The impacts of the global pandemic have brought in certain changes in the whole financial setup of India, much like any larger nation. A revised set of regulations and reforms were introduced with new GST rates for the remaining year of 2021 and for the financial year of 2022. Whether it be MSME loans, vendor …
Read MoreIntroduction GST registration entails acquiring a GSTIN from the government to collect and claim tax credits on inbound supplies. GSTIN, or GST registration number, is a unique 15-digit number assigned by the tax department to track registered taxpayers’ tax payments and compliance with applicable laws. Individuals and companies can now register for GST online, focusing …
Read MoreIntroduction In the past, transferring funds from one account to another required a cheque and submission of the cheque to the bank, which typically took one week or longer to process. However, such days are gone, and electronic fund transfer options have gained prominence recently by enabling consumers to transfer money easily via the internet. …
Read MoreImprove the CIBIL Credit Score for a Business Loan The CIBIL score plays a crucial part in deciding your business loan eligibility. Financial institutions, including Non-Banking Financial Companies (NBFCs), and banks consider your credit score a mandatory condition before trusting you with financial lending for your venture. If you are searching for a loan for …
Read MoreIntroduction A cheque is a bill of exchange or an order to a bank. It requires paying a specified amount from the drawer’s account to the bearer of the cheque or to whom it is ordered. A cheque has three parties associated with it: a drawer, a drawee, and a payee. These parties are defined …
Read MoreGST, or the Goods and Service Tax, is hailed as one of the biggest tax reforms of the nation. It is an indirect tax introduced to incorporate various central and state taxes like VAT, Excise, Service Tax and others. Since the implementation of GST in 2017, there have been several amendments in the rules and …
Read MoreCOVID-19, the pandemic that has hampered the growth of the entire industrial world has majorly affected small businesses. The only question everyone is asking is how can these small business firms pick up the loose threads? Well, this is where FlexiLoans comes into the picture. FlexiLoans brings together diverse types of loans drafted specifically for …
Read MoreGST is going to be implemented on 1st July’17 and this has raised a lot of questions in people’s minds. Questions like: “What will become cheaper, what will become more expensive, which industries will get affected the most?” etc. have been looming around everyone’s minds. As we arrive closer to the date things seem to …
Read MoreThe Government has announced a massive relief package for the MSME sector which is highly stressed due to the on-going COVID 19 pandemic. There are a host of measures that will ensure the availability of working capital. The package has relevance for the MSME sector as the economy is driven by the vision of Atmanirbhar …
Read MorePoint of Sales (or POS) transaction refers to the moment where the customer makes the payment against goods or services. This payment process can be completed via any of these mentioned methods, including payment via cash, credit cards, debit cards, mobile payments, loyalty points, and even gift cards. A study revealed that the POS transaction …
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