Finsys ERP Team is inviting you to Two important Zoom meetings.
Topic: New MCA Notification on Accounting Software- Importance & Implications
Time: 04:00 PM
Date: Today 30th March 2021, Tuesday
The New Law
w.e.f. 1st April 2021, every company shall use accounting software with a complete Editing log. What you have to do, and how it effects you
First Seminar on Zoom
First : Only for MD’s, Directors, and CFO’s
30th March 2021 – Tuesday – 4.00pm (Today)
Conducted in Collaboration IamSMEof India,
Speakers Mr Rajiv Chawla, Chairman, IamSMEof India, Mr Sangeet Kr Gupta, Mr Puneet Gupta and Mrs Mayuri Gupta.
Must attend: Business Owners, Directors, CEOs, CFOs, Top Management
Register in advance for this meeting: https://us02web.zoom.us/meeting/register/tZIpdemqqz8qHdOYpFJvCCVz1Mn3qakh7WDp
Link capacity : for first 300 only
Second Seminar :
For all relevant Staff – Accounts , Purchase and Despatch Department
31st March 2021 – Wednesday – 4.00pm
Topics : Editing Trail in Finsys ERP : Operative aspect, What is to be done. What is not to be done. Changes due to E invoicing, Changes in Invoice numbering, Other guidelines for the April 2021 onwards.
GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS Notification
G.S.R. 207(E).— New Delhi, 24th March, 2021
In exercise of the powers conferred by sub-section (1) of section 467 of the Companies Act, 2013(18 of 2013), the Central Government hereby makes the following further
amendments in Schedule III to the said Act
with effect from 1st day of April, 2021, namely:-
In the said Schedule,-
(a) in Division I,-
(i) under the heading “General instructions for preparation of Balance Sheet and statement of Profit and Loss of a company”, under sub-heading “General instructions”, in paragraph 4, in clause (i), for the word “may” the word “shall” and for the word “Turnover”, at both the places where it occurs, the words “Total Income” shall be substituted;
3.Other income, write off’s… Anything …
Meaning May vs Shall
1.May meant : Company had a choice
2.Shall means : compulsory to use one of these
(i) under the heading “General instructions for preparation of Balance Sheet and statement of Profit and Loss of a company”, under sub-heading “General instructions”, in paragraph 4, in clause (i), for the word “may” the word “shall” …..shall be substituted;
(ii) Once a unit of measurement is used, it shall be used uniformly in the Financial Statements.
For queries, suggestions and feedback , you can e-mail us
If your Turnover was 50 cr to 100 Cr in any of last 3 years :
Read this carefully. Get E invoice ready immediately. Else big loss possible.
If your Turnover was over 35 crores and have more than 1 plant , check this above again. The GST invoices made for intra company , but inter state sales, say your Gurgaon plant ( Haryana) to your Pune Plant ( Maharashtra) …..it is to be added for this eligibility
If you are below 35 Cr , relax
if you are over 100 cr already. Your staff must have already done this
HSN Code – 6 Digit
IRRESPECTIVE OF YOUR TURNOVER
HSN Code: From April 1, 2021, Now you must mention 4 digit HSN Code/ 6 digit HSN code in invoices… you also and your vendors also…
IRRESPECTIVE OF YOUR TURNOVER, YOU MUST FOLLOW THIS
Aggregate Turnover in the preceding Financial Year
Number of Digits of Harmonised System of Nomenclature Code (HSN Code)
Up to rupees five crores
more than rupees five crores
E-Invoicing: From April 1, 2021, E-invoicing compulsory if your turnover exceeded Rs 50 Cr in ANY of the financial years starting from FY 2017-18 upto FY 2019-20. … Note : Add the even inter plant sales , and Interest income, rent income to see the total figure of 50 crores.
and Be Aware
GST Penalties / onroad problems should be avoided by awareness
and doing things “First time right”
Remember…Educate your Vendors too .. Else you will lose all your ITC on those bills…
and a possible penalty of Rs 25000 for incorrect invoicing ….per invoice
See the detailed demo files on the Google drive link below
Congratulations. After having done 15 plants already. Finsys is now a Pro in this line. So, this is a Metal Treatment company doing, Electroplating, Zinc Plating, Zinc Nickel Alloy Plating & Zinc Iron Alloy Plating Services and Electroless Nickel etc. They are also service providers of CED Coating Services, Electro Coatings Services, Plating Services, Zinc Coatings Services etc. Their services find application in automobile industry, metal industry, chemical industry and various other industries.
They serve the Tier 1, Tier 2 and Tier 3 vendors of companies like Maruti, Honda, Hero Motocorp, Honda Motorcycles etc
ERP Software for Electroplating
ERP Software for CED Solutions
ERP Software for Zinc Plating
ERP Software for Tier 2, Tier 3 Vendors
ERP Software for Corrugation, machine manufacturing, Software development company India, ERP Gurgaon, Gurgaon, Faridabad, India, Africa, Dubai
A company set up with global perspective in mind. Started by entrepreneurs with a vision to excel beyond horizons of the virtual information technology world, Finsys is a young and ambitious team.
GET IN TOUCH
TB-06, Crown Plaza Mall,
Sector 15A, Mathura Road,
Faridabad, Near Delhi NCR, India
Suite 200, 2F, Elegance Tower, Jasola Distt Centre, New Delhi
Unit 1, Level 2, B Wing, Regus, Times Square Building Andheri Kurla Road, Andheri (East) Mumbai, Maharashtra, India.