How to sell an asset?

[Former Member]

Dear Friends

An asset is capitalised. This asset code is maintained with value but without any quantity.It can be seen from AR01. Now we have maintained a material code for it. Now we want to sell this asset. But this asset does not have any stock in any storage. Now to sell this asset we have to maintain it in storage location. I have all ready maintained sales area for the material.

Pls tell me how to maintain stock for this material

How to configure sales scenario for this asset?

Thanks

Sangeeta

[Former Member · Accepted solution]

hi

create the asset material with UNBW material type and then post the stock

now create a SAles order,delivery,billing and excise invoice

and also check this note for cenvat credit

for assets 2.5% abatement is applicable per quarter

Note 1244410 - Reduction of capital goods duty payable on CG transfer J1IS

regards

[Former Member · Accepted solution]

Hi

We will sell asset using scrap sales scenario and scrap pricing process. We dont pay excise duty as operating in non duty zone.

How do I deliver. When I dont have material stock?? How to upload stock?

Pls send me more threads related to this as I am not getting them from this forum

Thanks

sangeeta

[Former Member · Accepted solution]

hi

you have to upload the stock

regards

[Former Member · Accepted solution]

Hi

How to upload material? which T Code? Which MT?

Thanks

Sangeeta

[former_member266852 · Accepted solution]

Hi Sangeeta,

you can use T-code MB1C with movement Type 561 and received the material in required plant and storage location where from you want to delivery the assest.

Regards

Shambhu

[Former Member · Accepted solution]

Sangeetha,

When value of asset becomed zero then it automatically it becomes Scrap then you can as well call it as Scrap Sales. Similar to it attracts TCS. It will attractt VAT too.

MB1C - 561 Movement Type.

Regards

Sathya

[Former Member · Accepted solution]

Hello

I can upload quantity in the non valuated material from asset thru MT 242. Then through scrap sales are I can sell this material and create invoice to the customer.

But it does not reduce value the value of the asset acquisition value in AR01. How to reduce acquisition value of the asset ?

Thanks

Sangeeta

[Former Member · Accepted solution]

Dear Friends

Througn AVAON , can I reduce sset value according to the sales value?

I am trying to run ABAON. Here I gave asset number. Then I maintained the transction type: retirement with revenue, 210, I have maintained the uploaded quantity and a value. But system is giving the

following error message:

Posting with trans.type 210 not possible (No acquisition posted)

Message no. AA324

Diagnosis

Transaction type 210 belongs to a transaction type group, which can only be used to post to assets to which posting has already been performed. However, no postings have been made to this asset.

Procedure

Use a transaction type from a transaction type group, which can be used for the first acquisition to an asset.

Pls suggest

Thanks

Sangeeta

[Former Member · Accepted solution]

Sangeeta Mukherjee ,

The Best Thing is

1. YOu create material master for Asset (Non - valuated)

2. Create seperate sales documents and Billing documents

3. Create seperate Item category

4. Create seperate Pricing procedure for sales

5. Run the transaction continue with delivery and proceed with Billing

here it will be cust. Acc. Dr to Revenue Asset sales Cr.

6. Through Tcode ABAON ASset sales without customer

7. Revenue Asset sales DR to Asset sales Cr.

8. In OBYC maintain VAX

NOTE: Please check as per the error statement, it says that acquisition entry not posted. so cgheck the asset register to confirm if it is there then follow the above procedure.

Regards

Sathya

[Former Member · Accepted solution]

Hi Sathya

Thank you vry much for detailing. But I have go the following queries:

If I have to make new documnt types, pls mention how and which fields are required to be made different from OR-LF-F2. How this asset item category ansd and schedule line category will be different from the normal TAN and CP? What all condition types I need to maintain in the pricing procedure? We are in TAX INN , thogh we operate from xcise free zone.

How to see the asset register?

Thanks

sangeeta

[Former Member · Accepted solution]

Hi

In MB1C , 561 MT is not available!

Thanks

Sangeeta

[Former Member · Accepted solution]

Sangeetha,

Let me tell you you can do asset sales in two ways.

1. Through SD - OR-LF -F2 Standard Process. Here item category is same as TAN and normal Schedule line category CN - No MRP. (what i am trying to mention here is, you would have already customised item category and schedule line category for your normal sales process, i am asking you to create seperate Item category and schedule line category sales documents and billing documents for asset sales so that clarity will be there).

Carry out Item category determination and Assign Schedule line categories.

2. Sales of Asset as Direct FI Entry.

For Asset sales Excise duty is not applicable. As i told Only VAT is applicable. Any sales even from Excise free zone. VAT is applicable. VAT is 4%

Cess, Education cess and secondary Eductaion cess are not applicable.

But if you treat it Asset as Scrap then VAT, CESS, EDu.Cess, Sec .Cess are applicable Even TCS is applicable.

Regards

Sathya

[Former Member · Accepted solution]

Sangeetha,

a. Retirement with Revenue with Customer : F-92 - With Customer

In case you are going to retire with profit, i.e, retirement value is more than book value.

Sales to customer happens

b. Retirement without Revenue without Customer :ABAON

retirement value is less than the BOOK value,

Note: I Got help from MY FI Consultant

Regards

Sathya

[Former Member · Accepted solution]

He Sathya

Thanks a lot for detailing. But why should I create a new pricing procedure? In case of selling the asset, I can keep the condition recoreds for excise , cess , ecess zero and only maintain value for VAT??

In our case , we want to sell it as scrap. We also have a seperate scrap pricing procedure. Can you tell me the steps I need to follow in case I want the asset to be sold as scrap?

Thanks

sangeeta

[Former Member · Accepted solution]

Thanks

Sangeeta

[Former Member]

Sangeeta,

there are lots of threads in SDN regarding Asset Sales.

For your info you can refer the followings

Thanks,

Raja