The Normative Instructions routine (MATA950) provides the bookkeeping and calculation related to operations with scrap, when it refers to manufacturing return/processing of this kind of goods, in compliance with article 393-A of RICMS/SP.
To whom it is applicable | To taxpayers who have operations with scrap when it refers to manufacturing return/processing of this kind of goods |
Purpose | Calculate and register operations with scrap. |
Delivery Term | There is not one. |
Competence | State - São Paulo |
Application provided by tax authorities | It does not exist. |
Version of the application contemplated by Microsiga Protheus® | It does not exist. |
Where to find the application made available by Tax Authority | It does not exist. |
Legislation contemplated | Article 393-A of RICMS/SP |
The calculation and registration of operations with scrap is based on sending the scrap for manufacturing and then returning it; the supplier who generates the invoice describes values charged for the manufacturing and calculates the ICMS on such values. Besides calculating and paying the ICMS on the manufacturing total value, this operation also requires calculation of ICMS on the value of raw material (scrap) sent for manufacturing.
Usually, only the material used in the manufacturing is subject to ICMS (the symbolic return is ICMS-free). In this case, both operations are taxed though.
The manufacturer is in charge of paying the ICMS for the symbolic return. Therefore, he passes on this ICMS value to the manufacturing ordering party, as well as PIS and COFINS to levy on this additional value (ICMS on the symbolic return).
Hence, PIS and COFINS must be calculated and integrated with both the ICMS calculation basis and the trade note total. These costs are passed on to the supplier; the trade note amounts to the sum of the following values: value charged for manufacturing + ICMS on the raw material (scrap) + PIS and COFINS value on the raw material ICMS.
Practical Application
Here is an example of how these operations are calculated and registered:
- Total charged for manufacturing: 5595.40
- Raw material symbolic return: 8874.37
- ICMS value on the returned raw material: 8874.37 * 18% = 1597.39
- Calculation basis of PIS/COFINS on such ICMS: 1597.39 is considered as 72.75%, since 100% - 18% (ICMS)-1.65%(PIS)-7.6%(COFINS) = 72.75%.
That occurs because when we calculate PIS and COFINS on the revenue, the calculation basis includes PIS, CONFINS and ICMS; Thus, the calculation basis of PIS and COFINS is considered as follows:
1597.39 = 72.75%
X = 100%
2195.72 = 100%
- PIS/COFINS calculation basis to levy on this ICMS: 2195.72
- PIS value: 2195.72 * 1.65% = 36.23
- COFINS value: 2195.72 * 7.6% = 166.87
Thus, we have the following:
- ICMS calculation basis: 8874.37 (symbolic return value) + 5595.40 (value charged for manufacturing) + 36.23 (PIS value) + 166.87 (COFINS value) = 14,672.87
- ICMS value: 14,672.87 * 18% = 2641.12
- Trade note value: 5595.40 (value charged for manufacturing) + 1597.39 (ICMS without the goods return value) + 36.23 (PIS value) + 166.87 (COFINS value) = 7,395.89
Bookkeeping
1st item – Operation of symbolic return of raw material sent:
CFOP 1902 – Return of goods sent for manufacturing to order
Accounting value: 8874.37
ICMS calculation basis: 8874.37
ICMS: 1597.39
2nd item – Operation of collection of manufacturing:
CFOP 1124 – Manufacturing performed by another company
Accounting value: 7395.89
ICMS calculation basis: 5798.50
ICMS: 1043.73
Other ICMS: 1597.39
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