Monthly creditable VAT control by supplier
Help me review VAT on purchases and payments for a month in Mexico using summarized data. Separate VAT invoiced, VAT paid and the amount that the available records support claiming as a credit. Do not assume they are equal.
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SUPPLIER AND RECEIVED INVOICE DATA:
- Period, tax regime and business activities:
- Transactions carried out and their VAT treatment:
- Purchases used for each activity and shared expenses:
Perform:
1. Check the arithmetic by internal ID and classify purchases by description, use and origin. Do not treat deductibility, imports and investments as mutually exclusive categories.
2. Read the Article 69-B lookup results provided, noting the date and exact status. If none were supplied, state that the status was not checked; do not infer supplier misconduct from that absence.
3. Review the VAT credit supported by the data for each document, explaining requirements and official sources applicable to the period. Identify partial payments, withholdings, returns and adjustments needing more support.
4. If a credit proportion may apply, identify which business activities and amounts need reviewing and what information is missing. Do not calculate it solely from the rates on supplier invoices or treat zero-rated and exempt transactions as equivalent.
5. A table showing VAT invoiced, VAT paid, the supported credit and amounts still to be checked. Avoid counting payments or documents twice.
6. A summary to review with my accountant. Do not calculate the final VAT payable or credit balance from purchases alone: identify the collection, withholding, prior balance and adjustment data that would also be needed.
7. Possible duplicates or differences, the data supporting each finding and a question to resolve it. Do not call an amount unusual without a basis for comparison.