With the startup ecosystem booming across the country and more and more people looking to do something on their own, there is a need to be well-acquainted with different business registration types, i.e. sole proprietorship, limited liability company, and private limited company. Private Limited ...
Until now, there was no way for customers to know whether a shop selling goods or services was taxable or tax-exempt. However, to meet the requirements of an invoice orSimple Invoiceas defined ininvoice reporting,businesses must now also mark receiptswith aQualified Invoice System registration nu...
You will need to get your business registered under acts like the GST Act, and get the required licenses. Understand your requirement. Banks offer different types of business accounts, depending on the need. These accounts vary in terms of minimum account balance, features offered, credit lines ...
this acquisition could allow the company to offer a much broader range of lending products and financial services. Besides providing lending solutions like PhonePe and Paytm, it could offer services such as loans to sellers on the merchants
As per GST Law, aggregate turnover does not include value of supplies on which tax is levied on reverse charge basis, and value of inward supplies. This post explains about categories included under GST and categories excluded under GST in India. ...
Any business that has employees, withholds taxes on income paid to non-US non-residents, or files certain tax returns – such as employment, excise, or alcohol, tobacco, and firearms taxes – must have an EIN. An EIN is required to open a business bank account, apply for loans, or ...
details, both on the side of the borrower and the lender. One such simple detail is the type of loan. There are basically two types of loan- secured and unsecured loans. This article is an attempt to make one aware about everything on the second type of loans, i.e. unsecured loans....
There is no transaction limit; however, banks may impose a limit. You can also pay your credit card bill, loans, EMI, etc., via NEFT. You do not have to pay any charges for online NEFT transactions. What is NEFT? NEFT is an abbreviation for National Electronic Funds Transfer. It is...
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The chart of accounts typically includes several categories of accounts, such as: Assets - Accounts that represent the resources owned by the business, such as cash, inventory, and equipment. Liabilities - Accounts that represent debts owed by the business, such as loans, accounts payable, and ...