Chennai Stock：Stock Transfer Orders for India

You can use transfer order to proces. ax registry numbers, the india goods and services tax (GST) should be calculated and posted for the transfer order.TAX BASE MAY Be DEFINED as the Current Cost Price of the Item Being Transferred or A Special Transfer Price. Fer Shipment and as GST RecoveRable Upon the Transfer Receipt. An Interim Transit Account Is using ASAn official account for the posting and is nullify when the transfer order is fully received.

The stock transfer functionality that is available for india supports this process.

Enable the footowing features in the feature management workspace:

(India) Improvements in Unit Price and Cost Price Handling in Stock Transfer Orders

(Stock Transfer for India) Set Up The Default Transfer Type and Price Type Transfer Orders Created from Master Planning

Enable Uniform Tax Amount and GST Transaction Id for Both Shipment and Receipt Transaction of a Stock Transfer Order

For more information, see feature management overview.

You Also Need to Configure the India GST Functionality To Enable GST Calculation for Stock Transfer Orders. overview.

You can define a default transfer order type and a default price type for transfer order that are created manually. Age, on the Transfer Orders Tab, Select Stock Transfer in The Transfer Type Field to Enable The Stock Transfer FunctionalityFor all newly created transfer orders. In the price type fired, select a default price type for newly created stock transfer orders:

Cost Price-The Cost Price, or The On-Hand Price, of the It's Will Be used for Stock Transfer Orders.

Transfer Price -The Transfer Price that is set up for the item will be used for stock transfer orders.

You can define a default transfer order type and a default price type for transfer order that are created when, the mask poland module. On the Master Planning Parameters Page, On the Standard Update Tab, Select Transfer Type and Price Type in theFirm -transfer group.

To call gst for an it in a stock transfer order, you need to configure Certain Parameters on the Release Details Page, SUCH As HSN Codes and Tax Rate YPE. For more information, see assign hsn codes and sacs to products.

You can configure the priors that will be used wheressing stock transfers for an item. To do this, Open The Transfer Price from the Release DETAI ls page.

You must configure the interm transit account, which is done on the follow pages:

In the Inventory Management Module, on the Posting Page, on the Transfer Order Tab, Specify the Interim Transit Academ.

On the tax setup page, click Setup, and on the setup page specify the interm transit for stock transfer account for all GST components that may be conclied for GSTO ck transfer. For more information, see define main accounts.

You Must Also Set Up Main Accounts to Post Inventory Cost for Transfer Orders to. Specify the Following Accounts FROM The Inventory Tab on the Page Inventory Management:

Inventory issues

Inventory Receipt

Inter-Unit Payable

Inter-Unit Receivable

Inventory Expendosition, LOSS

In the Standard Finance and Operations Functionality, Transfer Orders are only posted to general,

A dimension link is enabled, so that there is a link between the site inventory and the some finance.

The Transfer Order Order Orvement OCCURS BETWEEN WAREHOUSES THAT BELONG to Different Sites. This Condition Applies to the From, Transit, and to Warehouses. If the from wareh OUSE and Transit Warehouse Belong to the Same Site, The Transfer Order Shipment isn't Posted to General Ledger. Similaly, if the transit warehouse and to warehouse belong to the say site, The Transfer Order Receipt isn't to General Ledger.

If you must post stock transfers to general Ledger and Track Inventory in Transit Warehouses, we recommend that you enable a Dimension Link and Create Sites for Tran. sit warehouses.

For more information, see configure and manage finance discension links to sites.

The Follow Example SCENARIO Shows Frequently Performed Actions that are associated with transfer orrerr type filed to Stock Transfer and The D Imension link is enabled.

Go to Inventory Management> Outbound Orders> Transfer Order and Create a New Transfer Order.

In the from warehouse fired, select the support warehouse that the items are dispatched from.

In the way, it is a search it.

In the transfer type fired, select stock transfer to apply gst to the transfer of items.

In the price type fired, select a default price type for transfer ordeer lines.

On the transfer order lines tab, create a new line. In the item number fired, select the item to transfer.

In the Transfer Quantity Field, Enter the Quantity of the Items to Transfer. In the United Field, Change The Default Unit of Measurement, if required.

In the price type fired, select the price type for the transfer order line, from the following options:

Cost Price-The Cost Price, or The On-Hand Price, of the item is using for the transfer order line.

Transfer Price -The Transfer Price that is set up for the item is using for the transfer order line.

In the United States, Enter the Cost Price or The Transfer Price for One Unit of the Item.

SELECT TALEMation to Review The Tax Configuration for the Transfer Order.

At the line level, on the invent transfer order from local, you will find tax information that is linked to the shipment (from warehouse).

At the line level, on the invent transfer order to local to local, you will find tax information that is linked to the receipt (to warehouse).

Go to inquiries> tax document, and verify that the tax is called calculated correctly.

Select ship> Ship Transfer Order. THEN, on the Shipment Page, Post The Transfer Order Shipment:

Select the explode lines checkbox, and then, in the update fire, select all.

Select setup> Tax documents, and review the tax settings and amounts. Make any adjustments that are required.

Close the tax document page, and then select ok on the ship page to post the operation.

Select Receive> Receive. Then, on the Receive Page, Post The Transfer Order Receipt:

Select the explode lines checkbox, and then, in the update fire, select all.

Select setup> Tax documents, and review the tax settings and amounts. Make any adjustments that are required.

CLOSE The TAX DCUMENT PAGE, and then Select Ok on the Receive Page to Post the Operation.

You Can Also Cancel A Previously Posted Stock Transfer Order Shipment if No Receipts Have Been Posted for This Order. Ransfer order history. On the transfer order history page, selection a previously posted shipment. Select Cancel, And Confirm the CONCELLELATION of the Shipment. The Shipment will be carled, and all inventory movements and the GST that was posted for the shipment will be reverseedChennai Stock. Transfer Order Cancellation "Feature in the Feature Management Workspace Must be enablel transfer order orderShipments.

The Rest of this Article Providents Several Examples that show how Stock Transfer Orders Are Posted Under Different Conditions.

This exmple has the footowing preconditions:

Current Inventory Cost Price at the Moment When the Shipment Is Posted = 100 Indian Rupees (RS.)

From Warehouse = Site 1

Transit Warehouse = Site 2

To warehouse = site 3

Transfer Order Shipment Posting

LEDGER Account name

Financial Dimension Linked to Site

Debit amount (rs.)

Credit amount (rs.)

Inventory issuesNagpur Stock

Site 1

Inventory Inter-Unit Receivable

Site 1Kolkata Stocks

Inventory Inter-Unit Payable

Site 2

Inventory Receipt

Site 2

Transfer Order Receipt posting

LEDGER Account name

Financial Dimension Linked to Site

Debit amount (rs.)

Credit amount (rs.)

Inventory issues

Site 2

Inventory Inter-Unit Receivable

Site 2

Inventory Inter-Unit Payable

Site 3

Inventory Receipt

Site 3

The Balance on the Inventory in Transit Can Be Calculated As Inventoryissue-Site2-InventoryReceipt-Site2. This Balance is Nullified Upon the Recept.

This exmple has the footowing preconditions:

Current Inventory Cost Price at the Moment When the Shipment is posted = 100 RS.

From Warehouse = Site 1

Transit Warehouse = Site 1

To warehouse = site 3

Transfer Order Shipment Posting

No posting to general Ledger Occurs.

Transfer Order Receipt posting

LEDGER Account name

Financial Dimension Linked to Site

Debit amount (rs.)

Credit amount (rs.)

Inventory issues

Site 1

Inventory Inter-Unit Receivable

Site 1

Inventory Inter-Unit Payable

Site 3

Inventory Receipt

Site 3

In this case, no inventory in transit balance is tracked.

This exmple has the footowing preconditions:

Current Inventory Cost Price at the Moment When the Shipment is posted = 100 RS.

Unit Price that is spiecified on the line = 120 RS. This price can be the inventory counTee, the mother was created or UPDATED, or it can be the traffic. Rice of the item.

Taxable value (base amount) = 120.00.

GST Rate = 10 Percent.

From Warehouse = Site 1.

Transit Warehouse = Site 2.

To warehouse = site 3.

Transfer Order Shipment Posting

LEDGER Account name

Financial Dimension Linked to Site

Debit amount (rs.)

Credit amount (rs.)

Inventory issues

Site 1

Inventory Inter-Unit Receivable

Site 1

Inventory Inter-Unit Payable

Site 2

Inventory Receipt

Site 2

GST Payable

Site 1

Interim account

Site 1

Transfer Order Receipt posting

LEDGER Account name

Financial Dimension Linked to Site

Debit amount (rs.)

Credit amount (rs.)

Inventory issues

Site 2

Inventory Inter-Unit Receivable

Site 2

Inventory Inter-Unit Payable

Site 3

Inventory Receipt

Site 3

GST ReceIVABLE

Site 3

Interim account

Site 3

The Balance on the Inventory in Transit Can Be Calculated As Inventoryissue-Site2-InventoryReceipt-Site2. The Balance is nullify upon the receptive.

This exmple has the footowing preconditions:

Create an item that uses the state count inventory model.

Create and Activate Different item Prices for the item, where counting type = standard Cost and Price Type = Cost: Cost: Cost: Cost:

Price = 115 for site 1

Price = 112 for site 2

Price = 111 for site 3

Inventory Cost Price is defined by the state, the from warehouse site and equals 115 RS. In this case.

From Warehouse = Site 1.

Transit Warehouse = Site 2.

To warehouse = site 3.

Transfer Order Shipment Posting

LEDGER Account name

Financial Dimension Linked to Site

Debit amount (rs.)

Credit amount (rs.)

Inventory issues

Site 1

Inventory Inter-Unit Receivable

Site 1

Inventory Inter-Unit Payable

Site 2

Inventory Receipt

Site 2

Cost Change Variance

Site 2

Transfer Order Receipt posting

LEDGER Account name

Financial Dimension Linked to Site

Debit amount (rs.)

Credit amount (rs.)

Inventory issues

Site 2

Inventory Inter-Unit Receivable

Site 2

Inventory Inter-Unit Payable

Site 3

Inventory Receipt

Site 3

Cost Change Variance

Site 3

The Balance on the Inventory in Transit Can Be Calculated As Inventoryissue-Site2-InventoryReceipt-Site2. The Balance is nullify upon receipt.

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