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After a resource recycling enterprise issues a "reverse invoice," how should a red-letter invoice be handled if needed?

Published: 2024-05-24 17:09

The State Taxation Administration recently issued the Announcement on Matters Concerning "Reverse Invoicing" by Resource Recycling Enterprises to Individual Sellers of Scrap Products (Announcement No. 5 of 2024 of the State Taxation Administration), clarifying that from April 29, 2024, when individual sellers of scrap products sell scrap products to resource recycling enterprises, eligible resource recycling enterprises may issue invoices to the sellers (referred to as "reverse invoicing"), adding impetus, improving efficiency and optimizing the environment for promoting large-scale equipment renewal and trade-in of consumer goods.

After a resource recycling enterprise issues a "reverse invoice," how should a red-letter invoice be handled if needed? Let's learn about it together↓

Q: After a resource recycling enterprise carries out "reverse invoicing," how should it handle the need to issue a red-letter invoice?

Answer:After a resource recycling enterprise issues a "reverse invoice," if a red-letter special VAT invoice needs to be issued through the VAT invoice management system due to sales returns, invoicing errors, sales allowances, etc., the resource recycling enterprise shall fill out the Information Form for Issuing Red-Letter Special VAT Invoices; if a red-letter special VAT invoice or general invoice needs to be issued through the electronic invoice service platform, the resource recycling enterprise shall fill out the Red-Letter Invoice Information Confirmation Form. When the resource recycling enterprise fills out the Information Form for Issuing Red-Letter Special VAT Invoices or the Red-Letter Invoice Information Confirmation Form, the corresponding blue-letter invoice information shall be filled in, and red-letter invoices must correspond one-to-one with the original blue-letter invoices.

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After a resource recycling enterprise issues a "reverse invoice," how should a red-letter invoice be handled if needed?

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Common Questions

After a resource recycling enterprise issues a reverse invoice, how should a red-letter invoice be issued if there is a return or an invoicing error?

After a resource recycling enterprise issues a reverse invoice, if there is a sales return, invoicing error, or sales allowance, a red-letter invoice needs to be issued. If a red-letter special invoice is issued through the VAT invoice management system, the enterprise shall fill out the Information Form for Issuing Red-Letter Special VAT Invoices; if a red-letter special invoice or general invoice is issued through the electronic invoice service platform, the Red-Letter Invoice Information Confirmation Form shall be filled out. When filling out the form, the corresponding blue-letter invoice information must be filled in, and red-letter invoices must correspond one-to-one with the original blue-letter invoices.

Do reverse invoicing red-letter invoices need to correspond one-to-one with the original blue-letter invoices?

Yes. When a resource recycling enterprise issues a red-letter invoice, the red-letter invoice must correspond one-to-one with the original blue-letter invoice. When filling out the Information Form for Issuing Red-Letter VAT Special Invoices or the Red-Letter Invoice Information Confirmation Form, the corresponding blue-letter invoice information must be entered to ensure that each red-letter invoice corresponds to only one original blue-letter invoice.

After a resource recycling enterprise issues a reverse invoice, how should the Red-Letter Invoice Information Confirmation Form be filled out?

When a resource recycling enterprise issues a red-letter invoice through the electronic invoice service platform, it must fill out the Red-Letter Invoice Information Confirmation Form. When filling it out, the corresponding blue-letter invoice information should be entered, including invoice code and number, to ensure the red-letter invoice corresponds one-to-one with the original blue-letter invoice. This confirmation form is used to apply for issuing a red-letter special VAT invoice or ordinary invoice.

For a reverse invoicing red-letter invoice application, who fills out the information form or confirmation form?

If a resource recycling enterprise needs to issue a red-letter invoice after reverse invoicing, the resource recycling enterprise shall fill out the Information Form for Issuing Red-Letter Special VAT Invoices or the Red-Letter Invoice Information Confirmation Form itself. As the invoicing party, the enterprise is responsible for initiating the red-letter invoice application process, and the seller does not need to operate.