An essential aspect of business operations, inventory management includes keeping tabs on a firm’s inventory and monitoring specifications such as weight, dimensions, quantity, etc. The objective of inventory management is to make sure a company has sufficient reserves of its products/raw materials. This would stave off any loss in business opportunities because of inventory having been exhausted. As important a function it is, the best … Continue reading Techniques of Inventory Management That can Save your Money
Businesses with an annual turnover of more than Rs. 40 Lakh and Rs. 20 Lakh for north-eastern and hilly states have to file GST mandatorily. They have to obtain a GSTIN, a 15-digit alphanumeric code required for filing returns. There are various goods and service tax forms that taxpayers have to fill depending on their income. Entities with an annual turnover of up to Rs. … Continue reading What is GST Tax Returns Filing In India?
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
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?
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
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?
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?
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
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
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