Understanding PIS/PASEP and COFINS Processing for Purchase Returns

You process purchase returns when you return merchandise that you have received into inventory from the supplier.

When you create a credit memo for a purchase return, the system performs these steps:

1. Retrieves the tax information from the original nota fiscal from the F76B011 table.

   The system does not calculate PIS/PASEP or COFINS taxes based on the credit memo.

2. Writes records to the F76B011 table to reverse the tax information that appears on the original nota fiscal.

   The new records contain the nota fiscal number from the purchase return nota fiscal that you printed during the purchase return process. The system marks the records as "not processed." The amount that the system writes is based on the original tax amount.

3. Marks the record in the F76B011 table as processed when you run the PIS COFINS Netting Process program (R76B9011).