Convert regular GST to composition Convert regular GST to composition: To convert regular GST to composition scheme in India, you need to follow the below steps: 1. Log in to the GST portal (www.gst.gov.in. (http://www.gst.gov.in/)) using your registered credentials. 2. Go to the “Services” tab and select “Registration”. 3. Click on “Application to opt for… Read More »
Benefit of GST number Benefit of GST number: Introduced on July 1, 2017, the Goods and Services Tax (GST) is a comprehensive indirect tax implemented in India. Under the GST regime, businesses are assigned a unique identification number known as the GST number. This 15-digit alphanumeric code plays a vital role in tracking the… Read More »
Who should file an MSME Form-1 Introduction Micro, Small, and Medium Enterprises (MSMEs) play a crucial role in the economy by contributing to employment generation, innovation, and industrial growth. To regulate and monitor outstanding payments to MSMEs, the Ministry of Corporate Affairs (MCA) introduced MSME Form-1 under the Companies Act, 2013. This filing requirement ensures… Read More »
Intangible Assets Yes, assets can be intangible. In accounting and finance, assets can categorize into two main types: tangible assets and intangible assets. Tangible assets refer to physical assets that possess a physical form and can be perceived through touch or sight. Examples of tangible assets include buildings, machinery, vehicles, inventory, and land. On the… Read More »
Introduction Starting a private company in India is an exciting yet complex process that requires careful planning and adherence to legal requirements. A Private Limited Company (PLC) is one of the most popular business structures due to its limited liability, ease of operation, and credibility. This article provides a step-by-step guide on how to establish… Read More »
How to make mudra loan project report To create a MUDRA (Micro Units Development and Refinance Agency) loan project report, you can follow these steps How to make mudra loan project report: Understand the Requirements: Familiarize yourself with the specific guidelines and requirements set by the lending institution for MUDRA loans. These guidelines may include… Read More »
Mudra loan Mudra loan, which stands for Micro Units Development and Refinance Agency, is a government initiative in India aimed at offering financial assistance to micro and small enterprises. Its primary objective is to provide crucial support to these businesses. The project report for a Mudra loan would depend on various factors, such as… Read More »
Opening a private limited company at home Starting a business is a significant step, and many entrepreneurs explore various options for setting up their companies. One common question that arises is whether a private limited company can be registered at a residential address. What is a Private Limited Company? A private limited company is a… Read More »
How Can I Add a Partner to a Sole Proprietorship? User Intent Many entrepreneurs start their businesses as sole proprietors but later realize the need for a partner to expand, share responsibilities, or bring in additional expertise. However, adding a partner to a sole proprietorship isn’t a straightforward process because a sole proprietorship is legally… Read More »
Are net sales the same as revenue In the world of finance and accounting, the terms net sales and revenue are often used interchangeably, but they represent different financial metrics. Understanding the distinction between them is crucial for analyzing a company’s financial health and performance. What is Revenue? Revenue refers to the total amount of… Read More »