Purchase return interstate

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 November 2011 Sir,
Iam working in a c&f firm cochin. Sir we have two c&f firms One at cochin and the other at coimbatore.
Sir we have problem that; our coimbatore firm has commit a sales at
kerala. and the same has been rejected by the customer due to some price variation. the sale invoice has been entered in the check post, sir what proceedures are we took to send back the product to coimbatore firm.
kindly give me the guideline.

G.Ramesh

G.Ramesh (Expert)
Follow

17 November 2011 The same documents which used for delivered may be used for return of stock

Querist : Anonymous

Querist : Anonymous (Querist)

17 November 2011 Sir, thanks for your reply.

ACMA Obulirajan R

ACMA Obulirajan R (Expert)
Follow

17 November 2011 If the material was rejected by the customer, then ask the customer to sign in the invoice by mentioning rejected or returned or even you can ask the customer to raise a debit note to company and send the material along with the debit note.

Querist : Anonymous

Querist : Anonymous (Querist)

17 November 2011 Sir, thanku for your reply
but there is still some problem That i heared that There are some more documents which should accompany THe returned stock such as form F ...
And also need e-declaration..
Sir Is there is a need for the above forms and proceedures?
Kindly give me reply sir.

ACMA Obulirajan R

ACMA Obulirajan R (Expert)
Follow

18 November 2011 Generally form F to be produced only when u do Stock transfer between one state to amonther state. This is nothing but internal trasfer and this is not a sale.

However If you have sold some material to a customer through interstate sale.. then the original invoice, debit note raised by the customer and road permit (if required) is enough..

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

18 November 2011 Sir,
Sorry for disturbing you again,I would like to know the proceedure of interstate stock transfer from kerala to tamilnadu.
would you please illustrate me the proceedure.and the documents which are required in both ends.

ACMA Obulirajan R

ACMA Obulirajan R (Expert)
Follow

18 November 2011 X company wants to transfer its good from kerala (manufacturing unit/warehouse/branchoffice) to tamilnadu (warehouse/branchoffice). it is only a internal transfer and not a sale. In this case the the receiving branch here tamilnadu has to give Form F to kerala for the effect of stock transfer.

Kerala has to send stock transfer invoice and tamilnadu has to give F form.

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

18 November 2011 Sir,
very thanks to you

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now