Because this business is a sales business.
VAT output tax = 300,000×17% = 51000 yuan.
Therefore, the construction cost = 200,000+51000 = 251000 yuan.
Borrow: Construction in progress 25 1000
Credit: 200,000 goods in stock.
Loan: Taxes payable-VAT payable (output tax) 5 1000
Real estate construction of fixed assets, real estate does not belong to the taxable object of value-added tax, but belongs to taxable business tax, and the input tax of fixed assets related to real estate materials or building materials is not deducted, and the cost of fixed assets (real estate) is composed.
Fixed assets, real estate used for production and operation and the corresponding VAT input tax can be deducted. It is a fixed asset (movable property) deducted from the input tax of raw materials used for construction or renovation. The input tax is deducted from the original purchased materials, but the input tax of raw materials can also be deducted without being transferred out.
Extended data:
Output tax = sales * tax rate or output tax = component taxable value * tax rate.
[Example 7- 10] A steel mill uses steel with a cost price of160,000 yuan for foreign investment. Assuming that the cost profit rate is 10%, try to calculate the VAT output tax of this steel plant.
The output tax of value-added tax in this steel plant =16 * (1+10%) *17% = 2.992 (ten thousand yuan).
[Example 7- 1 1] A decoration material sales company is a general VAT taxpayer. In August 2008, the following business happened: the company purchased a batch of decoration materials, paid 2 million yuan for the materials, and obtained a special VAT invoice; Sales of decorative materials income of 4 million yuan, including value-added tax; Another decoration project is completed, and the decoration project cost is 500,000 yuan (including decoration material sales and value-added tax); The Ministry of Automobile Transportation to which it belongs has obtained transportation income of 654.38 million yuan, but the company has not separately accounted for the above income. Try to calculate the value-added tax output of the company in August.
Baidu Encyclopedia-VAT Output Tax