Since its introduction on 1 July 2017, the Goods & Services Tax (GST) has been mandatory for all service providers, traders, manufacturers, and even freelancers in India. The GST system was implemented to replace Central and state-level taxes

MSME industries are the backbone of the economy. They are also known as Small Scale Industries (SSIs). The government of India provides an MSME registration to the industries classified by the government as Micro, Small and Medium Enterprises (MSM

FSSAI registration is one of the most important registration required by every person involved in the food business, such as persons who wish to open a restaurant, bakery, hotel, cloud kitchen or fo

Shops Establishment registration is a state based registration, which is required while establishing a shop, hotel, or any commercial place in that particular state. It is mandatory for every new shop/establishment to get it registered under the S

Registrars of Companies (ROC) appointed under Section 609 of the Companies Act covering the various States and Union Territories are vested with the primary duty of registering companies and LLPs floated in the respective states and the Union Terr

It is indeed used to furnish the financial support to compensate for the loss of the wages of the employee in the duration of his or her abstention from work because of sickness, maternity, and employment injury. ESI scheme is used to furnish medi

What is the role of NGO in India?

The purpose of an NGO is to focus on all topics relating to human rights, social issues, environmental issues, and advocacy. They strive to develop and improve society's social

Trusts are organizations that are generally formed for the social sector like development of science and literature or for religious people like helping religious leaders financially, providing health relief to the general public etc.
TRUST

Here are some of the benefits of partnership deed registration: Gives partners the ability to file a case against third parties, and other partners. Grants the power to claim set-off against any third-party claim. It's ea

Ministry of Food Processing Industry (MoFPI) has launched the Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME) scheme under the Aatmanirbhar Bharat Abhiyan with the aim to enhance the competitiveness of existing indiv

It encourages financial institutions to increase credit flow to the micro sector and reduce dependence on moneylenders. It provides employment opportunities to traditional artisans and unemployed youth to reduce the migration rate from rural to ur

The balance sheet is an important reference document for investors and stakeholders to assess the financial position of a company. This document gives detailed information about assets and liabilities for a specific period of time. Using these det

It serves as a blueprint, providing potential lenders with valuable information about your project's feasibility, profitability, and potential risks. Preparing a strong project report can significantly increase your chances of getting the                         

Tax audit is conducted to achieve the following objectives: Ensure proper maintenance and correctness of books of accounts and certification of the same by a tax auditor. Reporting observations/discrepancies noted by tax audi

A project report summarizes a project's key aspects, including its goals, timeline, budget, progress, and outcomes. It provides project managers with critical information to monitor and evaluate the project's performance, identify potentia

The funds allocated in CC loans can be used to finance operational expenses such as raw material acquisition, debt settlement, overhead costs, and inventory costs, to name a few. Businesses with CC loans have running accounts

 MUDRA Yojana is aimed at supporting all kind of income generating activities under manufacturing, processing, trading and service sector. Assistance can be availe                        

A loan against property(LAP) is a secured loan that is sanctioned against the asset pledged as collateral. This asset can either be an owned land, a house, or any other commercial premises. The asset remains as collateral wit

When a card is unsecured, this means you won't have to put down a deposit as collateral. Unsecured credit cards tend to come with better perks and rewards, lower fees and lower interest rates. Generally speaking, unsecure

Business loans are of great help in meeting working capital requirements and expanding the business. In addition, it can help in maintaining the cash flow during difficult times. In the changing economic climate, business loa

You can avail a Startup business loan from a bank or a financial body in order to raise funds to start a business of your own or expand your current business. The rate of interest charged by the bank will depend on the loan amount

A salary loan is a short-term loan based on the monthly wages of an employee. It is the best option for people who are short on cash and need urgent loans to cover unforeseen bills before their paycheck is credited.

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