Scrap Sale Process change

Current Process

1. In the current Process MSTC handling the bidding process for UCIL for selling of scrap.
2. UCIL receives partly advance payment from customer against the sale value of scrap.
3. MSTC collects remaining amount as their commission from customer and handover the
calculation sheet to UCIL.

Issue:-1.Customer account is not getting settled as we are not receiving full amount from customer.

2. Module wise reconciliation issue will arise as oracle handles different events through
different module.

Proposed Process Change

1. UCIL will collect full amount from customer as advance or can paid as per the payment term
agreed with customer.
2. The advance amount will be fully settled against the Scrap Tax Invoice issued to Customer.
3. MSTC will raise separate invoice to UCIL against the commission charge.
4. Invoice for Commission will be booked against MSTC in Payables Module with proper approval
flow.
5. Payment will be made after approval and validation, taking in to consideration all Tax deduction
requirements.( TDS,GST,TCS)