Govt. Introduces New Initiatives To Make It Easy To Start New Business
While addressing both the Parliament houses on Thursday, President Ram Nath Kovind said that India is one among the countries with most start-ups or a new business in the world. It has now become easier to start a new business in India. That’s why many people are starting a business. If you too are looking forward to starting a new business but don’t know how to start a business, then worry not! Read on to know how you can start a business and what all information you have to provide to the government. Easy Rules The Modi government has made
Read moreGovernment May Reduce Number Of Clearances Required To Open Kirana Store, Eateries
In an attempt to help Kirana store and Eatery business owners, the government is planning to reduce the number of clearances required for opening a Kirana store and eateries. At present, a total of 28 clearances are required to open a Kirana store, which includes GST registration and license under the Shops and Establishment Act. The same way, around 17 approvals are required to open a restaurant or a dhaba, ranging from no-objection certificate for a fire to clearance from the food regulator. Notably, these clearances are hyperlocal and vary from one city to another. In comparison, only four clearances
Read moreWhat Are The Benefits Of Short-term Loans For Business?
Business loans can be of great help to the business owners looking for additional sources of money. It can be of two types- short-term loans and long-term loans. Every business has different needs, and it can avail the type of loan as per the requirements. It is just that the adequate funds should be available at his disposal at the time of need. A business owner may require money just for the off-season, and thus, for a short period. So, short-term loans can be of great help to him. Finding the right business loan is not an easy task. However,
Read moreEasy Guide To Avail Pre-approved Business Loans In India
For business owners who are eager to take their small business forward, availing a pre-approved business loan would serve as an essential step to fuel to their growth. Whether the funds are required to upgrade infrastructure or machinery or to increase working capital, business loans are the best option to meet funds requirement. Before applying for a business loan, the business owner must finalize the appropriate lender and be prepared in term of documents. He can also prepare a business plan to support his application and ascertain the amount required to meet the needs. While availing a loan for business
Read moreHere’s Everything You Need To Know About Excise Duty In India
Directly or indirectly, the government of India levies various taxes, among which one is excise duty. The direct taxes are directly charged to the taxpayers, whereas the burden of indirect taxes smoothly comes to the end consumer. Excise duty is an indirect tax. We shall discuss it in-depth in this blog. What is Excise Duty? It is a type of indirect tax which is levied on the sales of a good. The tax is not directly paid by the customer but is passed on to him by merchant or producer of goods. The tax is charged under the Excise Duty
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