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https://help.tallysolutions.com/docs/te9rel49/Value_Added_Tax/Regular_VAT/Consignment_Branch_Transfer_Inward.htm

Consignment/Branch Transfer Inward

 

The goods transferred by branch offices located outside the state can be recorded using the VAT/Tax class - Consignment/Branch Transfer Inward.

The stock received from outside the State as stock transfers recorded by selecting the user defined account group and the VAT/Tax class - Consignment/Branch Transfer Inward will be captured with the name of the account group in Profit & Loss Account.

Go to Gateway of Tally > Accounting Vouchers > F9: Purchase

Press Ctrl+V key combination to display the screen in voucher mode. Press F12: Configure and set the option Allow Expenses/Fixed Assets in Purchase Vouchers to Yes.

  1. Enter the Supplier invoice number and date.

  2. Credit the branch office ledger grouped under Branch/Division. The Party Details screen is displayed with the address, TIN and CST number provided in the party ledger master.

  3. Debit the stock transfer ledger with the VAT/Tax class - Consignment/Branch Transfer Inward. In the VAT Class Details screen, the VAT/Tax class appears as - Consignment/Branch Transfer Inward.

  4. Select the Name of Item from the List of Items.

  5. Enter the Quantity and Rate. The amount is automatically displayed in the Amount field.

  6. Similarly, select the required stock items, enter the Quantity and Rate for each of them.

  7. Set Is e-Sugam Applicable to Yes.

Note: The Commercial Taxes Department of Karnataka has introduced e-Sugam to upload the transportation details of notified goods before the movement of such goods. Set the option - Is e-Sugam Applicable to Yes on receipt of Notified Goods as stock transfer inward else set it to No.

  1. The e-Sugam sub-screen will be displayed for entering the details pertaining to:

  2. Invoice Delivery Date: The invoice date will be captured here.

  3. From Place: Enter the place from where the goods are despatched.

  4. To Place (Destination): Enter the name of place where the goods are to be delivered.

  5. Category of Transactions: The category of transactions as listed in the e-Sugam entry form in the Department website gets displayed as list of VAT Category Type. Select the category as - V-E Consignment for Sale (Receipts).

  6. Transporter Name (Carries Name / Agent): Enter the name of transport service used by seller to despatch goods.

  7. Vehicle Number (Despatch through): Enter the Vehicle Number here.

  8. Bill of lading/LR-RR No.: Entered the bill of lading/LR-RR number

  9. Quantity with Units: The quantity entered for each stock item will be captured along with the respective unit of measurement.

  10. e-Sugam Number: The unique number displayed in the e-Sugam acknowledgement obtained on uploading dealer TIN with the transportation details before despatch of these goods needs to be entered here. The seller of goods will inform the number to the purchaser.

  1. Press Enter to return to purchase invoice creation screen.

  2. Select F Form as Form to Issue. Enter the Form Series Number, Form number and Date, if details are available.

  3. Enter the details in the Narration field, if required.

  1. Press Y or Enter to accept and save.

 

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