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 […]
When it comes to filing GSTR-9, understanding the GSTR-9 turnover limit is not just important for complying with tax regulations, but also for ensuring that your business stays on the right side of the law. In simple terms, it is about doing things right in order to avoid unnecessary penalties. The GSTR-9 turnover limit
Return on investments is a ratio that helps you measure the profitability of your investments against the various investment costs. It is typically measured as net income by the original capital cost of the investment. Calculating ROI on an investment like stocks or mutual funds offers you insights into the potential returns on the
India’s startup ecosystem is expanding rapidly, but securing reliable funding continues to be an obstacle for many early-stage companies, especially those without assets to pledge. To bridge this gap, the Government of India launched the Credit Guarantee Scheme for Startups (CGSS) under the larger Startup India initiative. The Startup Credit Guarantee Scheme is designed
The taxation system in India is forever evolving. However, one of the most significant changes was made with the introduction of Goods and Services Tax, the GST. Quite comprehensive in its nature, GST includes many components, and the Input Tax Credit is an important one. As a business owner, Input Tax Credit is not
Understanding the complexities of Goods and Services Tax is crucial for every individual involved in the consumption or supply of goods and services. One such aspect of Goods and Services Tax is the Reverse Charge Mechanism or RCM. As the name suggests, under RCM, the liability to pay taxes for goods and services lies
In India, there are approximately 6.3 crore MSMEs which involve in national and international trades, contributing about 29% towards GDP. MSMEs contribute to the economic and social growth of the nation and are a great way to decrease unemployment issues and promote local products. Our government understands the difficulties that every micro, small and
