Value of Service
... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ............................. 6,500.00
VAT (19%) ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...................... 1,235.00 Price
... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ....................... 12% Decrease
7,735.00 ... ... ... ... ... ... ... ... ... ... ... ... ... ... .................................... . (928.00) Net
to cancel the service provider ... ... ................S/.6, 807.00

" CCTE SAC was given until December 5, 2008 to effect reservoir drawdown (S/.928.00) but only the regularized December 30, 2008, which is why the company has committed a violation of Article 12 of Supreme Decree N ° 155-2004-EF as applicable sanction is a fine amounting to 100% of the amount not deposited.

This penalty may be under the regime of gradual established by Resolution No. 254-2004/SUNAT Superintendency.
In line with this policy of gradual, if the reservoir drawdown has been regularized until December 15, 2008, the fine would have had a 100% rebate. 16 to 30 December, the fine shall be entitled to a rebate of 70%.
Notwithstanding the foregoing, since the deposit of the decrease has not been paid in due time (until December 5, 2008), the tax credit for the invoice (S/.1, 235.00) may not be exercised in the PDT 621, November 2008, but may be applied recently in the PDT 621 of December just because the adjustment of the deposit was the December 30, 2008.

Posting by "CCTE SAC

63. EXPENSES. SERVICES PROVIDED BY THIRD PARTIES ... ... 6,500.00
637. Advertising, advertising, public relations
637.2. Advertising
40. TAXES AND CONTRIBUTIONS TO THE PENSION SYSTEM OF HEALTH AND PAYABLE ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... .. 1,235.00
4011.
IGV 42. Trade Accounts Payable ... ... ... ... ... ... ... ... ... ... ... 7,735.00
to 421. Invoices, tickets and vouchers payable
19/11/2008. For the annotation of the bill in the purchase record.

X ---------------------------------------- ------- ---------------------
42. ACCOUNTS PAYABLE - TRADE ... ... ... ... ... ... 6807.00
421. Invoices, tickets and other vouchers to pay
10.CAJA AND BANKS ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... .. 6,807.00
to 104. Current accounts in financial institutions 27/11/2008
. For the cancellation of the invoice net decrease to the current account "SAC Pixmark "

--------------------------- X ---------------------------- -------------
64.GASTOS BY TAXES ... ... 4.76
.. 649. Other taxes 649.1
.
ITF 10. CASH ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... .. 4.76
to 104. Current accounts in financial institutions 27/11/2008
. ITF on a charge of applying the rate of 0.07% over ....
6,807.00 42. ACCOUNTS PAYABLE - TRADE 928.00
421. Invoices, tickets and other vouchers to pay
10. CASH ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... .. 928.00
to 101. 30/12/2008
box. For the adjustment of deposit the decrease in the account of Bank of the Nation "SAC Pixmark "

FINE AND UPDATE
Fine 100% of the amount not deposited. [100% 928.00] ... ... ... ... ... .928.00
Sale 70% according to the Superintendency Resolution No. 254-2004/SUNAT ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... .... (649.60) Fine lowered

... ... ... ... ... ... .... ... ... ... ... ... ... ... ... ... ... ... ... ... ... .... 278.40
days to run from 05.12.2008 to 30.12.2008 ... ... ... ... ... .. 25 days
Interests [278.40 x 25 x 0.05%] ... ... ... ... ... ... ... ... ... ... ... ... 3.48

fine plus interest = 278.40 + 3.48 ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 281.88
65. VARIOUS LOADS OF MANAGEMENT ... ... ... ... ... ... ... .282.00
659. Other charges various management
a10 CASH ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 282.00
to 101. 30/12/2008
box. For the cancellation of the penalty laid down in Article 12 of Supreme Decree N ° 155-2004-EF and default interest


- Service Provider "Pixmark SAC

In accordance with paragraph c) Article 4 of the VAT Law, the birth of the GST tax liability arises on the date of issuing the voucher according to the stipulations of the regulation, or the date the salary being, SO COMES FIRST. In this case, the invoice was issued on November 19, so at that time was generated tax liability. Posting
by " Pixmark SAC "

12 TRADE ACCOUNTS RECEIVABLE 7,735.00
... 121. Invoices, tickets and other evidence
receivable at 40 TAXES AND CONTRIBUTIONS TO THE PENSION SYSTEM OF HEALTH AND PAYABLE ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... .. 1,235.00
to 4011. IGV
to 70 SALES ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... .. 6,500.00
to 704. 19/11/2008
service delivery. By provision of the sale and issuance of the invoice date of the obligation of the GST. ---------------------------------------- X --------

-------------------- CASH
10 ... ... ... ... 6,807.00
104. Current accounts in financial institutions
to 12 TRADE ACCOUNTS RECEIVABLE ... ... ... ... ... ... ... ... ... 6,807.00
to 121. Invoices, tickets and other evidence
27/11/2008 receivable. Net income for the decrease in our bank account.

X ---------------------------------------- ------- 64

--------------------- EXPENSES TAXES ... ... ... ... .... 4.76
649. Other taxes 649.1
. ITF
to 10 CASH ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ..
4.76 to 104. Current accounts in financial institutions 27/11/2008
. On the ITF applying the rate of 0.07% on 6,807.00
-------------------------------------- - X ----------------------------

10 CASH ... ... ... ... ... ... ... ... ... ..
928.00 107. Restricted funds
107.3. National Bank - Acct.
drawdown to 12. ACCOUNTS RECEIVABLE - BUSINESS ... ... ... ....
928.00 to 121. Invoices, tickets and other evidence
30/12/2008 receivable. For the deposit made by " CCTE SAC" in our Bank account withdrawals for the Nation.