57fc for 701 movement

[former_member748966]

Hi experts,

During physical inventory posting, we do 701 at subcontractors end. Is it possible to raise a 57Fc challan for 701 doc, as we do in 541 document. If so how it can be done. pls advice.

Regards,

vijay.s

[Former Member]

Logically it should not .

as u can send material out from plant and raise the 57FC challan only when u have stock in the plant

that means 57FC is used for transfering the excisable goods from plant to vendor only(crossing the excise range).

regards,

sujit

[Former Member]

Hi,

Try Assigning 701 movenet type in Tax on Goods Movements -> India -> Business Transactions ->

Subcontracting ->Maintain Movement Type Groups as Mvt Group -0001, Movement Typ 701 , Special Stock -O

Regards,

Vikas

[Former Member]

Hi,

SPRO -Logistics - General -Tax on Goods Movements -India -Business Transactions - Subcontracting-Maintain Movement Type Groups

In that select 541 copy & chanbe to 701, but this is not advisable as u r adjusting ur stocks wrt financial year.

Thanks

[former_member748966]

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