Ideas in Finsys ERP, using QR Code.

a Short Youtube Video by Puneet Gupta ji

Automation by QR code

ERP system plays a vital role of automation in large scale manufacturing unit.

Finsys is updated according to the today’s need of the industry for making your business run systematically and smoothly.

Finsys provides you with

End-to-End QR Code System

Following are the points that will make you understand more about the QR code automation-

Finsys ERP generates the QR code sticker in real time (at the time of gate entry).

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You can make MRR by scanning this QR code.

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You can do inspection with the QR code generated at the time of GRM.

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QR code generated at the time of inspection helps to do entry in Finance.

Material QR code helps to make packing sticker for boxes.

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Dispatch advice can be made by scanning QR code sticks on the boxes.

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Scan dispatch advice and your invoice is ready.

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and last but not least you can make your gate out by scanning invoice.

Use this feature and be more human independent and system dependent. 

Finsys ERP at your service.

Listen the YouTube video below made by the Co-Founder of Finsys Mr. Puneet Gupta for more clarity and you can stay in touch just by following and subscribing.

Read : Report created by Finsys and how it helps?

Automation Tool : Examples in MRP, Job Card, Material issue, Receipt entry 

Automation is the vogue now and your Finsys understand and opts it.

Finsys ERP has many automation tools for you and to make your business run smoothly and at a good pace.

Following are some selected examples for you to understand the automation working of Finsys ERP-

MRP

You can make 100s of requisition considering all your stock just by a click.

Job Card

System even reminds the product and its small parts, production timing and the quantity of goods to be produce by the help of Bill of Material considering all your stock.

Receipt Entry

Companies like Maruti and Hero Haunda generally give large Size of payment advices these can be entered by a good pace to save time and effort with more accuracy.

Finsys ERP at your service with good and new features.

Listen the YouTube video below made by the Co-Founder of Finsys Mr. Puneet Gupta for more clarity and you can stay in touch just by following and subscribing.

TCS on Sales of Goods withdrawn from 1-4-2025 Finsys ERP

Major TCS Changes from April 1, 2025: Removed on Sales, and simplify compliance for businesses and taxpayers.

Extract from the Memorandum to the Union Budget 2025 released by Govt of India

Extract from the Memorandum to the Union Budget 2025 released by Govt of India

XIII. Reduction in compliance burden by omission of TCS on sale of specified goods.

1. Sub-section (1H) of section 206C of the Act, used to require ( till 31-3-2025)  any person being a seller who receives consideration for sale of any goods of the value or aggregate of value exceeding Rs 50 lakhs in any previous year, to collect tax from the buyer at the rate of 0.1% of the sale consideration exceeding Rs 50 lakhs, subject to certain conditions.

2. Section 194Q of the Act, requires any person being a buyer, to deduct tax at the rate of 0.1%, on payment made to a resident seller, for the purchase of any goods of the value or aggregate of value exceeding fifty lakh rupees in any previous year .

3. Sub-section (1H) of section 206C mandates tax collection at source (TCS) by a seller while Section 194Q provides for tax deduction at source (TDS) by a buyer on the same transaction.
4. Further, it is provided in sub-section (1H) of section 206C of the Act that the provision will not apply, if the buyer is liable to deduct TDS under any other provision of this Act on the goods purchased from the seller and has deducted such amount. Representations have been received that it becomes difficult for the seller to check whether the buyers have ensured the compliance of TDS deduction under 194Q of the Act.
5. This results in both TDS and TCS being made applicable on the same Transaction.

6. Therefore, to facilitate ease of doing business and reduce compliance burden on the taxpayers, it is proposed that provisions of sub-section (1H) of section 206C of the Act will not be applicable from the 1st day of April, 2025.

6. These amendments will take effect from the 1st day of April 2025.

This was a doubling “problem”… and leading to problems for both sellers and buyers… hence this has been removed from the law w.e.f. 1-4-2025

Action required in Finsys ERP : MUST Do

1. Cannot remove since old year compliance continue for audit etc
2. so, new year, Change the Flag “TCS” to “N” — in Party Master
3. and TCS percentage should be set as “0” — in Party Master

Source 1 : https://taxguru.in/income-tax/tcs-sale-goods-removed-april-1-2025-faqs.html

Source 2 : https://www.taxscan.in/major-tcs-changes-from-april-1-2025-removed-on-sales-foreign-education-more/498961/

Source 3 : https://cleartax.in/s/tcs-section-2061h-finance-act-2020-e-invoicing-gst

Source 4 : What was the situation of both TDS and TCS,  till 31-3-2025 ?  :  See link : https://mlgassociates.in/interplay-of-tds-194q-and-tcs-2061h-100-clarity

What to do, if already charged in invoices in April 2025 ?

Answer : Talk to your Friendly CA / Tax Consultant, Most likely answer is that you must issue the customer a Credit Note in 32 series.

Answer 2  : Do not deposit this TDS, do not upload in the TDS return of April to June 2025, the customer may face problems in getting this credit ( Depends on if the Govt software or the Govt officer is lenient or not )

Finsys at your service

Call Centre : 9015-220-220 ( Extn 1 or 2 )

Contact us page : click here

Support Email address : Support@finsys.in

Keywords : TCS on Sales of Goods withdrawn from April 2025 Finsys, TDS-TCS interplay, TDS 194Q is supreme now. and TCS 206C, for sale of goods has been withdrawn