Ideas for better compliance. Useful for Small and Medium Companies,

Good & “Practical” ideas.

Prevent the risk of Penalty of 200% . Making you safer.

 CSR – Do’s and Dont’s – latest Notifications, guidelines , shot by Finsys Team at Hotel Marriot, Jaipur.

Do you know that…Penalty of 200% has started
Are you Safe ?

Did you know about this
200% Penalty… for just mistakes / non compliances

Wishing you More Profits
From 5 to 10 to 20 to 50 to 100 Crores per annum

CSR Tax
200% Penalty possible

THIS IS LIKE A CSR TAX

Detailed checklist
Bill to you, & Ship-to Recipients
One of the best ways of protecting and complying…
Direct payment to Vendor
and Direct delivery of the Actual Goods / Services

Take a Thank you Letter
after delivery of the Actual Goods / Services

Photo also helps
But… direct delivery and direct payment is very important, preferable
CONTACT YOUR CA
YOUR CS / AUDITOR
TAKE PROFESSIONAL ADVICE
FINSYS TEAM , AT YOUR SERVICE

• This is now Year to Year – so, no need to pay CSR,if last year profit was below 5 Crores ( WOW )
• Do not give donation to any NGO that has not filed the form CSR-1 and does not have a MCA’s CSR number
• Do not entertain an NGO that does not have 80G + Take a copy from him of 80G registration
• Do not entertain an NGO that does not have 10A registration ( income tax exemption) + Take a copy
• Don’t use the funds to create an movable or immovable asset / any fixed asset… if you do, it must not be in your own company name. It mut be in name of the NGO, not yours
• Your website must have a separate Page for CSR with required details. Like committee,policy etc
• 100% of the CSR must be spent by you preferably by 28th February of that year… reason : else risk of “chq in transit” or risk of end user not spending it, and hence 200% penalty
• if you pay to any NGO… Must get a Utilisation certificate from the NGO in correct format ( contact us for format )
• CSR committee minutes required on record… 4 meetings in a year.. Minutes required.. Showing that progress was seen
  a four page CSR annexure II to the Directors Report.. Is mandatory. ( contact us for format )
• CFO certificate to the Board is mandatory… (contact us for format)
• Try to spend directly, that is the best, example : Spend on purchase of Aata / Food material / Winter clothing etc directy and handover on the Delivery challan of your company… with a thank you letter from any NGO . If possible

Take Guidance of your CA / CS team / Auditors regularly. Monitor this every month / three months.

Finsys is. an ERP Software that helps you Make more money from your men, machines, materials and existing money. This is by implementing the best methods.

Learned out of last 32 years intenstive work with the industry . From India to USA, From Nepal to Nigeria. From Ambala to Angola, From Gujarat to Goa. From Assam to Saudi Arabia, from UAE to UP,

Better ERP, More Profit … and More Profits More CSR Payments

ERP definition in detail ? ERP stands for enterprise resource planning, but what does ERP mean? The simplest way to define ERP is to think about all the core business processes needed to run a company: finance, HR, manufacturing, supply chain, services, procurement, and others…..  

Somebody else would say… a ERP means a single software which help runs all departments.. from Purchase, Sales, Stores, Accounts, Production,  Quality … From Gate to Gate.

Youtube – CSR – Do’s and Dont’s – latest Notifications, guidelines Hotel Marriot, Jaipur

What are the CSR guidelines in simple language ? How to prevent penalty ? Simple Audit checklist for CSR. Simple excel

ICSI CSR Guidelines on ICSI page

ICAI Handbook on Audit on CSR . Click here

Contact us at Contact us page

Reached the end of the page ? . ….Now you can click to see the EXCELLENT video below….

Nice Location, Nice Topic. Presented in an Interesting way.