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Former Member

Clearing of vendor and customer in inter state stock transfer

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

    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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