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Clearing of vendor and customer in inter state stock transfer

Dec 21, 2017 at 05:36 AM

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Former Member

Dear All,

In the post GST scenario while transfering stock from one state to other state GST is applicable on that transaction.So for GST calculation the plant from where the stock is transferred is created as a vendor and the plant in other state which is receiving the stock is created as a customer.one plant will be sending goods to different plant and also receiving from different plant.

while sending goods the entry is

customer a/c Dr

to goods in transit a/c

to GST payable

when goods received

Goods in transit a/c Dr

GST input a/c DR

to vendor

Now we need to do clearing of both vendor and customer which may be one to one and one to many.

Please advice how to do the clearing in this scenario

Regards

Shivaji

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1 Answer

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Former Member Dec 21, 2017 at 07:35 AM
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Hi Shivaji,

Assign customer to vendor,s master data (control tab) , and active option "Clrg with customer" (clear with customer) in company code data under "payment transaction accounting".

Regards,

Iftikhar

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Former Member

Hi Iftikhar,

Thank you for your reply.I did the same as mentioned by you.The issue here is vendor customer relation is one to many.one vendor can be assigned to many customers.But we can clear the customer which is assigned latest.E.g if vendor A is assigned to customer B C D then we can clear only D and A.then remove this and again we have to assign C to vendor A.

Please advice in this scenario how to proceed.

Regards,

Shivaji

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While giving further updates to the members' query, please do so under Comment and not under Answer, as you were not answering but only sharing additional informations to enable the members to assist you. Meanwhile, I have converted your above post from Answer to Comment.

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Former Member

Hi Lakshmipathi,

Thank you for your support.

Regards,

Shivaji

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