January 26, 2025

SME-small and medium-sized enterprises

SME

Small and midsize enterprises (SMEs) are businesses that maintain revenues, assets, or a number of employees below a certain threshold. Each country has its own definition of what constitutes a small and midsize enterprise. Certain size criteria must be met, and occasionally, the industry in which the company operates is taken into account as well. What are […]

Gruha Jyoti Scheme Karnataka

Gruha Jyoti Scheme Karnataka

The Gruha Jyothi Scheme by the Karnataka government provides up to 200 units of free electricity per month to eligible households, reducing financial burdens on low-income families. Applicants can register online or through designated centers with basic documentation. The Karnataka Government announced the execution of the ‘Gruha Jyoti Scheme’ for the welfare of the residents by providing free power

How do I make an invoice bill?

How do I make an invoice bill

An invoice or bill is an important written document that indicates the sale or supply by one business to another business or consumer. It contains information about the particular sale transaction, such as buyer’s details, quantity, value, tax, and payment terms. Many countries have laws governing the issue of invoice or bill, mostly associated with

CGTMSE Scheme

CGTMSE

Credit Guarantee Funds Trust for Micro and Small Enterprises (CGTMSE) is a trust established by the Government of India, under the Ministry of Micro, Small and Medium Enterprises (MoMSME) and Small Industries Development Bank of India (SIDBI). Launched in 2000, the CGTMSE scheme offers credit guarantees to financial institutions that offered credit facilities up to

Understanding GST on Food Services & Restaurant Business in India

Understanding GST on Food Services & Restaurant Business in India

As an end consumer, we hardly pay attention to our food bill in these restaurants and most of us are not even aware of the components included in it. If you revisit your food bill from the pre-GST fine-dine experience, you’ll find Service Tax, Service Charge, VAT being added over and above the food value. 

What is Tax Deducted at Source (TDS)

What is Tax Deducted at Source (TDS)

TDS full form stands for Tax Deducted at Source. It is the tax amount deducted by the employer from the taxpayer which is deposited to the IT Department on behalf of the taxpayer. It is a certain percentage of one’s monthly income which is taxed from the point of payment. According to the Income Tax Act

Reserve Bank – Integrated OmbudsmanScheme (RB-IOS), 2021

Reserve Bank - Integrated Ombudsman Scheme (RB-IOS), 2021

Empowering Consumers, Fostering Awareness”: RBI Hosts Press Conference to Illuminate Reserve Bank- Integrated Ombudsman Scheme (RB-IOS), 2021, Emphasizing Grievance Redressal and Accessibility The Reserve Bank of India (RBI) organized a pivotal Press Conference today at Hotel Mountview, Chandigarh, aimed at elevating consumer awareness surrounding the transformative Reserve Bank – Integrated Ombudsman Scheme, 2021 (RB-IOS, 2021).

Dev Vani App

devvani

The Devvani App is an initiative of the Sanskrit Education Department managed by SSECRT (State Sanskrit Education Council and Research Training). It serves as a specialized platform aimed at promoting and enhancing Sanskrit education. Purpose of the Devvani App Sanskrit Language Promotion: The app is designed to promote the Sanskrit language, one of the most

What is the minimum turnover for GST?

What is the minimum turnover for GST

GST, or Goods and Services Tax, was implemented in India in 2017 as a unified indirect tax system to bring about transparency, simplicity, and uniformity in the Indian taxation system. GST replaced various indirect taxes like service tax, VAT, excise, octroi, etc. The GST rates on different products are set by the GST council, which