Introduction The ISO creates international business standards. There are various benefits for businesses that adhere to ISO standards. Achieving ISO Certification for a company is a significant accomplishment because ISO is an independent body. ISO certification in India improves a company’s efficiency and effectiveness. If you want your business to be solid, profitable, and have …
Read MoreAadhaar card is one of the mandatory and significant identification cards in India. It is essential to link your Aadhaar card with your mobile number. There are plenty of reasons for this, the primary reason being national security. Another reason is that it also helps in the initiation of the MSME loans and business loans. …
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 MoreJaipur is a lively city as well as a world-renowned tourist destination. The city has a large community of artisans, craftsmen, and other small industrial groups creating and developing products for tourists. Apart from the tourist-focused small-scale sector, additional small- to medium-sized industrial businesses do not typically qualify for bank financing. This is due to …
Read MoreWhat is an MSME Loan? MSME Loans are types of loans for Micro, Small, and Medium Enterprises which can be used for various purposes like new inventory, purchasing new stock, working capital loans, and even expanding your business. MSME Loans for new businesses MSME loans for new businesses are available for businesses with a record …
Read MoreSeveral banking and non-banking structures in a country offer the loan service. The main purpose of these loans is to fulfil the credit needs of the person. The loan can be granted for several reasons like home loans, business loans, car loans, etc. These loans are segmented into two categories further depending upon the security …
Read MoreUnsecured Business Loans are loans that are offered without any collateral. These loans do not require security. They are short-term, small loans provided to cover periodic expenditures, raw material costs, and vendor payments, i.e., these loans are used for working capital management. Furthermore, these loans are also be used to expand a business. However, since …
Read MoreIntroduction to MSME and Taxation For nearly half a century, small businesses and enterprises in India paid their taxes under the purview of many laws, including the most recent VAT or Service Tax. Since July 1, 2017, all registered businesses have been mandated to comply with the norms of Goods and Service Tax (GST). This …
Read MoreThe impacts of the global pandemic have brought in certain changes in the whole financial setup of India, much like any larger nation. A revised set of regulations and reforms were introduced with new GST rates for the remaining year of 2021 and for the financial year of 2022. Whether it be MSME loans, vendor …
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