If you’re a book publisher, you might be aware of how you need to display the ISBN number on all the books you’ve published. A unique, 13-digit number that helps identify the publisher and the publications’ title, it is a permanent identification and doesn’t require you to renew your ISBN registration. Having an ISBN number …
Read MoreWhat is VAT? VAT, or Value-added Tax, is an indirect charge on almost all products and services in most parts of the world. It is paid by the end consumer of the product or service and can account for a significant percentage of the amount paid for a product or service. VAT is collected by …
Read MoreNSIC stands for National Small Industries Corporation Limited, operating under Micro Small and Medium Enterprise (MSMEs). In 1955, the Government of India formed NSIC, then known as Mini Ratna PSUs (Public Sector Undertaking). Its headquarters are in NSIC Bhawan, Okhla Industrial Estate, New Delhi, India. NSIC promotes and fosters the growth of MSMEs operating in …
Read MoreIntroduction Your credit score is the most important aspect in determining whether the lender will trust you when you request any kind of loan, including an MSME loan, business loan, collateral free loan, or an unsecured loan. CIBIL, a TransUnion subsidiary, is an RBI-approved credit score organisation in charge of creating credit ratings for businesses …
Read MoreThe tax collected at source (TCS) is usually charged from the buyer by a seller on a specified product/service during the sale. Deposited with the tax authorities, they are ideally business transactions that bear no effect on the common people. Items taxable under this provision are mentioned in detail under ‘Section 206C’ of the Income …
Read MoreThe GST return is filed by business owners monthly or quarterly in an official document containing details such as purchases, sales, and other related taxes. The GST return filing process is extremely easy, conducted on the official GST portal provided by the Government of India. Formulated in 2017 and implemented two years later, the new …
Read MoreIntroduction Being a housewife involves hard work. Unfortunately, it is unappreciated by mainstream society. Do not be disheartened. You may have many innate skills that you are eager to show off. It is time to start something of your own now. After all, earning a small amount can go a long way in fulfilling your …
Read MoreThe government of India is trying to promote micro, small and medium business structures by offering them a viable market to innovate and do business with ease and proper assistance. To streamline this, the Indian government introduced MSME or Udyam registration. The registration will ensure that your small or medium business is legal and operational. …
Read MoreWhat is a CIN number? CIN means Corporate Identity Number. It is a 21-digit alphanumeric code assigned to One Person Companies, Public Companies, Private Companies, limited liability partnerships, governmental organisations, government entities, non-governmental organisations, not-for-profit organisations, and so on that are registered with the Registrar of Companies. CIN means Corporate Identity Number. It is a …
Read MoreSIDBI is an institution whose major goal is to boost the country’s micro, small, and medium-sized enterprises (MSMEs). It is a unit of the Industrial Development Bank of India (IDBI), which was founded on April 2, 1990. IDBI was originally in charge of the Small Industries Development Fund and the National Equity Fund. SIDBI then …
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