How Can Late Payment Of Dues Affect CIBIL Report?
A CIBIL report or history is an important factor to get the loan sanctioned. Most loan lenders only offer loans to the borrowers with high CIBIL score as it shows the borrower is responsible and creditworthy. A credit or CIBIL report also depicts the financial behavior of the borrower. Having said that, there are several factors that affect the CIBIL report. One among the same is the late payment of dues. Late payment of dues affects negatively on the payment history which is an integral part of the credit report. Now, a lot of people wonder how the late payment
Read moreWhat Are The Considerations To Make Before Availing Unsecured Machinery Loan?
An unsecured machinery loan is availed to buy new machinery or upgrade it to the new version in order to increase production and thereby sales and profits. A machinery loan without security is offered by many lenders in India and on different terms and conditions. And therefore, it is important to know a few considerations before applying for an unsecured machinery loan to make a sound decision. In this blog, we shall discuss the considerations to make before applying for an unsecured machinery loan. The inception of a small business is related to the vision of productive output and good
Read moreHow To Apply For Mudra Loan?
Mudra loan scheme means Micro Units Development & Refinance Agency Ltd. Scheme. Mudra loan is offered to non-farming and micro and small enterprises (non-corporate) by the Pradhan Mantri Mudra Yojana (PMMY). All the said enterprises can avail a business loan of up to INR 10 lakhs under the mudra loan scheme. This scheme was launched by Prime Minister Narendra Modi on April 8, 2015. All the loans are classified as Mudra loans under PMMY. Loans under this scheme are offered by various lenders including NBFCs and banks. The borrowers can also apply for this scheme through the Mudra website. What
Read moreWhat Is GSTR 4 & How To File GSTR 4?
GSTR 4 is mandated to be filed by the individuals and taxpayers who are enrolled under the GST Composition Scheme. The GSTR 4 form is to be filed quarterly by the composition dealers. In this blog, we shall discuss what GSTR 4 is and how to file GSTR 4. What is GSTR-4? also read: what are the documents required for gst registration in india? GSTR 4 is a form that has to be filed every 3 months by the taxpayers who are registered with the Composition Scheme under GST. The form contains the total sales and supplies value, the tax paid,
Read moreGST Exemption Relief: Govt. Doubles GST Exemption Limit For MSMEs
To provide relief to small taxpayers in terms of GST exemption, the government has increased the GST exemption limit for MSMEs. The earlier GST exemption limit was INR 20 lakhs which is now doubled to INR 40 lakhs. This step will especially benefit the MSMEs in India – Micro, Small, and Medium Enterprises. However, the threshold will be INR 20 lakhs for some northeastern and hilly states. Notably, their earlier exemption limit was INR 10 lakhs. The decision will come into effect from April 1 this year. The decision was taken in the GST council which was headed by Finance Minister
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