Author name: Flexi Payment

The MSME sector is a major contributor to India’s economic growth, with micro and small enterprises (MSEs) growing at a rate of 13.1%, reaching ₹20.57 lakh crore, and medium enterprises growing by 20.8% to ₹5.43 lakh crore. Despite the growth, there’s still a substantial credit gap that leaves many distributors and SME vendors facing real-world …

How Collateral-Free MSME purchase finance Is Empowering Distributors with BNPL Solutions Read More »

What Constitutes a GST Return? A GST return is a comprehensive document containing information regarding all revenue/sales and/or expenses/purchases that must be submitted by every GST-registered taxpayer (each GSTIN) to the tax administrative authorities. This document serves as a tool for tax authorities to determine the net tax liability. Under the GST framework, registered dealers …

KNOWLEDGE SERIES – GST (Part-4: GST Filing –  What Does It Entail?) Read More »

What is a GST Invoice? A GST invoice, also referred to as a bill, delineates the goods dispatched or services rendered, accompanied by the corresponding payment due. Who needs to issue GST invoices? If you’re a business registered under GST, you must issue GST-compliant invoices for the sale of goods and/or services. Moreover, you should …

KNOWLEDGE SERIES – GST (Part-3 : Invoicing Under GST) Read More »

What are the tax payments required under GST? Under the GST regime, the tax payments are primarily categorized into 3 categories : CIRCUMSTANCES CGST SGST IGST Goods sold from Kolkata to Chennai NO NO YES Goods sold within Chennai YES YES NO Goods sold from Chennai to Bangalore YES YES NO In addition to the …

KNOWLEDGE SERIES – GST (Part-2 : GST Payments and Refunds) Read More »