Stock Transfer Procudure - Flipbook - Page 1
STOCK TRANSFER BETWEEN TOYOTA TANZANIA LIMITED
AND BRANCHES
SCOPE: Between Toyota Tanzania Limited and its Branches and Vis versa.
INTRODUCTION: It has been reported that the T.R.A. VAT system upgrade does not allow sales within the same entity/company (Same TIN & VRN Number).
Thus, it has resulted from all TTL trading between H.Q to all TTL branches not claiming VAT between them, as it shows the same seller and same buyer with
Identical VRN & TIN trade with each other which is not allowed by the law (VAT act Rev.2014).
PROBLEM STATEMENT
To Transfer the stock between Head Office to Branches on the same legal entity without claiming V.A.T. Previously, it was possible but currently due to TRA
system upgrade it has been prohibited.
How do we comply with the VAT ACT?
Hypothetically, it is possible, but significant changes and shifts between systems and branches are needed.
Methodology
The product group (Franchise Code) must be set up with the correct NL/GL balance sheet number sequentially between each line. For Example, Sales &
C.O.S must be identical.
First Step: Identification of all Products (Franchise that need to be affected), below are the Franchise codes available in CDK.
Cat
Description
A
Accessories
B
Subaru
D
Daihatsu
H
Hino
I
Case Tractor
J
Toyota Japan
L
Toyota Local
M
DCM
N
Batteries
O
Oil & Lubes
Q
Accessories - Third Country
T
Toyota SA
Y
Tyres
Z
N/Franchise Parts & Acc In/Out
A – Accessories
D- Daihatsu
J- Toyota Japan
L- Toyota Local
M – D.C.M.
N - Batteries
H - Hino
O - Oils & Lubs
T - Toyota South Africa
Y - Tyres
Q – Accessories – Third Country
I - Case Tractor
Z - N/Franchise Parts & Acc In/Out
