Purchase of Raw Material from a Non-Wholesaler (MATA080 - SIGAFAT)

Purchase of raw material, for manufacturing, acquired from a non-wholesaler. In this example, the company has the right to a 50% ICMS or IPI tax credit. It will be indicated: the credit of ICMS value in tax records and ICMS calculation.

Registration of Inbound Document Regarding Purchase of Microprocessors

1. TIO Registration:

TIO Configuration
Field	Content
Code	320
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?	R - Non-wholesaler
ICMS Red. %	00.00
IPI Red. %	50.00
ICMS Tax Rec.	Taxed
IPI Tax Rec.	Taxed
Indicate IPI?	No
IPI in Tax Base?	No
Calc. ICM Dif.	No
Mat. Consumption	No

2. Registration of inflow document regarding microprocessors.

Document	000005/UNI
Date	6/1/03
Quantity	10
Goods Value	R$ 400.00
Goods Total	R$ 4,000.00
Document Total	R$ 4,000.00
IPI rate	10%
IPI Tax Base	2,000.00
IPI Value	200,00
ICMS rate	12%
ICMS Tax Base	R$ 4,000.00
ICMS Value	R$ 480.00
TIO	320

3. Classification of inflow document in Tax Records, see information in the report Inflow Records:

Inflow Date	Number	Accounting Value	Tax Code	Code	Operation Value Tax Base (ICMS)	Rate	Credited Tax (ICMS)	Operation Value Tax Base (IPI)	Rate	Credited Tax (IPI)	Notes
6/1/03	000005/UNI	4,000.00	111	1	4,000.00	12	480.00	2,000.00	10	200,00	Acquisition from IPI Non-taxpayer IPI.............: 500.00
				2	00.00		00.00
				3	00.00		00.00

Codes:

1. Transactions with tax credit.

2. Transactions without tax credit-exempt or non-taxed.

3. Transactions without tax credit - others

Tip:

To issue the reports of Inflow Records and outflow Records, refer to topic Data Processing System.

4. Inflow of products in Stock, see the table Kardex by day:

Date	Tio	CFOP	Document	Quantity	Average Cost	Total Cost
6/1/03	320	111	0000005/UNI	1000	7.70	7,700.00

In this example, note that the inflow cost of goods is calculated by subtracting the ICMS and IPI credited value. When you register an inflow document, the system calculates its ICMS and IPI and updates the tax credits in the Tax Records.

The tax credit is calculated due to the configuration of the fields: Credit ICMS, Credit IPI, ICMS Tax. Rec. and IP Tax Rec. This case applies to companies with the right to credit ICMS/IPI in inflow operations.

mata080_credita_icms_ing

The tax value credited in inflow operations is compensated with the total ICMS/IPI value to be paid (calculated while issuing the outflow document).

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Purchase of Raw Material from a Non-Wholesaler (MATA080 - SIGAFAT)