Lean Manufacturing Principles That Engineers Must Know

Lean manufacturing is a process that improves a company’s manufacturing potential, inventory management, and overall production quality. Toyota Production System was the first company to introduce a similar streamlined concept in its manufacturing line. The term lean manufacturing was coined in 1988 after researchers identified the potential advantage of systematically improving their production line. Studies show that proper implementation of lean manufacturing tools and principles … Continue reading Lean Manufacturing Principles That Engineers Must Know

What Are The Things to consider When applying for a Loan?

Banks or NBFCs offer secured and unsecured loans to help you meet your financial requirements. However, here are some important things like how to increase your CIBIL Score, how to maintain good Cibil to consider before you apply for any type of loan: 1. Interest Rates: Different banks or NBFCs charge different interest rates on loans. The unsecured loans attract high-interest rates, whereas the secured … Continue reading What Are The Things to consider When applying for a Loan?

Important Tips to Grow CA Firm and Its practice in 2019

A CA firm like most firm needs to operate in a professional manner, to be successful. Most charted accounts ponder on how they can grow their CA firm. Here are a few steps you could follow: Expand your Network As a CA practitioner, many times workflows through your own network. Exchange your cards across social gatherings, business meetings, and seminars and more. Connect with people, … Continue reading Important Tips to Grow CA Firm and Its practice in 2019

Know What is Form 16A and Process How to Get it Online?

The certificates of taxes that are deducted at source on all the sources of income that you have are the Form 16, Form 16A and Form 16B. However, there is a huge difference among all of them in terms of their feature and the purpose they serve. In this article, we will try to list down all the differences that these forms have. Each individual … Continue reading Know What is Form 16A and Process How to Get it Online?

How to Get Benefits of MHealth in India?

While India has a lot to do to improve its existing healthcare system, the growth in mobile communication has opened up scope for innovation. mHealth or mobile health has the potential to address challenges related to access, cost and quality of healthcare services in the country. mHealth refers to the medical practice supported by mobile phones and wireless devices with this you can remain connected … Continue reading How to Get Benefits of MHealth in India?

Changes in GST could Complicate Tax System but Boost SMEs

Experts feel that the recent changes declared in the 32nd GST Council meet would complicate tax structure but spell convenience for small and mid-sized enterprises (SMEs). During its meet, the Council raised the minimum threshold limit for GST registration from Rs. 10 lakh to Rs. 20 lakh for hilly and north eastern states, while for others it was raised to Rs. 40 lakh from Rs. … Continue reading Changes in GST could Complicate Tax System but Boost SMEs

Mandates On GSTIN Display Penalty On Non-Compliance By Maharashtra Government

A trade circular titled “43T of 2017” by the Maharashtra Government notified all business to display their GSTIN in front of their principal places and additional places or face a penalty of Rs. 25,000. The Commissioner of Sales Tax, Rajiv Jalota issued this circular and said that businesses have to show their GST Identification Number in bold lettering to make it visible for all venders/customers. … Continue reading Mandates On GSTIN Display Penalty On Non-Compliance By Maharashtra Government

Here are Top Pros and Cons Of GST Tax In India

The Goods and Services Tax (GST) came into effect back in 1st July 2017 although the reform for a new taxation system began in 1958. GST’s rollout got delayed due to multiple changes of power within the central government. There were various GST advantages and disadvantages when it was finally implemented that divided the general public’s opinion of this new tax regime. One of the … Continue reading Here are Top Pros and Cons Of GST Tax In India

Here are Steps for Calculating Income Tax

In India, the Income-tax Act entails the rules and regulations to follow, for computation of tax. The Act establishes different tax slabs for calculating the taxes for a person based on different categories. Every year the slab rates are finalized in the Union Budget. Depending upon the income earned by a person the slab rates vary, and so does the tax. Tax Slabs The tax … Continue reading Here are Steps for Calculating Income Tax

Here’s Why the Income Tax System in India Should not be Abolished

Did you know that there is nothing permanent in this world other than taxes and death? There even is an old saying about the same. However, a few months back BJP MP Subramanian Swamy pitched for abolition of Income Tax to ease the burden on the middle class and promote higher economic growth in the country. As a result you won’t need to pay any … Continue reading Here’s Why the Income Tax System in India Should not be Abolished