Movement of unsellable stock to other distributor

Hi,

I need to move unsellable stock to other distributor of same company. Is it possible to it? Because I don't have any transactions with the other distributor, and more over company is paying/adjusting the stock value to my credit balance. So How to raise a stock movement voucher to other distributor and raise a credit note for the same to the company. 

 

Regards

Sujan

Replies (1)

Summary: If you share the same GSTIN, use a Delivery Challan for the stock movement. If you operate under different GSTINs, you must issue a Tax Invoice and pay GST as it is treated as a taxable supply, regardless of the goods being "unsellable." Always check with a tax professional regarding the specific financial "adjustments" the company is making to your balance, as those may have separate accounting and tax requirements.

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