The Credit ICMS field influences directly in the calculation of goods inflow cost, the tax credit in Tax Records and ICMS Calculation.
Tip: To record the ICMS credit, you must set the field Calculate ICMS? to Yes. |
The tax value credited in inflow operations is compensated with the total ICMS value to be paid (calculated while issuing the outflow document).
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Application I
Registration of inflow document regarding purchase of raw material for production:
1. TIO Registration:
TIO Configuration | |
Field | Content |
Code | 013 |
TIO Type | Inflow |
Credit ICMS? | Yes * |
Credit IPI? | Yes |
Generate Trade Note? | Yes |
Update Inventory? | Yes |
Third Party Possession? | No |
Calculate ICMS? | Yes |
Calculate IPI? | Yes |
ICMS Red. % | 00.00 |
IPI Red. % | 00.00 |
ICMS Tax Rec. | Taxed |
IPI Tax Rec. | Taxed |
Indicate IPI? | No |
IPI in Tax Base? | No |
Calc. ICM Dif. | No |
Mat. Consumption | No |
* This fields impacts directly in calculation of goods inflow cost. The tax credit is defined through the field ICMS Tax Rec.
2. Registration of inflow documents
Document | 000003/UNI |
Date | 6/1/03 |
Quantity | 50 |
Goods Value | 100.00 |
Goods Total | 5,000.00 |
Document Total | 5,000.00 |
ICMS Rate | 18% |
ICMS Tax Base | 5,000.00 |
ICMS Value | 900.00 |
TIO | 013 - Purchase of raw material for production |
3. Classification of inflow document in Tax Records, see the table ICMS Calculation:
ICMS Calculation | |||||
CFOP | Accounting Value | Tax Base | Credited Tax | Exempt | Others |
111 | 5,000.00 | 5,000.00 | 900.00 | 0.00 | 0.00 |
4. Inflow of products in Stock, see the table Kardex by day:
Date | Tio | CFOP | Document | Quantity | Average Cost | Total Cost |
6/1/03 | 013 | 111 | 000003/DOC | 50 | 82.00 | 4,100.00 |