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Do MSME have to pay GST?
Posted on Friday, July 21st, 2023 |
For small businesses in India, understanding the intricacies of taxation is crucial. The Goods and Services Tax (GST) has been a significant reform in the country’s tax system, streamlining the taxation process and replacing multiple indirect taxes. However, the question arises: Do Micro, Small, and Medium Enterprises (MSME) have to pay GST? In this blog,…
Read moreHow to Craft a Business Plan for Your MSME Loan Application
Posted on Monday, July 17th, 2023 |
As an aspiring entrepreneur or a small business owner looking to expand your operations, securing a Micro, Small, and Medium Enterprises (MSME) loan can be a crucial step in fulfilling your ambitions. A well-structured business plan is the key to increasing your chances of obtaining the funding you need. In this blog, we will guide…
Read moreHow do business loans work for SMEs?
Posted on Thursday, July 13th, 2023 |
Small and Medium Enterprises (SMEs) play a vital role in driving economic growth and innovation. However, like any other business, SMEs often face financial challenges that can hinder their expansion and growth plans. In such situations, a well-structured business loan can serve as a lifeline, offering the much-needed capital to fuel business growth. In this…
Read moreMSME: How to Calculate Gross Profit
Posted on Tuesday, July 11th, 2023 |
For Micro, Small, and Medium Enterprises (MSMEs), understanding financial metrics is essential for sustainable growth. One of the fundamental indicators of a business’s financial health is the Gross Profit. Calculating Gross Profit accurately not only helps gauge profitability but also aids in effective tax planning and overall financial management. In this blog, we will explain…
Read moreMSME: What Kind of Businesses Are Tax Exempted?
Posted on Monday, June 26th, 2023 |
Taxation is an essential aspect of running a business, as it helps fund public services and infrastructure. However, certain businesses may be eligible for tax exemptions, allowing them to reduce their tax liabilities or even be completely exempt from paying certain taxes. In this blog post, we will explore the types of businesses that are…
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