Business Updates

All about PMEGP (Prime Minister’s Employment Generation Programme)

All about PMEGP (Prime Minister’s Employment Generation Programme)

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

Quarterly Company Compliances for Unlisted Companies

Quarterly Company Compliances for Unlisted Companies

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

Documents required for business loan

Documents required for business loan

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

E-invoicing mandatory for Turnover > ₹5 Crore

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

HSN Code Reporting in e-Invoice on IRPs Portal

HSN Code Reporting in e-Invoice on IRPs Portal

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

Govt. imposes highest GST Cess limit on tobacco

Govt. imposes highest GST Cess limit on tobacco

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

Government to support promotion of GI products

Government to support Promotion of GI products

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

MCA Allows Offline Filing of Eight Forms

MCA Allows Offline Filing of Eight Forms

The MCA has authorized the submission of Forms GNL-2, MGT-14, PAS-3, SH-8, SH-9, and SH-11 in physical form. All the crucial information regarding physical filling of forms is mentioned in this article. MCA allows physical filing of Forms GNL-2 and MGT-14 during MCA21 Portal transition The Ministry of Corporate Affairs (MCA) has announced that companies … Read more