Entrepreneurship
EXPORT OF GOODS/ SERVICE UNDER GST
Are you planning to start a new business for exports? Are you planning to export your existing goods /services outside India? Are you aware of the provisions of GST for exporter? Let us understand it in easy language for a new /existing Exporter. Under the Goods and Services Tax (GST) regime in India, there are…
Limited Liability Partnership – An Overview
Do you have a business idea in mind? Are you waiting for starting your new business? Want to execute the business idea into an actual business? Were you waiting for the new Financial year to start? Well now as the new Financial year has started it is time to bring your business idea into action….
New v/s Old tax regime – From My Perspective
Well, it’s time to decide between the Old Income Tax Regime and The New Tax Regime. Though most of us will leave this decision to our tax or Financial expert here is my view on the same . The old tax system which was established provided many tax-deductible investment opportunities. In the old times, it…
Accounting in home-based businesses
Home-based businesses may be handmade products, home-based catering, event planning, consultancy or any other business they are still businesses, and as such a financial accounting is needed for several reasons. Taxes are one of the most important reasons for a home business to keep accounting records to show money made and money paid. In India,…
GST Amnesty Scheme 2021
1. What is GST Amnesty Scheme 2021 ? GST Amnesty scheme is a scheme for a reduction in GSTR 3 B and GSTR 4 late fees liability. The Maximum late fees applicable for a month is RS. 10000/- but under this amnesty scheme, it is reduced substantially. The scheme is introduced to help small and…
Master 6 Financial Ratio for Successful Entrepreneurship
If you are an Entrepreneur then you along with managing your work and delegating the responsibilities to subordinates , you should also master the basic Financial ratios which will help you to understand where your business stand. The First and the most favorite ratio of all entrepreneurs is Gross Profit Ratio. This ratio is easy…
All you need to know about Project Report for Bank Loans
Whether you want to start a new business or a project or you want to expand your existing business, finance is the Cruz of any business. When you might have a great idea but do not have the required finances to execute it, you could look for a loan from banks & financial institutions. Government…
7 Mistakes to Avoid When Starting a Business
Whether you start up a small scale business or a huge business, there are few mistakes that are generally made by new Entrepreneurs and it is okay to learn from mistakes but what’s better is to avoid a few mistakes by reading this article. Here are the 7 Mistakes to Avoid When Starting a Business:…
Sole Proprietorship: Features, Advantages, Disadvantages with Compliances
When we talk of starting a new business entity the first form of business entity that comes to mind is Sole Proprietary. Being one of the easiest form of business entity in terms of registration and compliance many small and new scale entrepreneurs enroll for this form of entity. Let us know in detail about…
An Entrepreneur is Born…
Raju was a son of a fruitseller . All throughout his childhood he has seen his father selling different fruits as per season basis. He used to sit along with his father while he used to sell fruits, sometimes he also used to go to the market along with his dad for purchasing fruits for…