Invoice barter transactions
Invoice for implemented under a contract of barter goods billed based on contractual prices. VAT amount is allocated to the invoice, the buyer organization must list a separate payment order on account of the organization-seller. Similarly, acts, and the second side. In this case the payment orders for the transfer tax the amounts of VAT charged by the parties contract with each other (Section 4 of Art. 168 NC).
Offsetting is regulated by Article 410 of the Civil Code, which is one way to stop opposing uniform obligations of the parties.
The notion of "counter-reciprocal obligations" is not spelled out in civil law, but it can reveal its basic principles:
the parties must participate in two Obligations to the lender under one contract is a debtor in another;
homogeneity of the subject of the obligation (cash, goods and items of the same genus, etc.);
period of performance must come from both the credits requirements;
in accordance with Article 411 of the Civil Code requirements should not be allowed to offset.
Terms of contracts and the date of their conclusion may be different. Also, contracts may contain different terms of performance, conditions and amount of payment. In addition, the agreement may contain different amounts, payment terms and deadlines.
As for the documentary display of set-off of mutual claims, neither civil nor the tax laws do not contain specific guidance on this matter. In practice, the organization that decided to settle on draws a bilateral act, and before drawing up the document you want to organize a reconciliation calculations. Such a procedure is relevant in that it allows to ascertain the amount of arrears, in addition, the act is a confirmation of the consent of the parties to an offset similar counterclaims.