*Shocking business statistics alert* 67% of businesses end-up closing, margining or failing because of adequate and adroit accounting and finance management. Keeping a business afloat and functional comes with ample challenges and accounting management is the most notorious one. The economic disturbance, complex financing, and ever-changing compliances are some of the key accounting pitfalls that […]
From surviving a pandemic to generating 17.2 million jobs by the end of 2030, the restaurant industry leaves no scope to fascinate and surprise us. However, what might seem an effortless operational restaurant from the surface can be a hustle-bustle from behind the curtains as managing a restaurant is a tedious job. If data is […]
The Indian financial industry has done through many revolutionary changes in the past and has paved the path for new technologies and processes. The establishment of neobank is one such laudable move that the Indian financial sector has taken for the betterment of the citizen. 100% digital presence and no impediment caused by the legacy […]
A bitter truth for all offline businesses is that customer tastes and preferences have changed in the past few years. Though it is challenging to cover up the internet with your products and services, you are not going to succeed if you don’t start up against your real competitors. Major business industries have shifted online […]
GST is one of the premium taxes levied on customers to subsume all the taxes. Indian Government has implemented GST in order to put all taxes together on a roof. However, the implementation of GST has initially affected the way of start-ups operation in India. It has majorly enhanced the new start-up’s numbers in the […]
India is a developing country, and it has progressed a lot after its independence. Indians must be elated to define their situation as they have become one of the top countries worldwide on numerous parameters. However, with 70% of the Indian population dwelling in small cities and villages, many business opportunities have flourished in those […]
The world is digitized and you’re still stuck with offline or manual bookkeeping. Needless to say, you’re still lagging in terms of productivity, cost-effectiveness, and operational accuracy by adhering to this age-old practice. Bookkeeping, maintaining records, and business crucial details, are one thing that every business has to perform, no matter how tedious and tiring […]
GST, aka Goods and Services Tax, is a dynamic law, which has gone through various amendments, alterations, and additions after its inception. The small business owners, tax consultants, and taxpayers are needed to stay updated with all these changes as this will guide us in making the appropriate decisions for our business and ourselves. Therefore, […]
Indian government keeps on coming up with schemes after schemes for social development and people lifting. The new addition to the list is the Stand-Up India scheme. Designed for the growth of scheduled caste or scheduled tribes or women of the country, this scheme aims to empower India by assisting upcoming entrepreneurs coming from these […]
ITC is elaborated in section 2 (1) (d) of the IGST Act and section 2 (57) of the Model GST Law. It is one of the major elements of fathoming, which has innumerable implications under the Goods and Services Tax (GST). In the case of transforming scenario, the Indian Government keeps incorporating many amendments to […]
