UI :: How data is presented
API :: How data is fetched
LOGIC :: How data is processed
HOSTING :: How data is stored
Have a complete peace of mind with us.
Book your demo now :: sales[AT]fisnys.in
UI :: How data is presented
API :: How data is fetched
LOGIC :: How data is processed
HOSTING :: How data is stored
Have a complete peace of mind with us.
Book your demo now :: sales[AT]fisnys.in
In this new year, with Finsys ERP, you can:
.cut costs by automating routine tasks.
.improve the efficiency of staff.
.increase or measure office productivity.
.streamline business operations and accounts.
.replace paper processes.
.communicate more effectively with customers, suppliers or partners.
Should you have questions about how Finsys ERP can help your company?
Send us an email on sales@finsys.in and we’ll get in touch shortly.
01 System Modularity
02 Compliance with Regulations
03 Data Security
04 Increased Efficiency
05 Better Control Over Processes
Have it all with Finsys ERP, Contact us on sales@finsys.in
Best wishes for the ending of Financial Year 2021-22 ending
Ministry of Company Affairs, Govt of India, has extended the Due Date of Audit Trail Applicability
Order passed in evening of 31-3-2022, made public in night of 31-3-2022
Old Decision was applicable from 1-4-2022
Each accounting transaction was mandated to have its editing history. And history that you cannot disable, edit, and remove.
And not merely this, each auditor was mandated to report whether the above was being followed
Thankfully, Govt has realised that these things are not ease of doing business. And Business cannot always work on a Razor’s Edge.
Anyway, The Ministry of Corporate Affairs (MCA) has extended the due date of Audit Trail Applicability till April 1st 2023 under the provisions of the Companies Act, 2013 by amending by notifying the rules, i.e., Companies (Accounts) Second Amendment Rules, 2022.
A notification issued by the Board in accordance with the powers conferred by sub-sections (1) and (3) of section 128, sub section (3) of section 129, section 133, section 134, sub-section (4) of section 135, sub-section (1) of section 136, section 137 and section 138 read with section 469 of the Companies Act, 2013 (18 of 2013), amended the Companies (Accounts) Rules, 2014. Audit Trail Applicability MCA Extension
The relevant notification stated that “They shall come into force on the date of their publication in the Official Gazette. 2. In the Companies (Accounts) Rules, 2014,- (i) in the proviso to sub-rule (1) of rule 3, for the figures, letters and words “1. day of April, 2022”, the figures, letters and words “1st day of April, 2023” shall be substituted; (ii) in the proviso to sub-rule (1B) of rule 12, for the figures, letters and word “31. March, 2022”, the figures, letters and word “31. May, 2022” shall be substituted.” Audit Trail Applicability MCA Extension
Old Notification of 2021 was
https://www.mca.gov.in/Ministry/pdf/AuditAuditorsAmendmentRules_24032021.pdf
Later postponed to 2022
Again, now postponed to 2023
Thank God for Small mercies…
Still, get used to making your systems better and better
Ready to Make Your Packaging Unit Sustainable & Systematic?
Official Website: Finsys Infotech Pvt Ltd
Success Stories: Watch More Technical Interviews on YouTube
Digital Transformation: Contact Finsys Experts Today
Indeed, staying updated with the latest fiscal policies is the cornerstone of a successful manufacturing business. On March 24, 2022, during a high-impact seminar organized by IamSMEofIndia, I had the privilege of sharing strategic ideas on Taxation and Finance tailored specifically for the Indian MSME sector.
Initially, many manufacturers overlook the significant savings available through Section 80JJAA of the Income Tax Act. Specifically, this section provides a deduction of 30% of additional employee cost for three years.
Key takeaway: If you are a manufacturing MSME hiring new staff, this incentive can substantially reduce your tax liability. Admittedly, proper documentation of the “additional employee” status is critical to claim this benefit successfully.
Furthermore, for those looking to expand or start a “Make in India” initiative, the tax landscape has never been more favorable. Notably, new manufacturing companies incorporated on or after October 1, 2019, can opt for a significantly lower base tax rate (15% plus surcharge and cess).
By choosing the right corporate structure, MSMEs can:
Lower Tax Outgo: Retain more profits for reinvestment into machinery and technology.
Global Competitiveness: Align with global tax standards to attract international partners.
Financial Discipline: Transition toward a system-driven management model.
Ultimately, the goal of our session was to align local manufacturing strengths with national objectives. In partnership with MSME-DI (Micro, Small & Medium Enterprises Development Institute), we discussed how financial discipline and strategic tax planning act as the digital engine for growth.
Proudly, as a member of IamSMEofIndia, we continue to provide a platform where small and medium enterprises can learn, network, and grow 10x by adopting top-notch financial technologies.
To conclude, the ideas shared in these 45 minutes are designed to be actionable. Whether you are a seasoned manufacturer or a new startup, the path to profitability is paved with better financial governance. Indeed, as the landscape of Indian manufacturing evolves, staying compliant and informed is no longer a choice—it is a competitive advantage.
Ready to Make Your Packaging Unit Sustainable & Systematic?
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