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In India, it is mandated by the GST Law. According to the law, we are permitted to send materials, goods, or anything else outside of our company's premises using a sales invoice or a challan. If materials, goods, or anything else is sent outside the company based on a challan, it must be returned within 180 days; if not, the GST input we obtained on that item at the time of purchase must be reversed, or we must pay the GST amount to the government since it will be considered a sale.It must have functionality because the same requirement exists in other countries as well, otherwise businesses would be dealing it with customization which is very expensive and time consuming.
Category: Tax
its a legal requirement in india under GST Law. As per law we can sent the Material/Goods or any other thing outside the business premises either on the basis of sales invoice or on the basis of challan.if material/goods or any other thing sent outside the organization on the basis of challan then it should be returned back with in 180 days otherwise GST input which we have availed on that item at the time of purchase that input we need to reversed or we need to pay the GST amount to the government as it will be treated as sales in that case.The same requirement exist in some other country also so its a must have functionality as otherwise business doing customization or handling all this manually which is very tough, costly and time consuming activity.
Category: Tax
its a legal requirement in india under GST Law. As per law we can sent the Material/Goods or any other thing outside the business premises either on the basis of sales invoice or on the basis of challan.if material/goods or any other thing sent outside the organization on the basis of challan then it should be returned back with in 180 days otherwise GST input which we have availed on that item at the time of purchase that input we need to reversed or we need to pay the GST amount to the government as it will be treated as sales in that case.The same requirement exist in some other country also so its a must have functionality as otherwise business doing customization or handling all this manually which is very tough, costly and time consuming activity.
Category: Tax
This is must requirement in manufacturing industries, please share some possibility and plan to provide delivery challan function under inventory management,Not only in India, some other country's also having same business practices for sending materials for repairing and subcontracting process.
Category: Tax
I think this should be considered on a priority since this is a legal requirement.
Category: Tax
As per Rule 55 (1) of CGST Rules, following are instances when delivery challan can be issued for transportation of goods without an invoice:
Transportation of goods for job work.
Transportation of goods for reasons other than by way of supply
Transfer of Goods in Multiple Shipments
Tax invoice could not be issued at the time of removal
Kindly address all the 4 scenarios as part of this Idea
Category: Tax
This is also applicable for spare parts of machinery which goes out for repair at Vendor site. User typically don't wish to create new material code for these parts and would typically prefer to use a common outward material code and include quantity returnable. Therefore Transfer order option is not feasible. It would be better if Gate Management solution is extended with following information or text fields include to enter these:
GSTIN for Legal Entry and Vendor, Vendor Address of Service Centre, Unit Of Measures in report, Text entry HSN code, Purpose in header and lines level, Estimated value of part
Category: Tax
you can map this scenario through stock transfer and change GTE file accordingly. (Only for material)
GST can be calculated but not posted in ledger.
Category: Tax