GST
Objectives of Stand Up India Scheme The objective or goal of the Stand Up India Scheme is to make the process of bank loans easy between...
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While conducting business, an individual or the owner of the business needs to know what the account status of the business is, not every...
The Central Board of Indirect Taxes and Customs (CBIC) announced a uniform GST rate of 12% on different kinds of fabrics, footwear and apparel....
Inventory management is one of the biggest roles of a business. It is very important for businesses to understand the nature of their business...
Keeping a check on your inventory and the prices at which the raw materials were bought and the prices at which they need to...
What is Order Management System? An order management system is nothing but an electronic method to handle the lifecycle of an order. Moreover, it offers a...
An itemized inventory of all the components necessary to make or sell a product is termed a Bill of Materials (BOM). Succeeding are the...
If you want to start your own business like home baking, freelancing, small handicraft business becoming an entrepreneur then, this article will give you...
What is Bank Reconciliation Statement? A bank reconciliation statement means nothing but a summary of business and banking activity that reconciles an entity’s bank account...
India has the potential to assist you in realizing your entire entrepreneurial dream. To be sure, you do not need a superior education from...
Introduction to Indiamart Indiamart is a huge B2B marketplace that renders products and services on the portal of sales. It is headquartered in Noida,...
Objectives of Stand Up India Scheme The objective or goal of the Stand Up India Scheme is to make the process of bank loans easy between...
Small firms, particularly those in the industrial sector, rely heavily on technology. Micro, small, and medium-sized enterprises must invest in machinery and equipment to...
What is Partnership Deed? A partnership deed is a legal document in a written format that contains an agreement between two persons who want to undertake...
Senior persons have the right under 80TTB to claim a greater deduction for interest income generated on deposits. It is intended to assist elderly...
Khadi and Village Industries Commission, KVIC is a statutory body formed by the Government of India, GOI in 1957, under the act of Parliament...
Corporate Identification Number is the full form of CIN and is a number that is given by the Registrar of Companies, ROC to identify...
India is endowed with a plethora of traditional industries. This industry not only contributes significantly to large-scale job possibilities at a relatively cheap capital...
What Is VAT? VAT full form is the Value Added Tax. It is an indirect tax that the national government levies on products and services...
What is Trade License A trade license authorises an applicant (someone wishing to start a business) to conduct a particular industry or trade in a specific...
Taxes are collected on its inhabitants by governments to produce money for initiatives that increase the country’s economy and enhance residents’ standard of living....
What is ICEGATE ICEGATE stands for Indian Customs Electronic Gateway. It is the national portal of Indian Customs of the Central Board of Indirect Taxes...
Tax Deduction and Collection Account Number, TAN is an important and mandatory number for any individual, business or enterprise who is filing for their...
Credit Guarantee Fund Trust for Micro and Small Enterprises, CGTMSE is a scheme that is introduced by the government of India, by the Ministry...
MSME Loan Schemes: MSME – the abbreviation for Micro, Small, and Medium-Sized Enterprises. These sectors contribute to the overall financial stability of the country....
What Is Break-Even Point? The break even point is the level of output at which the company’s overall revenue and total expenses are the same. At...
Introduction to Company Income: Before learning about tax rates and how they are determined, we need to know about the types of income a...
What is NSIC? NSIC full form is National Small Industries Corporation. It is owned by the Govt of India under the authority of the MSME –...
WHAT is SSI Essentially, “Small Scale Industries” are those that create, produce, and provide services using little machines and a small workforce. These firms...
As a development bank, NABARD is mandated to provide and regulate lending and other support facilities for agriculture, small-scale industries, cottage and village, craftsmanship,...
What is PSB Loans in 59 minutes? Psbloansin59minutes is nothing but an online marketplace that allows entrepreneurs to apply for a business loan at a...
What is FSSAI? If we talk about FSSAI full form, it is the Food Safety and Standards Authority of India (FSSAI) which has been launched...
What is Cash Credit? Cash credit is a short-term financing source for a company. It is one kind of short-term loan extended by a bank...
What is DIC? District Industries Centre is the DIC full form and it is an institute started at the district level. The purpose of DIC...
Agriculture in the current period is one of the most dynamic and competitive sectors. There are now over 100 thriving farm companies. This post...
The SME sector is often recognized as the backbone of the Indian economy, having made substantial socioeconomic contributions to the country. It generates jobs...
India has taken a huge step toward achieving a cashless economy with the implementation of the Unified Payment Interface (UPI). With the new payment...
Platforms such as Paytm enable businesses of all sizes to expand and transcend regional borders. Paytm, funded by China’s Alibaba Group, is reshaping the...
80TTA is an interest income deduction section of the income tax act that is available to resident individuals and Hindu United Families (HUF). Section...
Accounting, bookkeeping and maintaining a track record of all your transactions can be very cumbersome processes. Not to mention the process of getting your...
What is the PMEGP scheme? The PMEGP full form is nothing but Prime Minister’s Employment Generation Programme (PMEGP) which is a credit-linked subsidy program operated by...
Top 7 Best Low Investment Business Ideas 1. Seasonal businesses Seasonal businesses gain significantly from the fact that consumers are now on the lookout...
If we talk about Myntra, it is one of India’s popular e-commerce companies, an online lifestyle and fashion shop headquartered in Bangalore, Karnataka. This...
Who Is A Flipkart Seller? The world now is all about how easily you can have what you want. We can order anything online...
In this article, you can find out how a Vyapar app – myBillBook can boost your Business Vyapar App – myBillBook? Another Vyapar app...
What is Mudra Loan? The lack of institutional monetary support from the banks and financial sector is one of the most significant barriers for...
What is Section 194C? Section 194C is nothing but a law stating that any individual is liable for paying any sum amount to the...
It is a taxation method in which the individual or organization who is in charge of making certain payments deducts the necessary tax before...
What is TDS traces? When it comes to the extension of TRACES, it is TDS Reconciliation Analysis and Correction Enabling System. TDS traces is an online...
To comply with the Union Budget 2020, the amount of TDS that can be deducted has been lowered to Rs 20 lakh for taxpayers...
What is Section 194J of Income Tax Act? When it comes to the collection of taxes in the nation, the deduction of 194J TDS or tax...
Union Territory Goods and Service Tax or UTGST was passed in the year 2017, at the same time when the general GST laws were...
Tax Deduction at Source, more commonly known as TDS is a tax deduction that many individuals and businesses face at various stages of the...
What is OLTAS and Why was it Introduced? The full form of OLTAS is the Online Tax Accounting System. It is a tax system...
Every taxpayer from whom TDS has been deducted will be required to file a TDS return with the IRS. They must be filed at...
What is Profit and Loss Account? A Profit and Loss Account is a kind of financial statement that states the outcome of business tasks...
The Fund Flow Statement is beneficial for performing long-term analysis. It is an extremely important tool in the hands of management for evaluating the...
What is MIS report? When it comes to the MIS report, it offers a detailed and bulletin image of distinct verticals that are needed to...
What is Export of services under GST? As per Section 2(5) of IGST “export of goods along with the cognate expressions and grammatical variations, means...
Check out some of the features of GST in India which are as follows: GST would only be applied to the supply of goods or services...
For the purpose of putting GST into effect, the Constitutional (122nd Amendment) Bill (CAB) was introduced in the Parliament and passed by the RajyaSabha...