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GST

How to Calculate GST? GST (Goods and Service Tax) Guide 101?

Table of Contents How to calculate GST? Types of GST collections How to Calculate GST on goods and services? Frequently Asked Questions How to calculate GST? Implemented in 2017 with an aim to simplify the burdened taxation system of India, Goods and Services Tax is one of the most significant indirect tax reforms enacted in […]

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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, […]

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GST

How to avail Input Tax Credit (ITC) if Supplier has not uploaded Invoices?

Table of Contents What is the Input Tax Credit (ITC)? How to avail Input Tax Credit (ITC) if your Supplier has not uploaded Invoices? After implementation of Tax Rule what changes will take place? What is the Eligible ITC? What is the Input Tax Credit (ITC)? The Input Tax Credit (ITC) is the tax paid […]

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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 […]

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GST

Union Budget 2021: What SMEs and Start-ups can expect?

The year 2020 was a global challenge to all due to COVID-19 pandemic. As per the National Statistical Office, India’s GDP contracted by a record 7.7% during FY-2020-21.  With the Union budget scheduled to be announced on the 1st of February, various sectors and start-ups, and SME’s are eagerly waiting for the annual budget. The […]