What is a credit note?
refunds are used in Sales Tax Act (Section 14 (2) UStG) as reverse invoices means who issue beneficiaries in order to bill for the service provided. This is usually the other way around, as the service provider also invoices. As part of Invoice Are they not with Cancellation invoices or Invoice adjustments to confuse.
They are common, for example, at freelancers, in crafts, in the IT sector or for artistic work, however, must be agreed. Does the contractor provides the service, Does the beneficiary create the credit. Payment is made without the contractor having reckoning Must write.
Contractors simply check the credit note for accuracy, for example whether the Sales tax rate That's right. For small business owners If the sales tax is not calculated, then the recipient would have to object to the credit note. Otherwise, debts would arise with the tax office. The exhibiting company gives the sales tax At the Advance sales tax return as input tax, which reduces the payment burden.
What is the mandatory information?
The mandatory information is the same as for the reckoning:
- Name as credit note - requirement for input tax deduction!
- Name and address of the person receiving the service and the person providing the service
- tax number and Sales tax identification number
- Date and sequential number
- Type, description and quantity or scope of the service
- Date or period of performance or delivery
- gross amount
- tax rates
- Net amount or payment amount
- Payment deadline
Differences: Credit note and invoice
There is no difference in payment, as the Liabilities arise with the person or organization that is the recipient of the benefit. In the meantime, apply only settlement credits as credit notes. In the Sales Tax Act, these are therefore exclusively reverse invoices. Just as invoices Do they have to Stored for 10 years in accordance with GoBD become.
Colloquially But do you often mean by that commercial and bank credits. Commercial credits are Cancellation invoices or Invoice adjustments, which are created when the payment amount has changed due to defects or the goods are returned. A bank credit includes all Accounting amounts that are Haben Sign in to an account.
