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Return STO PO under GST and reversal financial impact

May 15 at 04:26 AM

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STO process overview

  • 1)Receiving plant will create a PO to supplying plant.
  • 2)Supplying plant will process this PO through VL10B.
  • 3)Delivery will be created.
  • 4)Post Good Issue will be done through VL01n / VL02n.
  • 5)Invoice will be created.
  • 6)Receiving plant will do the MIGO.
  • 7)Supplying plant is created as a vendor and supplier will be credited by passing the entry in J_1IG_INV.

Now we have to process a return STO for the same

  • 1)Return PO created
  • 2)MIGO done against this PO - stock reversed
  • 3)Need to know how we can give the financial impact under GST or how we can pass reversal entry of supplier bill booking.

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1 Answer

PRASOON AK May 15 at 06:38 PM
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Hi,

STO reversal is in fact another STO in reverse direction. I would suggest you to create a return STO and then follwo the same process - delivery, GST Invoice, GR and J_1IG_INV. System will automatically reverse the entries.

Regards,

Prasoon

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I already suggested but client want to show it as a purchase return in the received plant .

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Hi,

I have already suggested the return process only -

"I would suggest you to create a return STO and then follow the same process - delivery, GST Invoice, GR and J_1IG_INV. System will automatically reverse the entries".

Follow the process and revert back!

Regards,

Prasoon

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