Do MSME have to pay GST?
Posted on Friday, July 21st, 2023 |
For small businesses in India, understanding the intricacies of taxation is crucial. The Goods and Services Tax (GST) has been a significant reform in the country’s tax system, streamlining the taxation process and replacing multiple indirect taxes. However, the question arises: Do Micro, Small, and Medium Enterprises (MSME) have to pay GST? In this blog,…
Read moreHow to Craft a Business Plan for Your MSME Loan Application
Posted on Monday, July 17th, 2023 |
As an aspiring entrepreneur or a small business owner looking to expand your operations, securing a Micro, Small, and Medium Enterprises (MSME) loan can be a crucial step in fulfilling your ambitions. A well-structured business plan is the key to increasing your chances of obtaining the funding you need. In this blog, we will guide…
Read moreHow do business loans work for SMEs?
Posted on Thursday, July 13th, 2023 |
Small and Medium Enterprises (SMEs) play a vital role in driving economic growth and innovation. However, like any other business, SMEs often face financial challenges that can hinder their expansion and growth plans. In such situations, a well-structured business loan can serve as a lifeline, offering the much-needed capital to fuel business growth. In this…
Read moreMSME: How to Calculate Gross Profit
Posted on Tuesday, July 11th, 2023 |
For Micro, Small, and Medium Enterprises (MSMEs), understanding financial metrics is essential for sustainable growth. One of the fundamental indicators of a business’s financial health is the Gross Profit. Calculating Gross Profit accurately not only helps gauge profitability but also aids in effective tax planning and overall financial management. In this blog, we will explain…
Read moreMSME: What Kind of Businesses Are Tax Exempted?
Posted on Monday, June 26th, 2023 |
Taxation is an essential aspect of running a business, as it helps fund public services and infrastructure. However, certain businesses may be eligible for tax exemptions, allowing them to reduce their tax liabilities or even be completely exempt from paying certain taxes. In this blog post, we will explore the types of businesses that are…
Read moreMSME: Understanding GST and How to Apply for It
Posted on Monday, June 19th, 2023 |
Goods and Services Tax, popularly referred to as GST, is a comprehensive indirect tax levied on the supply of goods and services in the country. It has replaced multiple taxes such as central excise, service tax, VAT, and more, simplifying the taxation system and promoting a unified market across the country. If you’re a business…
Read moreMSME: Difference Between Secure and Unsecured Business Loans
Posted on Saturday, June 17th, 2023 |
Running a small business is an endeavor that requires dedication, hard work, and most importantly, adequate capital. As an entrepreneur, you understand the significance of having access to funds in a timely manner to ensure the smooth operation and growth of your business. When it comes to acquiring business loans, it’s crucial to understand the…
Read moreMSME: What is Startup India Seed Fund Scheme?
Posted on Friday, June 16th, 2023 |
India’s startup ecosystem has witnessed tremendous growth in recent years, with a surge in innovative ideas and entrepreneurial ventures. Recognizing the importance of nurturing and supporting these startups, the Government of India has introduced various initiatives and schemes. One such initiative is the Startup India Seed Fund Scheme, which aims to provide financial assistance to…
Read moreWhat is a MSME Loan and who is eligible for It?
Posted on Thursday, June 1st, 2023 |
Micro, Small, and Medium Enterprises (MSMEs) play a vital role in the economic growth and development of any country. These businesses often require financial support to fuel their expansion, manage working capital, or invest in infrastructure. That’s where MSME loans come into the picture. In this blog, we will explore what an MSME loan is,…
Read moreHow to Get a Business Loan for a Franchise Business?
Posted on Wednesday, May 31st, 2023 |
Starting a franchise business can be an exciting opportunity for aspiring entrepreneurs. Franchises offer a proven business model, established brand recognition, and ongoing support from the franchisor. However, like any other business venture, financing is a crucial aspect that needs careful consideration. One common question that arises is whether it is possible to secure a…
Read moreMSME: What is Pradhan Mantri MUDRA Yojana (PMMY) Scheme
Posted on Tuesday, May 30th, 2023 |
In the dynamic landscape of India’s cut-throat competition, MSME or small businesses play a significant role in driving economic growth and fostering entrepreneurship. However, the journey of these enterprises is not without challenges, especially when it comes to securing adequate funds for sustenance and growth. Recognizing this crucial need, the Indian government introduced the Pradhan…
Read moreHow to get a loan for MSME
Posted on Monday, May 29th, 2023 |
Starting and running a successful MSME (Micro, Small and Medium Enterprises) business requires more than just a great idea. A crucial component of long-term success is managing finances effectively. Adequate financing is essential for a MSME business to sustain operations, invest in growth and stay ahead of the competition. However, despite the best efforts, sometimes…
Read moreWhat are the requirements of starting a business in India?
Posted on Tuesday, May 23rd, 2023 |
India’s ever-changing business landscape offers entrepreneurs a wealth of opportunities, but starting a business in India requires careful planning and attention to detail. There are a number of requirements that must be met in order to establish a business in India, including obtaining the necessary licenses and permits, registering the business with the appropriate authorities,…
Read moreHow to open a current account online?
Posted on Monday, May 15th, 2023 |
In India, current accounts are crucial for businesses of all sizes, from small-scale enterprises to large corporations. These accounts provide greater flexibility in managing business transactions, along with several features such as overdraft facilities, which can help businesses maintain a positive cash flow. The banking industry has undergone significant changes due to digitization. With the…
Read moreBenefits of Zero Account Opening Online for Small Business Owners
Posted on Thursday, May 11th, 2023 |
The key benefits of opening a zero balance account for small business owners are: saves costs, simplifies book-keeping, saves time & facilitates transactions with ease, offers extra benefits, and is easy to open. Get maximum benefits with minimum costs with the Indus Delite zero balance account. For an overwhelming majority of micro and small businesses,…
Read moreCurrent Account vs Line of Credit: What’s the difference?
Posted on Thursday, April 27th, 2023 |
In the dynamic and competitive business landscape of India, companies require access to various financial tools to manage their cash flow and operations efficiently. Two such financial tools that are commonly used are current account and lines of credit. Although they both offer certain benefits, they serve different purposes and have distinct features that set…
Read moreCurrent Account: How to use it for tax payments?
Posted on Wednesday, April 26th, 2023 |
Managing taxes can be a complex and time-consuming process, especially for business owners and entrepreneurs. It can be challenging to keep track of all the payments, deadlines, and tax-related paperwork. One way to simplify your tax management is to use a current account for your tax payments. A current account is a type of bank…
Read moreWhy Current Account for Freelancers is a must?
Posted on Tuesday, April 25th, 2023 |
As a freelancer, managing your finances is crucial to ensure smooth business operations and personal financial well-being. One key decision you need to make is choosing the right type of bank account for your business transactions. Among the options available, a current account is often considered by freelancers due to its specific features and benefits….
Read moreCurrent Account: Pros & Cons of overdraft facility
Posted on Monday, April 24th, 2023 |
In today’s dynamic business landscape, having a current account is essential for your business, regardless of its size. A current account provides a range of banking services that are specifically designed to cater to the needs of businesses, such as making and receiving payments, managing cash flow, and keeping track of expenses. One such feature…
Read moreHow to Avoid Fees on Your Current Account
Posted on Monday, April 3rd, 2023 |
If you have a current account, you know that it’s important to keep an eye on fees and charges that can eat into your hard-earned money. While fees and charges are a necessary part of banking, there are ways to minimize them and keep your costs low. Here are some tips on how to avoid…
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