When To Apply For A Loan For Business?
Loan for business is like fuel for the business. To run a business, there is a requirement for a continuous flow of funds and a loan for business helps in meeting this requirement. The requirements can be for various reasons, from capital requirements and for the payment of utility bills to buy machinery and capital investment. Nonetheless, there are times when a business is not able to generate enough funds to meet its requirements. In fact, sometimes it is not able to generate funds to meet its everyday requirements. And in such times, a loan for business turns to be
Read moreWhat Is The Difference Between PAN, VAT, TIN, TAN, DSC, & DIN?
PAN, VAT, TIN, TAN, DSC, and DIN – all these three letters usually sound similar to the business entrepreneurs. It is important for a businessman to know the basic difference between these 6 terms. In this blog, we shall discuss the difference between these 6 terms – PAN, VAT, TIN, TAN, DSC, and DIN. PAN – Permanent Identification Number Also Read: Now Get Your PAN Card In Just 4 Hours PAN is a 10-digit number (alphanumeric). The PAN number is issued to each taxpayer, be it an Individual, Business, Trust, HUFs, or Foreign citizen. A PAN number is issued by
Read moreNow Get Your PAN Card In Just 4 Hours
Now you may get your PAN card within 4 hours as the Income Tax Department is working on a few measures. These measures include filing returns, refunds case selection, pre-payment of taxes, etc. As for now, it takes a month for PAN Card allotment. The Income Tax Department is working on it and PAN card in 4 hours will be made possible in about a year’s time. Sushil Chandra, Chairman of CBDT (Central Board of Direct Taxes), said in an industry conference, “The department has taken recourse to technology and automation in several areas, such as pre-payment of taxes, the
Read moreDo We Still Require Service Tax Registration After GST Implementation?
Service Tax Registration in India is compulsory for all the service providers who have provided services of more than INR 9 lakhs in the previous year. However, after the implementation of GST in India on April 1, 2017, the tax regime in India has changed, leaving people confused. In this blog, we shall discuss what service tax registration is and do we require service tax number after GST implementation. What is Service Tax Registration? Also Read: GST Return: How To File GST Return Online ? Service Tax Registration is a type of tax registration only for the service providing businesses in India.
Read moreInterest Subsidy for MSME Exporters Increased to 5% from 3%
The MSME exporters got a good news on last Thursday when the Reserve Bank of India (RBI) hiked the interest subsidy on post and pre-shipment from 3% to 5%. This increased subsidy for MSME exporters is applicable from November 2. The subsidy to Micro, Small, and Medium Enterprise exporters was granted under the Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit. The RBI notification said: it has been decided by the Government of India to increase w.e.f. November 02, 2018 Interest Equalisation rate from 3% to 5% in respect of exports by the Micro, Small & Medium
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