A special economic zone (SEZ) is defined as a zone where businesses enjoy lenient taxation laws and legal compliances. Another defining feature of SEZs is that they are located within the national borders of a country, partially owing to the n.....
A credit-linked subsidy program, Coir Udyami Yojana or CUY is a scheme that has been developed by the government to help entrepreneurs set up a coir manufacturing unit. It serves as a combination of a loan and subsidy. The subsidy enables beneficiaries to avail.....
A job work is essentially the outsourcing of a portion of the manufacturing process to a third-party vendor/contractor. This means that a part of the manufactured goods are transported from the premises of the principal (the entity that assigns the .....
A Fast Business Loan which is acquired through Bajaj Finance can help a business owner meet the immediate capital requirements of their establishments. Such a form of a credit is usually applied for by a business person who esse.....
When growing an established business or kick-starting a new venture, finance stands as a pivotal aspect. Fortunately, business financing options are available in abundance. A large number of leading lenders offer.....
The Eway bill is an essential document that must be mandatorily generated when transporting a consignment of the value of ₹50,000 and more. This bill ensures that the GST authorities and consignment owners experience a smooth process when undertaking the transportation of goods. Typically, the co.....
The key to the smooth running of the e-commerce industry lies with sturdy logistics. E-commerce companies heavily rely on logistic service providers to fulfil the requirement of transportation across states. Safe to say, customer satisf.....
An electronic way bill (or e-Way bill) has several uses. One of the uses of issuing and maintaining a record of such documents is easy calculation of one’s final GST dues. Additionally, e-Way bills also help taxmen with keep.....
The concept of E-way bills was introduced on April 1st, 2018. Since its introduction, it has been a mandatory document that needs to be carried by those travellers who are tasked with transporting goods worth ₹50,000 or more from one Indian state to another. Every GST-registered person must gener.....
Over 28.68 crore loans have been sanctioned for a total amount of Rs. 14.96 Lakh Crore. Banks, Micro Finance Institutions or MFIs, and Non-Banking Financial Companies have sanctioned the amount since after the Pradhan Mantri Mudra Yojana or PMMY had been launched.
As the name suggests, GST EWB-01 is a billing document that's needed when there's a movement of goods involved whose value exceeds Rs. 50,000. Value of goods is determined by the invoice amount or any other payment receipt like supply bill or challan, and is usually inclusive of taxes such as CGS.....
If you want to transport goods worth ₹50,000 or above from one state to another, it is mandatory for you to generate an eway bill
Imports and exports form the core of a country’s international trade and boost its foreign exchange earnings. In India, all entities taking part in import and export activities are required to abide by the
While the economic climate of the country may not have seemed ideal over the past year, the year 2021 brings new hope for entrepreneurs looking to make their mark in the business landscape. But what they need, above all, is some financial assistance along the way. So if you are an entrepreneur lo.....
The process of lending has come a long way from the methods by which it was traditionally done centuries or even decades ago. Thanks to the advent of technology, the process of getting a business loan from financial institutions has become easier than ever before for the modern business owner. Ho.....
An electronic waybill, popularly known as an e-way bill, is a mandatory electronic document generated to certify and authenticate the movement of goods and servi.....
The introduction of GST e-way bills has been considered a game-changer in India’s history of the movement of Goods. As per GST, it is compulsory that transporters carry an e-way bill when they are transporting goods from one location to another, provided that certain conditions are met. The main .....
There is no doubt that India is slowly but surely becoming home to a large number of promising businesses, with as many as 1.26 million companies having been registered by September 2020. This promise was put to a grinding halt last year due to the impact of the pandemic, but the resilience of th.....
India is today home to more than 41,000 startups out of which 44% have received official recognition.5700 of these are in the Information technology sector, followed by 3600 in healthcare and 1700 in agriculture. The pandemic might have brought down economic activity to a grinding halt, however, .....
Over 6% of the country's total GDP is produced by Mumbai. So, if your company is based in the financial and commercial capital of India, in sectors such as manufacturing, retail, construction, technology, food and grocery delivery, there are many opportunities for growth. You can get an unsecured.....
Your firm needs the right machinery to ensure consistent productivity that leads to better sales and growth. To minimize manpower, you may need technologically advanced machines or simply need machinery by virtue of the industry in which you are. You may opt for a convenient Business Loan tailore.....
VAHAN is an initiative implemented by the Ministry of Road Transport and Highways that is a National Register. It behaves like a principal repository for vital information that is related to a registered vehicle. You can search for your details regarding your concerned registered vehicle via foll.....
Since it has come into effect, the Goods and Service Tax (GST) system has undergone numerous changes. On October 1, 2020, the system had a mandated introduction. Currently, all taxpayers with a turnover between ₹50 Crores and ₹100 Crores are required to use the e-invoicing system. The annual turn.....
On the 10th of December, food delivery platform Swiggy announced that its Street Food Vendors scheme, which is said to support 36,000 sellers across 125 Indian cities will be expanded after a successful pilot run. Under the At.....
The Pradhan Mantri Mudra Yojana (PMMY) is a government scheme with an aim to provide employment in the country and motivate the young generation towards being independent. Micro-Units Development and Refinance Agency (Mudra) is an administration set up an association that offers to finance for MS.....
An E-way bill is utilized for the development of merchandise and can be generated online on the E-way bill portal. Once the e-way bill is created, the recipient, supplier or the transporter will receive a unique e-way bill number (EBN). Earlier, the central government levied taxes on the transpor.....
FMCG (Fast-Moving Consumer Goods) sector consists of businesses dealing in goods that are quickly consumable (therefore called fast-moving) such as milk and dairy products, beverages, cosmetics, etc. Since FMCGs have a short shelf life, quick delivery of goods is critical in the FMCG sector. The .....
The pandemic has pushed the transportation industry's pace to a pause. While recent headlines such as travel bans and major event cancellations make growth like a thing of the distant past, it is necessary to note that before the pandemic struck, the industry was stable and setting records. Histo.....
An E-way bill is a document issued by the carrier containing details to the shipment of a consignment of goods. It is an important document that is required to move goods from one place to another in a vehicle, the transporter needs to be a GST registered individual......
The path to run a business has its periods of highs and lows. For firms to stand firm at all times, a smooth financial cashflow is required. Shortage of working capital can disrupt your business operations. Recessions and delayed payments from clients can hamper your business growth and lead to a.....
To grow your business, you are required to invest in the expenses of growth, like purchasing equipment, advertising, and property expansion. However, managing all those costs and at the same time running your business can be tricky. Almost every company faces financial shortcomings at some point;.....
Women entrepreneurs are taking charge when it comes to producing innovative solutions to bring positive change in society. In doing so, women business owners are showcasing their unique approach to organizing and managing their business. Many banks and lending institutions offer collateral-free l.....
The Pradhan Mantri Mudra Yojana (PMMY) has emerged as the flagship scheme by the government of India to enable last mile connectivity to banking services for every citizen of the country. Under this scheme, any citizen can avail a loan of up to Rs. 10 Lakhs for activities that fall under the non-.....
Medium small and micro enterprises(MSMEs) in India have been the worst affected by the economic downturn being witnessed worldwide due to Covid 19. In April this year, out of the 75 million SMEs in India, 19 to 24 % were at the risk of elimination. In the next one year to 18 months, 10-25 million.....
It is no easy task to establish and run a business. At all times, there are a number of priorities to be considered, factors to be accounted for and resources to be managed. As a result, business owners often find themselves face to face with a variety of different challenges. For most entreprene.....
Starting a venture and working towards its progress requires a great amount of zeal and determination. If you are passionate about establishing your own business, you must prepare a well-crafted business plan. Additionally, you would also need to educate yourself about the existing market trends .....
Establishing a new business or expanding an existing one requires a substantial amount of capital. This is where a business loan can prove to be extremely handy. India is home to a large number of micro, small and medium scale enterprises (MSMEs). These MSMEs contribute significantly to the growt.....
Professional loans are loan facilities granted to working professionals like doctors, lawyers, chartered accountants, architects, etc. who are looking for funds to start their own practice or expand their trade. A lot of people often confuse a professional loan with a
Business lendings are financial solutions offered by banks and non-banking financial companies to help emerging and fast-growing businesses. These solutions vary from one loan provider to another. As a result, a borrower needs to compare several parameters such as interest rates, loan terms and c.....
These days, you would notice an increase in the number of start-ups emerging in India. While most of these businesses are getting financial aids from government schemes and business loan facilities from several loan providers, it is important to note that making that business a success and mainta.....
Getting a loan to take care of my wedding and relieving my parents to enjoy the occasion was the best decision I ever made. Easy-to-apply, amazing interest rate and quick disbursal, what more can one ask for!