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We are facing problem in Capital Goods when our other unit
send us Capital goods we book it in Fixed assets but if we
transfer the same capital goods to other unit we have to
make sale bill in which this item goes to inventory, and the
qty is shown as negative balance, but our unit is asking for
Invoice, Please explain how we will settle this qty from
assets as per excise rule.
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Answer / surendra
If u r Doing business i.e sale and purchase of assets, then
it is treated as a stock in trade and not as a fixed assets,
so at the time of first purchase u have to enter those items
as a stock, and at the time of sale u can straight away
raise the sale invoice
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