Categories
GENERAL

Udyog Aadhaar – Benefits, Registration Process, and Documents Required.

Opening a business in India is a lengthy process. When starting up a small or medium business (SMB), you may get confused about the requirements for registration. One of the important requirements for registering an SMB is Udyog Aadhaar. It is also known as Aadhaar for business. It is a 12-digit Unique Identification Number provided […]

Categories
GENERAL GST

Debit Note and Credit Note: Adjust Your Sales Easily

When we purchase goods, we must collect an invoice. After all, what will you do if you need proof of purchase? There may be situations that may lead to change in the value of invoices. You can’t edit the invoices, can you? That is where a debit note and credit note comes to the rescue. […]

Categories
GENERAL

MSME Definition, Role and Importance – all you need to know.

Table of Contents What is MSME? Feature of MSME Role of MSMEs in Indian Economy Importance of MSMEs for the Indian Economy What is MSME? MSME stands for Micro, Small and Medium Enterprises. MSMEs are primarily engaged in producing, processing, or preserving products and materials. In India, MSMEs contribute nearly 8% of the country’s GDP, […]

Categories
GENERAL

MSME Classification – all you need to know.

The Government had always been working for the benefit of Micro, Small, and Medium Enterprises (MSMEs). Along with this Government also provide many services to MSME registration. In India, when it comes to MSME registration, we can see that many benefits also come with it. A business can avail of these benefits only if it […]

Categories
GENERAL

Budget 2021: Top 10 important highlights for SME and Startup.

Budget 2021 is the first paperless budget by the Finance Ministry. There have been many initiatives taken to strengthen SME and Startup sector. Here’s Key highlights for SME and Startup, Nirmala Sitharaman announced in the first digital budget. Table of Contents Incentivising OPC Setup Budgetary Allocation Extending Tax Holiday Insolvency Resolution Customs Duty Slashed Digital […]