Finsys Zoom Seminar dt 31st March 2021 – E invoice, Audit Trail, 10 other topics

Important notes… these TIPS will reduce a lot of pressures and efforts for your team

This are the excerpts of the seminar dt 31-3-2021

Finsys ERP Team is inviting you to Two important Zoom meetings.

Topic: New MCA Notification on Accounting Software- Importance & Implications

Time: 04:00 PM
Date: Today 30th March 2021, Tuesday

The New Law
w.e.f. 1st April 2021, every company shall use accounting software with a complete Editing log. What you have to do, and how it effects you

First Seminar on Zoom
First : Only for MD’s, Directors, and CFO’s
30th March 2021 – Tuesday – 4.00pm (Today)
Conducted in Collaboration IamSMEof India,
Speakers Mr Rajiv Chawla, Chairman, IamSMEof India, Mr Sangeet Kr Gupta, Mr Puneet Gupta and Mrs Mayuri Gupta.
Must attend: Business Owners, Directors, CEOs, CFOs, Top Management
Register in advance for this meeting: https://us02web.zoom.us/meeting/register/tZIpdemqqz8qHdOYpFJvCCVz1Mn3qakh7WDp

Link capacity : for first 300 only

Second Seminar :
For all relevant Staff – Accounts , Purchase and Despatch Department

31st March 2021 – Wednesday – 4.00pm

Topics : Editing Trail in Finsys ERP : Operative aspect, What is to be done. What is not to be done. Changes due to E invoicing, Changes in Invoice numbering, Other guidelines for the April 2021 onwards.

Speakers : Mr Sangeet Kr Gupta, Mr Puneet Gupta and Mrs Mayuri Gupta.

Zoom Link for 2nd seminar : to Register in advance :
https://us02web.zoom.us/meeting/register/tZMtd–prTgvHN2LjbJD4dHz_nBwthUuN_6z

Version 2021 : Corrugation Packaging MRP video

MRP – Material Requirement Planning, for Corrugation Packaging Industry, manufacturers of anything

E invoice news – 26 March 2021

( 2 topics : E invoices and HSN Code )

E invoices

• If your Turnover was 50 cr to 100 Cr in any of last 3 years :

• Read this carefully. Get E invoice ready immediately. Else big loss possible.

• If your Turnover was over 35 crores and have more than 1 plant , check this above again. The GST invoices made for intra company , but inter state sales, say your Gurgaon plant ( Haryana) to your Pune Plant ( Maharashtra) …..it is to be added for this eligibility

If you are below 35 Cr , relax

if you are over 100 cr already. Your staff must have already done this

HSN Code – 6 Digit

IRRESPECTIVE OF YOUR TURNOVER

HSN Code: From April 1, 2021, Now you must mention 4 digit HSN Code/ 6 digit HSN code in invoices… you also and your vendors also…

https://taxguru.in/goods-and-service-tax/hsn-code-mandatory-irrespective-turnover-01-04-2021.html

IRRESPECTIVE OF YOUR TURNOVER, YOU MUST FOLLOW THIS

Notes

E-Invoicing: From April 1, 2021, E-invoicing compulsory if your turnover exceeded Rs 50 Cr in ANY of the financial years starting from FY 2017-18 upto FY 2019-20. … Note : Add the even inter plant sales , and Interest income, rent income to see the total figure of 50 crores.

Beware
and Be Aware

GST Penalties / onroad problems should be avoided by awareness
and doing things “First time right”
Remember…Educate your Vendors too .. Else you will lose all your ITC on those bills…
and a possible penalty of Rs 25000 for incorrect invoicing ….per invoice

See the detailed demo files on the Google drive link below

click here to access the Google Drive

Powerpoints and Manuals

1 IRN – Invoice Regn number – PPT irn_ppt_18pg – Click here

2 IRN – Invoice Registration_manual -31pg – Click here

3 IRN GENERATION IN FINSYS ERP_31pg landscape

4 How to QR_code_invoice_dt 21 March 2021 and DSC

5 How to do the QR_VERIFICATION_dt 21 March 2021

these other files on the Google drive link below

Finsys at your service