How to Account for Partially Returned Goods and VAT in JPK_V7M? Tax Deduction Guidelines.

• How to settle the return of purchased goods and VAT in JPK_V7M?
• What about the deduction of input tax?
• If the JPK_V7M file for February 2024 has not been submitted yet, you have the right to deduct VAT from the purchased goods reduced by the amount on the corrective invoice.
• The right to deduct VAT from purchased goods arises in the period when the tax obligation for those goods arises and when the buyer receives the invoice.
• If the deduction of VAT is not made in time, it can be reduced in the tax declaration for the following periods.
• In the case of returning part of purchased goods, the buyer must reduce the input tax in the period when the conditions for reducing the tax base were agreed upon with the supplier.

Source: ksiegowosc.infor.pl

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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