What’s the right time to raise funds? The best time to raise capital for a start-up is when you have a clear idea of what you want to do and a clear idea of how much money you need to get to a milestone that will set a higher value for your company. In general,… Continue reading ‘WHEN IS THE BEST TIME TO ENTER SHARK TANK’
Category: MSME
Quarterly Return Filing and Monthly Payment of Taxes (QRMP) scheme
After much trials and error, CBIC has introduced fairly convenient system to simplify compliance for small taxpayers whose turnover is less than Rs.5 crores. The scheme called Quarterly Return Filing and Monthly Payment of Taxes (QRMP) allows the taxpayers to file GSTR-3B on a quarterly basis and pay tax every month. Eligibility A registered… Continue reading Quarterly Return Filing and Monthly Payment of Taxes (QRMP) scheme
Simplified: Compliances under GST law
“Compliance has nuisance value”, is a simple answer we give to the entrepreneurs wondering about necessity of filing tax returns. Paying taxes and filing tax returns on time won’t add any value to your business. But failure to do so, leads to financial and non-financial challenges for business. Such as: Interest must be paid for… Continue reading Simplified: Compliances under GST law
What is the ideal time for a new business to get registered under GST?
Do I have to register my business under GST? Should I take burden of GST compliance right away? What is the ideal time to get registered under GST? What documents are required for getting GST number? These are few common questions faced by many budding entrepreneurs. Under the GST law, business can register either voluntarily… Continue reading What is the ideal time for a new business to get registered under GST?
Exploring the New MSME Registration (UDYAM)
Meaning of UDYAM: The notification issued by the Government says that from July 01, 2020, an MSME will be known as UDYAM, and the enrolment or the registration process will be known UDYAM Enrollment Registration. Eligibility Criteria: Ministry of Micro, Small and Medium Enterprises vide its notification dated 1st June read with notification 26th June, 2020 has revised criteria for classification… Continue reading Exploring the New MSME Registration (UDYAM)