4. Stock Transfer

When Inventory in one Job needs to be transferred to another Job - the following steps needs to be followed:

1. Issue Material as a Stock Transfer from the Source Job.
2. Receive the Stock Transfer at the Destination Job.

The process to be followed is:

Taxable Stock Transfer

Under the GST regime in India in case material is transferred out of state GST is applicable on the stock transfer. The process followed in that case is:

1. When the material is issued the Taxes must be setup for the material being transferred.
2. An invoice is automatically generated that contains the details of the GSTIN of the sending Job and receiving Job. These GSTINs must be setup through the Job Billing Address section for the respective jobs.
   1. The Output GST taxes are credited into a liability account and must be settled through the GST return mechanism.
3. When the material is received the Invoice created in the earlier step is considered as a Vendor Bill (a Running Bill) and the Output GST is received as an Input Tax Credit.