Intrastate location asset transfer with GST invoice details

Dear Team,

The Taxation team in connection with Company Asset Transfer between inter-state location. As confirmed by Business, we need to raise tax invoice and E way bill for asset transfer between interstate locations. Also, we need to maintain the records of the same.

In Oracle, we are using the “Assignment” function for asset transfer from one location to another location-for Interstate and intrastate location asset transfer. This “Assignment” function will not generate any statutory document (Tax invoice) and Tax liability for the transfer. Also, this process did not include any sending location/ receiving location confirmation procedure, just like our stock transfer. So we are not able to track the asset transfer and no reports for the same are available.