Finsys is better than Tally / Busy in case of Multi Factory setup . Know How ?

20 Critical Accounting & Operational Checkpoints Every ₹100 – ₹500 Crore Company Owner Must Review

Why This Matters to You

If you’re running a ₹100 crore to ₹500 crore manufacturing or trading business with multiple plants, factories, or locations across India, you’re likely losing crores annually without even knowing it. Your current accounting software (Tally or Busy, or similar) was designed for small businesses—not for complex, multi-location enterprises like yours.

This checklist exposes 20 critical blind spots that keep you from having real-time visibility, consolidated control, and data-driven decision-making across your entire organization.

🚨 The Hard Truth

Tally and similar accounting software have fundamental limitations that become critical bottlenecks at your scale:

• ❌ Cannot create one “supplier ledger” across all plants (each location maintains separate ledgers)
• ❌ Bank reconciliation across multiple locations is manual and fragmented
• ❌ Consolidated P&L requires manual Excel work—no automatic joint view
• ❌ Consolidated Balance Sheet cannot be generated automatically across entities
• ❌ Joint GST payable across all GSTINs? Not possible without manual consolidation
• ❌ No multi-plant MRP—you’re overstocking in Plant A while Plant B faces shortages
• ❌ No inter-plant stock optimization—excess inventory sits idle while other plants purchase fresh
• ❌ Weak Gate Entry System … Goods may not Cross “Gate” … yet accounts may pass the Purchase entry  in Tally Traditional version. ( Finsys has strong GATE entry system with QR codes)
• ❌ Weak PO Controls System … Since there is no Gate Module…. Goods Come without PO … PV Passing is not Locked
• ❌ Weak / No Quality Controls System … Goods Fail in QC … yet Purchase entry is not Locked
• ❌ No Goods in Transit System … Goods go from plant 1 to plant 2… in tally, Plant 2 does not know about any goods in transit
• Strong Gate Entry System … Goods do not Cross Gate … no Purchase entry in Finsys for “goods”.
• ❌ Strong PO Controls System … Goods Come without PO … no Purchase entry in Finsys for “goods” ~ PV Passing Locked
• ❌ Strong Quality Controls System … Goods Fail in QC … Automatic … no Purchase entry in Finsys for “goods” ~ PV Passing Locked
• ❌ Accounts does not know the Job Card position
• ❌ Production done even for black listed customer… ( in case of non payment .. ) .. here Job card level control is possible

Result: You’re making ₹500 crore decisions with fragmented, delayed, and incomplete data. & Some Forced Errors also

✅ The 20-Point Checklist: Questions Every Owner Must Ask

Section 1: Multi-Location Accounting & Consolidation (Points 1-6)

1. Single Supplier Ledger Across All Plants

Question: Can you see all purchases from “ABC Supplier Pvt Ltd” across all 5 plants in ONE ledger account?

Reality Check: In Tally, each plant maintains a separate ledger for the same supplier. You cannot:

• Negotiate better rates with consolidated purchase data
• Track total exposure to one supplier across the group
• Identify duplicate payments or discrepancies across locations

What You’re Losing: 0.5%-2% better pricing through consolidated negotiations = ₹0.50 Cr -₹ 10 crore annual savings on ₹500 crore purchases.

2. Consolidated Bank Reconciliation

Question: Can you reconcile  Same bank account used across all locations in ONE Screen / One Click ?

Reality Check: Tally requires manual reconciliation per location. No automated matching across entities.

What You’re Losing:

• 15-20 hours/month of your finance team’s time
• Delayed fraud detection (average 45-60 days in manual systems)
• Unidentified duplicate payments or banking errors

3. Automatic Consolidated P&L

Question: Can you generate a joint Profit & Loss statement for ALL plants/entities instantly?

Reality Check: Tally requires manual Excel consolidation. Each plant’s P&L is separate. Inter-company transactions require manual elimination.

What You’re Losing:

• Real-time visibility into which plants are truly profitable
• Inability to make quick course corrections (by the time you see the P&L, it’s month-end)
• Board/Investor reporting delays of 5-7 days

4. Automatic Consolidated Balance Sheet

Question: Can you see your group’s total assets, liabilities, and equity in ONE Balance Sheet?

Reality Check: Manual consolidation required. Inter-company receivables/payables don’t auto-eliminate.

What You’re Losing:

• Inaccurate working capital picture
• Delayed loan covenant compliance reporting
• Inability to optimize group-level debt structure

5. Joint GST Payable Across All GSTINs

Question: Can you see total GST liability across all 8-10 GSTINs in ONE view?

Reality Check: Each GSTIN files separately. No consolidated GST dashboard. Manual Excel work to see group-level GST exposure.

What You’re Losing:

• Inability to optimize Input Tax Credit (ITC) across entities
• Missed opportunities for GST planning (₹ X Lakhs annually)
• Compliance risks from manual consolidation errors

6. Inter-Company Transaction Elimination

Question: When Plant A sells to Plant B, does your system automatically eliminate this in consolidation?

Reality Check: Manual identification and elimination required. High risk of double-counting revenue. ( Important )

What You’re Losing:

• Inflated revenue figures (misleading stakeholders)
• Incorrect tax calculations
• Audit findings and compliance issues

Section 2: Multi-Plant Inventory & MRP (Points 7-12)

7. Multi-Plant MRP (Material Requirement Planning)

Question: Does your system tell you: “Plant A has 500 units excess, Plant B needs 300 units—transfer instead of purchasing”?

Reality Check: Tally has NO MRP functionality. Each plant plans independently. No visibility into excess/shortage across locations.

What You’re Losing:

• ₹5-10 crore annually in unnecessary purchases (while excess stock sits idle elsewhere)
• 15-20% higher inventory carrying costs
• Stockouts in one plant while another has 6 months of excess

8. Multi-Plant Stock Comparison (Quantity View)

Question: Can you see the same raw material’s stock quantity across all plants in ONE screen?

Reality Check: Each plant’s stock is separate. No cross-plant visibility without manual Excel work.

What You’re Losing:

• Inability to optimize procurement (bulk buying across plants)
• Emergency purchases at premium prices (while other plants have stock)
• 10-15% higher inventory costs

9. Multi-Plant Purchase Rate Comparison

Question: Can you see what price each plant is paying for the same item from the same supplier?

Reality Check: No cross-plant purchase rate comparison. Plant A may pay ₹100/unit while Plant B pays ₹115/unit from the same supplier.

What You’re Losing:

• ₹3-5 crore annually in price arbitrage (on ₹500 crore purchases, 5-10 plants paying different rates)
• No leverage in supplier negotiations
• Rogue purchases outside approved vendor lists

10. Non-Moving Stock Identification Across Plants

Question: Can you identify slow/non-moving stock across ALL plants and redirect it before it becomes obsolete?

Reality Check: Each plant manages its own inventory. No group-level visibility into aging stock.

What You’re Losing:

• ₹2-4 crore annually in inventory write-offs (5-10% of inventory becomes obsolete)
• Missed opportunities to transfer to plants with demand
• Working capital trapped in dead stock

11. Inter-Plant Stock Transfer Optimization

Question: Does your system automatically suggest: “Transfer 200 units from Plant A to Plant C—saves ₹5 lakh in new purchases”?

Reality Check: Manual identification required. No automated transfer recommendations.

What You’re Losing:

• Unnecessary freight costs (purchasing locally while excess sits elsewhere)
• Higher working capital requirements
• 8-12% higher inventory costs

12. Real-Time Stock Visibility Across All Locations

Question: Can you see total group inventory (raw material, WIP, finished goods) in real-time?

Reality Check: Tally shows stock per location only. Consolidation requires manual Excel work (always 2-3 days old).

What You’re Losing:

• Inability to commit to large orders (don’t know total available stock)
• Over-promising to customers (stockouts damage reputation)
• Excess safety stock (₹5-8 crore trapped unnecessarily)

Section 3: Financial Control & Compliance (Points 13-16)

13. Automated Financial Consolidation for Board Reporting

Question: Can you generate board-ready consolidated financials in 1 day (not 7-10 days)?

Reality Check: Manual Excel consolidation. Inter-company eliminations done manually. Version control issues.

What You’re Losing:

• Delayed strategic decisions (by the time you see numbers, situation has changed)
• Board frustration (investors expect T+3 day reporting)
• Finance team burnout (month-end closes take 10-12 days)

14. Multi-GSTIN Data and Dashboard

Question: Can your make GST returns for all plants in 1 go… automatically… even if you have 3 plants in same state ( Example Nashik, Pune and Thane… all in Maharashtra )… or ( Gurgaon, Manesar and Sonepat, all in Haryana ) ?

Reality Check: Each “tally company” Data is taken separately.

15. Automated Cost Center-wise Profitability

Question: Can you see profitability by product line, customer, region, AND plant simultaneously?

Reality Check: Tally’s cost centers are limited. Multi-dimensional profitability analysis requires manual Excel work. .. Finsys can make BOM BASED and even time based cost sheets for each product you manufacture.

What You’re Losing:

• Inability to kill unprofitable products/customers (₹5-10 crore in hidden losses)
• Misallocation of resources to low-margin segments
• No data-driven pricing decisions

16. Cash Flow Forecasting Across All Entities

Question: Can you see consolidated cash position and 90-day cash flow forecast for the entire group?

Reality Check: Each location maintains separate cash flow. No automated consolidation. Forecasts are Excel-based and outdated.

What You’re Losing:

• Emergency borrowing at high interest (₹2-3 crore annually in extra interest)
• Missed investment opportunities (cash sitting idle in one entity while another borrows)
• Inability to negotiate better banking terms (no consolidated cash visibility)

Section 4: Operational Efficiency & Decision-Making (Points 17-20)

• Finsys has Strong Gate Entry System … Goods do not Cross Gate … no Purchase entry in Finsys for “goods”.
• Strong PO Controls System … Goods Come without PO … no Purchase entry in Finsys for “goods” ~ PV Passing Locked
• Strong Quality Controls System … Goods Fail in QC … Automatic … no Purchase entry in Finsys for “goods” ~ PV Passing Locked
• Strong Goods in Transit System …Automatic alert of pendency

17. Real-Time Dashboards for CXO-Level Decisions

Question: Can you see revenue, margins, inventory, receivables, and payables in real-time on your phone?

Reality Check: Tally is desktop-based. No mobile dashboards. Data is always 1-2 days old.

What You’re Losing:

• Reactive decision-making (not proactive)
• Inability to course-correct mid-month
• Dependency on finance team for basic reports

18. Automated Exception Reporting

Question: Does your system alert you: “Plant B’s margin dropped 5% this week” or “Customer X’s payment is 15 days overdue”?

Reality Check: No automated alerts. You discover issues in monthly reviews (too late to act).

What You’re Losing:

• Margin erosion (5% drop = ₹2.5 crore on ₹500 crore revenue)
• Bad debt accumulation (₹1-2 crore annually)
• Operational inefficiencies going unnoticed for weeks

19. Integration with Other Business Systems

Question: Is your accounting software integrated with CRM, e-commerce, manufacturing, and logistics systems?

Reality Check: Tally has limited APIs. Manual data entry from other systems. Data silos across departments. Finsys has all these things in its own relevant modules

What You’re Losing:

• 20-30 hours/week in manual data entry (₹15-20 lakh annually in labor costs)
• Data errors from manual entry (2-5% error rate = ₹1-2 crore in corrections)
• Inability to automate order-to-cash cycle

20. Scalability for Future Growth

Question: Can your current system handle: 12 plants, 8 GSTINs, 100+ users, Detailed Production and PPC and WIP ?

Reality Check: Tally struggles beyond 10-15 users. Performance degrades with large data.

What You’re Losing:

• System crashes during critical periods (month-end, year-end)
• Inability to acquire/merge new businesses (IT integration nightmare)
• Technology debt (₹50 lakh-₹1 crore to migrate later)

💰 The Real Cost of Inaction

You’re losing ₹22-38 crore EVERY YEAR by using accounting software designed for ₹10 crore businesses. ( Figures look exaggerated.. but could be really true for a large Rs 500 Crore company )

What Finsys ERP Delivers

Unified Multi-Location Architecture

• Single supplier ledger across all plants and GSTINs
• Consolidated P&L, Balance Sheet, and Cash Flow in one click
• Automatic inter-company elimination for accurate group reporting

Advanced Multi-Plant MRP

• Real-time stock visibility across all locations
• Automated transfer recommendations (excess in Plant A → shortage in Plant B)
• Purchase rate comparison across plants (identify price arbitrage)
• Non-moving stock alerts before it becomes obsolete

Intelligent Financial Control

• Multi-GSTIN compliance dashboard with automated filing
• Cost center-wise profitability (product, customer, region, plant)
• 90-day cash flow forecasting with scenario planning
• Exception-based alerts (margin drops, overdue payments, stockouts)

Real-Time Decision Support

• CXO dashboards on mobile and web
• Automated exception reporting (no more surprises)
• Integration with CRM, e-commerce, manufacturing, logistics
• Scalable architecture for 20+ plants, 100+ users, multi-currency

📊 The Finsys ROI for a ₹500 Crore Company

Finsys pays for itself in 3-6 months and delivers ₹22-38 crore annual ROI thereafter.

 Next Steps: Don’t Let Another Crore Slip Away

Immediate Actions (This Week)

1. Audit your current system against these 20 checkpoints
2. Quantify your losses in each area (use the framework above)
3. Schedule a Finsys demo focused on your top 3 pain points

30-Day to 90 day Implementation Plan

• Week 1-2: Requirements gathering and process mapping
• Week 3-4: Finsys configuration for your multi-plant setup
• Week 5-8: Pilot rollout in 1-2 plants
• Week 9-12: Full deployment across all locations

Expected Outcomes (First 90 Days)

• ✅ Consolidated financials in real-time
• ✅ Multi-plant MRP operational
• ✅ 10-15% reduction in inventory costs
• ✅ 5-8% improvement in procurement pricing
• ✅ 50% reduction in month-end close time

📞 Contact Finsys Today

Website: www.finsys.co.in

Why Finsys?

• 35+ years of ERP expertise (since 1992)
• Deep understanding of Indian manufacturing and compliance
• Proven track record with ₹100-1000 crore companies
• End-to-end implementation support (not just software)

🔥 Final Thought

You didn’t build a ₹500 crore company by tolerating inefficiency.

So why are you running it on software designed for ₹10 crore businesses?

Every day you delay:

• ₹6-10 lakh in avoidable procurement costs
• ₹2-3 lakh in excess inventory carrying costs
• ₹1-2 lakh in margin erosion from delayed decisions

The question isn’t “Can we afford Finsys?”

The question is “Can we afford NOT to have Finsys?”

Ready to transform your multi-plant operations? Contact Finsys for a personalized ROI analysis.

Appendix: Detailed Technical Comparison

Tally vs. Finsys: Feature-by-Feature

This document is intended for business owners, CFOs, and decision-makers at manufacturing and trading companies with ₹100+ crore revenue operating multiple plants or locations.

Prepared by: Finsys ERP Product and Implementation Team
Last reviewed: 15th August 2026

SOP: Booking Vehicle Repair and Service Expenses in Finsys ERP

1. Purpose

This SOP explains the recommended method for recording vehicle-related repair and maintenance services—such as truck tyre alignment, wheel balancing, puncture repair, or similar garage services—in the Finsys ERP system.

Use this procedure when the bill is for a service only and no stock is received. Example Service of your Car, your Truck, your tempo.

2. Scope

This procedure applies to vehicle repair and maintenance services where:

– The expense relates to a company-owned, leased, or operational vehicle.
– No material or stock item is being received into the stores.
– Price history and inventory tracking are not required.
– The transaction does not require a Purchase Order, Material Receipt Report, or Quality Control inspection.
– GST is not charged or is not applicable, based on the supporting bill and the applicable tax position.

Examples include:

– Truck tyre alignment.
– Wheel balancing.
– Vehicle servicing.
– Minor vehicle repairs.
– Puncture repair.
– Emergency breakdown services.
– Garage inspection or adjustment services.

3. Important GST Clarification

A vehicle repair activity should be treated as a **service transaction**, not as a stock purchase.

The absence of GST should not be determined merely by looking for a “0% HSN code.” HSN codes generally relate to goods, while services are classified using the appropriate service classification. The GST treatment should be based on the nature of the service, the supplier’s invoice, the supplier’s registration status, and the applicable tax provisions.

Before booking the transaction, the user should verify:

– Whether GST has been charged on the supplier’s bill.
– Whether the supplier is registered under GST.
– Whether the service is taxable, exempt, non-taxable, or otherwise not liable to GST.
– Whether the transaction requires any reverse-charge or other tax treatment.

The Finsys entry should reflect the actual tax position supported by the bill and the client’s approved accounting policy.

4. Recommended Finsys ERP Transaction

Where there is no requirement for purchase, stores, or quality control processing, the transaction should be entered directly through a **Service Voucher**.

The transaction should not normally be entered through:

– Purchase Order.
– Material Receipt Report.
– Stock receipt.
– Quality Control process.
– Inventory inward entry.

This approach ensures that a service expense is recorded directly in the appropriate expense ledger without affecting stock balances or material price history.

5. Suggested Accounting Entry

The normal accounting entry may be recorded as follows:

“`text
Vehicle Repair and Maintenance Expense A/c Dr.
To Vendor A/c / Staff Imprest A/c
“`

For a direct payment from an approved imprest or petty cash account:

“`text
Vehicle Repair and Maintenance Expense A/c Dr.
To Imprest Account A/c
“`

The exact ledger used should depend on how the payment was made and how the client maintains its vendor and imprest accounting system.

Recommended Expense Ledger

A suitable ledger may be created as:

– Vehicle Repair and Maintenance Expense.
– Repair and Maintenance—Vehicles.
– Truck Repair and Service Charges.
– Vehicle Operating Expenses.

or you can use any other expense ledger that you and your company have been using for such expenditure in the past

The client should use a consistent ledger structure across all vehicle-related service expenses.

Recommended Voucher Type

If there is no PO ( usually, not required in such cases.. then use 5A type voucher ) in Finsys.

6. Payment and Imprest Control

Where the expense exceeds the permissible cash-payment limit under applicable tax law or the client’s internal financial policy, it should not be settled directly through cash.

The transaction should instead be routed through one of the following:

– The registered or approved vendor account.
– An employee’s approved imprest account.
– A bank payment.
– An approved company payment process.

If an employee has paid the amount personally or through an imprest account, the Service Voucher should be posted to the relevant employee’s account or imprest account. The supporting bill should be attached to the voucher and the reimbursement or settlement should be processed separately.

> The cash-payment limit and related tax implications should be reviewed with reference to the applicable law and the client’s accounting policy. Any statutory exceptions should also be considered where relevant.

7. Information Required for the Service Voucher

The following information should be entered in the Service Voucher:

– Voucher date.
– Vendor or employee/imprest account.
– Vehicle number or asset number.
– Nature of service, such as “Truck tyre alignment.”
– Client, project, plant, branch, , where applicable.
– Expense ledger.
– Amount as per the supplier’s bill.
– GST amount, if charged.
– TDS treatment, where applicable.
– Payment mode or settlement reference.
– Supporting invoice or cash memo.
– Approval of the responsible department or manager.

Suggested Narration

“`text
Being charges for truck tyre alignment service for vehicle number __________,
as per garage bill number __________ dated __________.
“`

8. Purchase and Inventory Requirements

For a pure service transaction of this nature:

| Requirement | Normally required? |
|—|—:|
| Purchase Order | No |
| Material Receipt Report | No |
| Quality Control inspection | No |
| Stock receipt | No |
| Stock-in-hand update | No |
| Material price history | No |
| Service Voucher | Yes |
| Supporting bill | Yes |
| Approval | Yes |

If the garage supplies separate physical goods—such as tyres, batteries, spare parts, or other identifiable materials—the transaction should be reviewed separately. In such cases, the goods portion may require a purchase or inventory transaction, while the labour or service portion may continue to be recorded through a Service Voucher.

9. GST Treatment in Finsys

The GST section of the Service Voucher should be completed based on the actual supplier bill and the applicable tax treatment.

Where GST is charged

– Record the taxable value and GST separately.
– Use the appropriate service classification.
– Record eligible input tax credit only after verifying the relevant conditions.
– Maintain the supplier’s GST details and tax invoice, where required.

and Pass the voucher, via the supplier account

Where GST is not charged

– Do not artificially apply a 0% HSN merely to complete the transaction.
– Record the transaction as a service without GST only where such treatment is supported by the supplier’s bill and applicable tax position.
– Mention the reason in the voucher narration or remarks, where appropriate.
– Retain the supplier’s bill as supporting documentation.

10. TDS Review / TDS Action points

TDS should not be marked as automatically applicable or automatically exempt merely because the transaction is entered as a Service Voucher.

The user should consider:

– Whether the garage is a regular supplier.
– Whether the arrangement is contractual or recurring.
– The nature of the service.
– The applicable TDS section and threshold.
– The aggregate value of payments during the relevant period.
– Whether the supplier has provided the required tax details.
– Whether any specific exemption or exception applies.

For an isolated, small-value repair service, TDS may not be required in many cases. However, repeated payments to the same supplier should be reviewed periodically, as the tax treatment may differ depending on the nature and volume of the transactions.

11. Approval and Documentation Controls

The following controls should be followed:

1. Verify that the service was actually received.
2. Check the vehicle number and service description.
3. Confirm that the bill is genuine and legible.
4. Ensure that the bill is not duplicated.
5. Confirm the GST treatment from the bill.
6. Review TDS applicability where relevant.
7. Obtain approval from the responsible manager or department.
8. Attach the bill to the Service Voucher.
9. Select the correct vendor, employee, or imprest account.
10. Ensure that the expense is allocated to the correct branch, project, cost centre, or client.

12. Finsys ERP Configuration Recommendation

as above

13. Practical Example

A garage provides a bill for truck tyre alignment for ₹12,500. No material is received, no GST is charged on the bill, and payment is made through the driver’s approved imprest account.

The transaction may be recorded as:

“`text
Vehicle Repair and Maintenance Expense A/c Dr. ₹12,500
To Driver/Employee Imprest A/c ₹12,500
“`

The Service Voucher should include the vehicle number, garage bill details, service description, approval, and a scanned copy of the bill.

14. Summary   / Plan for future

For vehicle repair and maintenance services where there is no stock movement and no requirement for purchase, receipt, or quality control processing:

> **Record the transaction directly through a Service Voucher, debit the appropriate vehicle repair expense ledger, and credit the vendor or approved imprest account.**

GST and TDS should be reviewed separately based on the actual transaction, supplier details, supporting bill, applicable law, and the client’s approved accounting policy.

Prepared by: Finsys ERP Product and Implementation Team
Reviewed by: Sangeet Kr Gupta, CA, Co Founder
Applicable to: Finsys ERP service-expense booking
Version: 1.0
Last reviewed: 09 August 2026

Automating end-to-end operations—from polymer raw material purchase and roll-wise shop floor execution to quality testing, multi-warehouse inventory, and nationwide dispatch logistics.

Ready to Digitally Transform Your Insulation or Manufacturingg Plant?

Discover how Finsys ERP can streamline your production planning, batch tracking, quality management, and GST accounting.

Request a Live ERP Demo

Call Us: +91-9015-220-220 | Email: corporate@finsys.in

for Day to Day Accounting, the Ledger Accounts remain the same. Usually they are

TDS Payable- Salary

TDS Payable- Contractor

TDS Payable- Professional

TDS Payable- Rent

TDS Payable- Interest

TDS Payable- Commission and so on

There is no change in the names of the sections.

Accounting will also continue as it is, as it was.

Accrual on each Purchase voucher / Service Voucher : As it is.

Ledger Account in Trial balance : As it is.

5. Payment of TDS “online to Govt”

As since 2012 CBDT Notification, you can continue single Payment of all TDS sections in single Challan. Keep that in TDS Control Account / Buffer Account. At time of each monthly closing / Quarterly Closing.. Transfer all the payables to the TDS Control account / Buffer Account.

Exactly same as in past years

6. Filing of TDS Return

Use Webtel E TDS Filing Software. Helps you in Smoother compliance work. https://webtel.in/tds-filing-software ). Softwares like Finsys ERP, give excel output for ease in filing the TDS returns using Webtel.

Webtel has done the internal programming for the Required Automation. Its Robust Planning allows it to use the Consolidated TDS Challan amongst Various sections. No worries.

Exactly same as in past years.

7. Any need of deposting TDS for Corporate and Non Corporates separately ?

No. This is Automatically done at the TDS return filing stage.

You can deposit in 1 go,

The TDS return filing software automatically divides the challan to various vendors, various sections, and govt gets its data automatically

8. Action Items for your Accounts Team

Do Not Mix Salary & Non-Salary Challan Amount …: While you can mix multiple non-salary codes in one challan, Salary (Sec 392) must always be paid via a separate challan, as it is reported in a different return (Form 138).

Webtel Updation : Ensure your Webtel software is updated to the FY 2026-27 (Tax Year 2026-27) This version is pre-configured to handle the mapping of your single challan to the 92 new numeric codes.

Webtel Adoption : If your TDS Software Still does not allow this facility to you… upgrade to Webtel.  https://webtel.in/tds-filing-software 

Form 168 Reconciliation: From this month onwards, tell your vendors to check Form 168 (which replaces the old Form 26AS). Their tax credits will now appear under these 4-digit numeric codes.

Final Word

The move to the Income Tax Act, 2025 is a structural shift, not a procedural hurdle. By maintaining the “Single Challan” approach suggested by Webtel, your business can avoid the administrative burden of generating dozens of small payments.

Webtel, Finsys and MLG Team are here to assist with your first “Form 140” filing under the new regime. Please contact your relationship manager for any specific queries.

Warm Regards

• Sangeet Kumar Gupta & Puneet Gupta, MLG Associates & Finsys ERP Team
• with Vijay Sahni, R. Kapoor & R Aggarwal : Directors Webtel Electrosoft
• Together as your Digitisation Experts

   

Section 393 … Income Tax Act.. Section Bare Act on Govt Website

https://www.incometaxindia.gov.in/w/section-393-5

And

All codes. List of Academic Purposes

https://razorpay.com/docs/payroll/tax-verifications/tax-codes/ and https://www.tdsman.com/downloads/TDS_and_TCS-rate-chart-2027.pdf

Joint Webtel Finsys Seminar ( Past event )

More Pictures from joint Webtel Finsys Events click here

Finsys and Webtel  .. Always ahead in Digitisation

Finsys ERP is proud to be associated with Printweek

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