In India, Micro, Small, and Medium Enterprises (MSMEs) are the backbone of the country’s economic growth, generating employment and contributing significantly to the GDP. However, accessing credit has often been a significant challenge for such enterprises, especially for startups and small-scale businesses. This is where responsible lending plays a transformative role. At LendingKart, responsible lending […]
Understanding GST Exemptions The introduction of the goods and services tax (GST) has simplified the indirect taxation system in India. While most goods and services fall under GST, there are several GST exemption categories that reduce the tax burden. This guide explores the GST exemption list, including various exempted goods and services, along with
Jan Aadhaar Card – Registration, Status Check and Download Online
The Jan Aadhaar Yojana was introduced by the Rajasthan government to streamline identification and welfare delivery. If you are wondering how to get Jan Aadhaar Card, this guide explains the complete process including Jan Aadhaar registration, Jan Aadhaar KYC, and Jan Aadhaar download. The scheme follows the concept of ‘One Number, One Card, One
The MSME 45-day payment rule was introduced by the 2023 Finance Act, under section 43B(h) of the IT Act, to regulate payments due to businesses that come under MSMEs and ensure timely settlements. The newly established rule states that any payment due to MSMEs, if paid during the timeline of 46 days, is eligible
The GST in India system is a destination-based indirect tax levied on every value addition in the supply chain. Introduced on 1st July 2017, GST replaced multiple indirect taxes like VAT, service tax, and excise duty to create a unified tax structure. Understanding the features of GST and the core characteristics of GST is
The Government in India offers various benefits to citizens. These are in the form of subsidies, direct cash transfers, welfare schemes, pensions, and more. To receive these benefits, people must link their bank account with their Aadhaar card to get ₹10,000 as a loan. Linking Aadhaar numbers with bank accounts makes it easier for
Key Takeaways What is a UTR Number & How To Check It? Let’s start by addressing ‘what is UTR Number’. It stands for the unique transaction reference number and the number is generated every time an electronic fund transfer is made from one bank account to another. This unique number makes it easier to
