Dear Clients! LLC “Seventh Legion” asks the Buyers to return the signed primary accounting documents in time, because a failure to return primary documents violates the rights of the Supplier and creates a situation in which the Supplier may be held liable by the tax authorities.
The bill of lading is one of the main primary supporting documents and is always drawn up when goods are transferred from the seller to the buyer. Clause 1, Article 9 of the Federal Law of 06.12.2011 № 402-FZ “On Accounting” states that each fact of economic life is subject to registration of the primary accounting document.
In this case, the fact of business life should be understood as a transaction, event, operation, which have or may have an impact on the financial position of the economic entity, the financial result of its activities and (or) the movement of funds.
Primary accounting documents are obligatory not only for accounting, but also for taxation (Article 252 of the Tax Code of the RF).
Article 120 of the Tax Code of the RF foresees responsibility for gross violation of rules of accounting of income and expenses and (or) objects of taxation. At the same time gross violation of rules of income and expense accounting and taxation objects for the purposes of this article means absence of primary documents or absence of invoices or accounting registers, systematic (two or more times in a calendar year) untimely or incorrect reflection of business transactions of money, tangible assets, intangible assets and financial investments of the taxpayer on the accounting accounts and in reporting.
