Finsys has launched its iOS based App for the iPhone users.

Category Archives: Recent News

Finsys has launched its iOS based App for the iPhone users.

Finsys has launched its iOS based App for the iPhone users.

?   ?  ?

It has been successfully accepted by the iTunes portal of Apple Corporation and is ready to use.

All of you who are using an *iPhone or an Apple device* can go to itunes and use this special new software which has been *made for apple only*

This will help you to do Approvals of three important areas ▶  purchase order sales order and purchase requisition. ✅

You can also see the daily MIS reports, monthly MIS reports, and certain other graphs, and charts and Grid based reports.

?

The difference between this and the existing m.finsys.in  ?   (A)Look and feel  is one that Apple iPhone users love. (B) Speed of accessing the data is 4X faster .

GST reversal-if-not-paid-within-6-months

This is going to change the way, you do business……

 

*BIG NEWS :  GST Reversal*… if not paid within 6 months

 

for example : If you have purchased any input Goods or any services on 1st July 2017, its 180 days for payment is already over on 27th December 2017. >>>> 1st July 2019… then due on 27th Dec 2019.

 

And so, if you have not paid for it, then, get ready to reverse its ITC (Modvat)

 

For source, legal extracts, exact dates , see the link given above.

 

This is as per Rule 2 of GST Input Tax Credit Rules,2017

 

 

*_Effects on Businesses_*

 

*Effect on you as a Supplier*  :  Good news.   Warn your customer immediately.

Tell him, Mr X, now GST is also with me. Better pay me immediately, else….. you are going to lose money too. …………

Maybe… you might get a good collection this month.

 

*Effect on you as a Customer* : Immediately ask your accounts dept, to see all the vendor bills of July 2017. And get them paid.

Or be ready to reverse the Modvat(called Input tax credit or ITC, now) with interest.

Eco Friendly Initiatives

We together go a step closer to serving the Mother Earth. A Joint decision by all to use only Bio-Degradable Paper for the wrapping Diwali Gifts this year . Good Idea, Dear all dont use the Fancy Plastic Paper for wrapping Diwali Gifts, …. it is non bio-degradeable

Eco Friendly Initiatives … each one goes a long way.