Under the guiding principles of ‘Sabka Saath, Sabka Vikas, and Sabka Vishwas’ and the comprehensive national approach of “Sabka Prayas,” Finance and Corporate Affairs Minister, Smt. Nirmala Sitharaman presented the Interim Union Budget 2024-25 in Parliament. The key highlights of the budget can be summarised as follows: Budget 2024 Highlights: Direct and Indirect Tax No … Read more
The PMEGP scheme seeks to offer financial aid to self-employment ventures with the goal of creating sustainable employment opportunities for unemployed youth and traditional artisans in both rural and urban areas. You can also benefit from this scheme as it provides a significant percentage of subsidy on loans. Let us learn all about the Prime … Read more
Selling on Amazon offers a vast customer base, user-friendly listing, and efficient fulfillment services, making it an ideal choice for online business. With its user-friendly platform that allows you to create listings within minutes, free from listing fees. You can easily sell your products online and expand your business in all directions. Therefore, learn the … Read more
The Company Law Committee (CLC), a group of experts appointed by the Ministry of Corporate Affairs (MCA), is considering making new rules for larger unlisted companies. The CLC will also define what makes a company “large” based on its size and revenue. CLC to Consider Quarterly Financial Reporting for Larger Unlisted Companies The Company Law … Read more
Operating a side business helps you in multiple ways including earning passive income., One of the best ways to earn passive income through side business is affiliate marketing. And, affiliate marketing with Amazon stands out from the rest. Let’s learn all about affiliate marketing with Amazon through this article. What’s Amazon Associates Program? Similar to … Read more
There are many different types of lenders available for small businesses, each with its own set of requirements. When you’re applying for a business loan, it’s important to understand what documents you’ll need to provide. The specific documents required may vary depending on the lender, so it’s important to check with them in advance. However, … Read more
Taxpayers with an Aggregate Annual Turnover (AATO) ranging from Rs. 5 crores to Rs. 10 crore can now utilize the e-invoice facility, as made possible by the Central Board of Indirect Taxes and Customs (CBIC). The CBIC has enabled E-Invoicing for businesses having Rs. 5 crores or more in advance. E-Invoices to be Compulsory for … Read more
If you’re a business owner or a tax professional, it’s important to stay up-to-date with the latest regulations and advisories related to the Goods and Services Tax (GST) in India. Recently, the GSTN released an advisory related to the reporting of HSN codes in e-invoices on the IRPs portal. In this post, we’ll understand all … Read more
The government has set a cap on the maximum rate of GST compensation cess for tobacco products such as pan masala and cigarettes. So, This article explores the impact of the government’s decision for the GST Cess limit on tobacco and Pan Masala. Government Caps GST Cess Limit on Tobacco and Pan Masala As part … Read more
The Indian government has recently announced that it will be extending financial support to eligible agencies for promoting Geographical Indications (GIs) products. The move aims to boost the country’s GI sector by encouraging more initiatives. Additionally, it will also focus on projects related to the promotion of these unique products. To streamline the process, the … Read more