India Corr Expo 2024 Mumbai Finsys ERP – Just 2 months left

Monthly Archives: July 2024

India Corr Expo 2024 Mumbai Finsys ERP – Just 2 months left

Welcome back to the new Edition of India Corr Expo 2024

Jointly with ICCMA 2024, India Corr Exp o 2024. … at Mumbai,2024,

Finsys agrees, that IndiaCorr Expo is a platform to grow your business 10x by building the right network, sourcing top-notch technologies, and by learning the latest corrugated packaging and folding carton industry trends. Network with reliable industry players including suppliers, associations, and allied bodies enabling you to reimagine your existing corrugated packaging, box making, and folding carton business. Source the best of machinery, ancillary equipment, raw materials and attend concurrent ICCMA Congress, organized by the Indian Corrugated Case Manufacturers Association (ICCMA)

Meet the ‘who’s who’ of the corrugation industry

Exhibit

IndiaCorr Expo is the most influential and the only dedicated large scale business-to-business event catering to the rapidly growing corrugated packaging and carton box making industry.

Are you ready to be part of it?

link = https://www.indiacorrexpo.com/

Visit

 Meet the ‘who’s who’ of the corrugation industry as we host exhibitors and guests from across regions. There’s every reason this year to be a part of the fair and benefit from all it has to offer.

Be a part of this.

ICE 2024

Network with leading corrugators and gather in-depth market insights at ICCMA Congress focusing on the theme “The Changing Landscape – Adapting to the New Normal”

Know more.

Some vivid memories from the last Expo at Mumbai … it was 2022.

Ideas and suggestions from Mr Prakash Nahata, Founder and Director of Yash Packers, Mumbai, Plant Vapi-Valsad. How the ERP technology brings things to his fingertips.

How ageing of reels is Real information. How FG stock is actually LIVE. How mobile Apps help him. How Barcodes help him.

Listen to his ideas, direct dil se. Thank you Prakash Sir.

We are a TEAM.

Meerut based Meerut Packaging Industries is one of the large Corrugation Plants in the Country today.

Mr Mahavir Aggarwal ji, Co-Founder and Joint Director of MPI shared during that 2022 exhibition, how using Alerts, Pop-ups, using the Reports and Extracts from the Finsys ERP… he is able to run his company with higher profits. Better Results. …..

so, Listen to his views at the India Corr Expo 2022

India Corr Expo 2022 Mumbai Finsys Meets the Industry Leaders

India Corr Expo 2022 Mumbai Finsys Meets the Industry Leaders – Day One

Finsys loves to be a part of the India Corr EXPO .. It is a part of our DNA … we have participated in every edition since 2013

India Corr Expo 2024 Finsys ERP at Bombay Exhibition Centre Mumbai

Finsys ERP Software,Corrugation ERP,Duplex Folded Cartons ERP,ERP Software for MSME,ERP Software Packaging

link to India Corr Expo 2023 pages

GST Rate Change 18 to 12—for Corrugated Boxes , Mono Cartons,

GST Rate Change for Corrugated Box, Mono Cartons from 18% to 12%


Notification No. 02/2024-Central Tax (Rate)   Released to Public on 12-7-2024 …

Effective from 15th -July-2024

GST on most of the Cartons ( Both Corrugated boxes, and Mono Cartons ) Changed to 12%

Finsys ERP is one of the best selling ERP Softwares for Corrugated Box(Packaging)
Finsys ERP is one of the best selling ERP Softwares for Corrugated Box(Packaging)

GST Rate change is applicable from today – 15th-July-2024

Carton Manufacturers

duplex box folded cartons ERP software
duplex box folded cartons ERP software

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUBSECTION

(i)]

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(Department of Revenue)

Notification No. 02/2024-Central Tax (Rate)

New Delhi, the 12th July, 2024

G.S.R. ……(E).- In exercise of the powers conferred by sub-section (1) of section 9 and sub-section (5) of section 15 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India, Ministry of Finance (Department of Revenue), No. 1/2017-Central Tax (Rate), dated the 28th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 673(E), dated the 28th June, 2017, namely:-

In the said notification, –

(c)        in Schedule II – 6%, –
            (iii)      for S. No. 153A and the entries relating thereto, the following S. No. and the entries shall be substituted, namely: –
“121A.
4819
Cartons, boxes and cases of, –
(a) corrugated paper or paper board; or
(b) non-corrugated paper or paper board”;
Focus of Government was on the Fruit growers, since their output is GST free,… and input was having 18% GST …..

Anyway.. it effects us all – Either as Buyers or as Sellers

For the Manufacturers of Corrugated Boxes and Mono Cartons, the Cash Flow problem gets reduced a bit

 


 

Action required for Web Finsys users… see this powerpoint on this Google link below

Powerpoint

Action required for Main VB Finsys users… see this powerpoint on this Google link below

Powerpoint

Notification Copy / Circular Copy official from CBIC / GST Dept

An Old video we made in 2021… for Change the GST Rate on your Sale Invoices in your ERP Software from 12 to 18



However, unlike in 2021 change… all Other items continue at existing rates and remain in 18% example :
 following items connected with the Printing and Packaging Industry
157D.
4909
Printed or illustrated postcards; printed cards bearing personal greetings, messages or announcements, whether or not illustrated, with or without envelopes or trimmings.
157E.
4910
Calendars of any kind, printed, including calendar blocks.
157F.
4911
Other printed matter, including printed pictures and photographs; such as Trade advertising material, Commercial catalogues and the like, printed Posters, Commercial catalogues, Printed inlay cards, Pictures, designs and photographs, Plan and drawings for architectural engineering, industrial, commercial, topographical or similar purposes reproduced with the aid of computer or any other devices.”;

 

 

and also change in case of Debit Notes or Credit Notes you make for past Price Increases or Decreases

Purchase Side

for all manufacturers…if you buy any of the above mentioned items, you also have to be aware of this, and Purchase Orders, MRR, and Purchase Voucher passing will change accordingly

 


Click the button below to download the original notification by the Government.


 

Once again, Remember to Change the GST Rate on both sides,

if you sell Corrugated boxes and Mono cartons, or you purchase the Corrugated Boxes and Mono Cartons



“Do it yourself” 1 step manual in the youtube above

 

Effects on you, on your ERP, on your Sales, and on your Purchase… due to the Change in the GST rates for Corrugation and Mono Cartons

 

Do you know what changes you have to do in Finsys ERP for the Correct action on the GST Rate change in Mono Cartons and Corrugated Boxes ?