What is GST Registration? • Under the Goods and Services Tax (GST) regime, businesses surpassing the threshold limit of Rs.40 lakh, Rs.20 lakh, or Rs.10 lakh, as applicable, are required to register as normal taxable entities. This process is termed as GST registration.• For certain enterprises, GST registration is obligatory. Conducting business without proper GST …
You need to enable API access from your account in the GSTN portal to connect the FlexiPayment Platform with the GSTN portal securely. To enable API access: Click the Manage API Access from the Quick Links. Duration for keeping GST API Access active. You have the option to keep your API session active for a minimum of …
In the rapidly evolving landscape of B2B commerce, Purchase Invoice Discounting stands as a beacon of financial innovation, and flexibility. Our Purchase Invoice Discounting program is a powerful solution that empowers businesses with flexibility and freedom. With this program, you can pay your suppliers and buy additional inventories. Imagine this as your very own “BUY …
Imagine you operate an ice cream parlor in Northern India. The summer season is your golden goose, bringing in a flurry of sales. But come December-January, the customers are bare and the cash flow dries up. This is the reality for businesses in various industries where demand and revenue fluctuate significantly throughout the year. These …
While we often measure a startup’s success rate by its degree of innovation, many entrepreneurs overlook one key element necessary for the sustainable success of a startup – its working capital. In fact, without sufficient working capital, even the most promising ideas can struggle to take root and blossom. Consider this: 82% of startups fail …
Optimizing Working Capital for Startups: Building a Foundation for Sustainable Success Read More »
The MSME sector, often hailed as the backbone of the Indian economy, has been buzzing with activity, especially in the credit domain. As we delve into the industry insights for August 2023, a few trends emerge that paint a comprehensive picture of the credit demand, supply, and growth dynamics. A significant uptick of 33% in …
MSME Credit Pulse: Decoding Demand, Supply, and Growth Trends of August 2023 – 2024 Read More »
India’s economic landscape has been a beacon of growth, with the Micro, Small, and Medium Enterprises (MSME) sector playing a pivotal role. Recent data reveals a promising trajectory for the MSME sector, which has been instrumental in driving the nation’s commercial credit portfolio. In FY 23-Q4, this portfolio witnessed a robust 15% YoY growth, with …
The Indian Economy and the Resilient MSME Sector Read More »
Working capital loans are a financial lifeline for businesses, providing the money needed for day-to-day operations. These short-term loans help cover costs like raw material purchases, expenses like salaries & wages and help manage the day-to-day operations, thereby ensuring smooth business functioning. These loans are a practical solution for managing cash flow gaps, seizing growth …
Micro, small, and medium enterprises, commonly known as MSMEs, are the backbone of our country’s economy. The sector accounts for almost 29% of the GDP and approximately 49% of total exports. The Indian Government aims to increase MSME contribution to more than 50% and 75% of the GDP and exports, respectively. However, the biggest constraint …
Smaller businesses contribute almost 30% to India’s Gross Domestic Product (GDP). Often, these businesses are unable to grow due to the lack of access to the formal banking system, which prevents them from keeping up with the increasing supply chain expenses. Technology-based supply chain finance has been useful in reducing costs and optimizing working capital …
FinTech – Spearheading the Innovations in Supply Chain Finance Read More »
