What is EBITDA? EBITDA stands for Earnings before Interest, Taxes,…
Wondering what the deal is with corporate finance? Here’s the only guide to corporate finance that you’ll ever need. Read on!
What is AP Automation? AP automation is the process of managing accounts payables processes with technology. The objective of AP automation is to automate routine steps in the procurement process like…
ESI calculation is done on the basis of the wages paid to the employee. Learn how to calculate ESI with an example in this blog post.
Introduction of GST on Online Gaming The online gaming industry in India has seen significant growth, driven by widespread smartphone usage, affordable internet, and a young population. This sector includes…
GST has replaced most other indirect taxes has paved the way for a positive impact on small and medium enterprises. Read more to find out.
Create brand messaging that connects with your audience, builds trust, and boosts loyalty to drive growth and success in the competitive e-commerce space.
Maintaining a patent requires paying patent renewal fees in India annually. These fees are crucial for keeping your patent rights in force and protecting your intellectual property. It is essential…
A patent grants inventors exclusive rights to their innovations, protecting them from unauthorized use, manufacturing, or sale by others. The Patents Act in India is designed to uphold these rights,…
What is Employee Compensation? Employee compensation refers to the total monetary and non-monetary rewards that a company provides to its employees in exchange for their work. Whatever the types of…
What is the GST on Medicines? The Goods and Services Tax (GST) on medicines is levied at varying rates depending on the type of medicine or pharmaceutical product. The GST…
Workforce management (WFM) encompasses a broad array of tools and strategies designed to help companies optimize employee productivity, control labor costs, and – very importantly – comply with legal requirements.…
What are commercial banks? Commercial banks are financial institutions that offer services like cash deposits, loans, locker facilities, and business finance functions like receivables and payables management, capital raising and…
Managing invoices can be a complex, error-prone process if not done correctly. Here are the most common invoice errors and how to avoid them. Common Invoice Errors Manual invoice processing…
Every working professional is familiar with the term CTC. If you’re a fresher, CTC full form in salary is “Cost to Company”. Loosely put, it simply means the compensation the…
Meaning of Strategic Procurement Strategic procurement is the process of acquiring goods and services for the business at the best possible price, at the right time. It involves measuring requirements…
Vendor payments are an important part of the procurement cycle, where the business makes the final payment to the supplier. It forms a crucial part of good vendor management and…
An appointment letter is a formal document sent out by companies whenever a candidate gets selected for a position. Read on to know what an appointment letter is, the steps to write one, and get ready-to-use Word and PDF templates for free.
Patent infringement is a crucial issue in both legal and business contexts, referring to the unauthorized use of patented inventions. In India, understanding the complexities of patent infringement is vital…
What Can be Patented in India? An invention can be patented in India if it is related to a product or process that is new, involves an inventive step, and…
What is an employee value proposition? An employee value proposition includes the benefits and perks employers offer to attract and retain the best talent. Benefits like a competitive salary, great work-life…
What is the Equal Remuneration Act? Equal Remuneration Act is a law that ensures fair and equal payment of wages to both men and women workers. It was enacted in…
How Much Does a Patent Cost in India? patent cost in India is as low as ₹1,600 incase of an individual or a startup, small entities pay ₹4,000, and large…
What is a Patent Agent? A patent agent or a patent practitioner is a licensed professional authorized to represent inventors and companies, providing expert advice and assistance with patent applications.…
What is a Provisional Patent Application? A provisional patent application is an initial filing with the patent office that establishes an early filing date for your invention. It provides a…
What is a Patent Attorney? A patent law attorney in India is a qualified legal practitioner who handles patent cases and helps clients protect their intellectual property rights and inventions.…
Since the implementation of GST, the real estate industry in India has transformed, focusing on simplifying taxation. GST helps reduce the tax burden and increase transparency in property deals. This…
Although electronic payments have surged in popularity, the traditional cheque remains a trusted method for many individuals and businesses. This guide explores the advantages and disadvantages of cheques, offering insights…
Cheques and demand drafts (DD) are two common financial instruments used for payments in India. While both serve the purpose of transferring funds, it’s important to understand the difference between…
What Is An Account Payee Cheque? An account payee cheque is a secure cheque issued in favor of a specific payee’s bank account. It can only be deposited into the…
What is a Cheque Leaf? A cheque leaf is an individual cheque from your cheque book that allows you to instruct your bank to pay a specified amount to the…
What is a Bearer Cheque? A bearer cheque is a type of cheque that can be cashed by whoever presents it at the bank, as it is not issued to…
What is a Bank Cheque Book? A bank cheque book is a booklet containing multiple blank cheques issued by a bank. Each cheque leaf allows account holders to instruct the…
Consumers can use IMPS without needing a smartphone, which adds to its financial inclusivity, making it a great payment option for the masses.
17 clever ways to elevate your average order value! From bundles to upsells, turn every cart into a bigger, better revenue booster.
Corporate guarantees are essential in corporate finance, boosting a borrower’s creditworthiness and offering reassurance to lenders. As corporate guarantees grow more common in loan arrangements, understanding the Goods and Services…
GST has replaced most other indirect taxes like service tax, VAT, central excise duty, additional customs duty, surcharges and octroi.
What is Virtual Payment Address (VPA) in UPI? The full form of VPA is Virtual Payment Address. VPA is a unique digital identifier within the Unified Payments Interface (UPI) system…
What are Capital Goods in GST? In India, ‘capital goods’ under GST are defined in Section 2(19) of the Central Goods and Services Tax (CGST) Act. According to this definition,…
GST on Ice Cream The GST on ice cream is 18% with ITC for businesses and the ice cream HSN code is 2105 00 00. The higher GST rate reflects…
NEFT is an extremely convenient form of making online transactions. It also accommodates transfers to NRE and NRO accounts.
This article explores the HDFC UPI limits for 2024 and provides insights on how to increase your HDFC Bank UPI transaction limits. Understanding these HDFC bank UPI limits is crucial…
Explore and learn about latest GPay per day limit in India, maximum transaction limit on Google pay, how much money you can send or receive with GPay and the maximum…
In the payroll setup, statutory compliance is the legal framework established by the Government for organisations within which Indian companies must work.
Master the art of checkout page design! Our essential do’s and don’ts will help you create a smooth path to purchase and keep your customers engaged.
GST on Flight Tickets The GST on flight tickets generally falls under the 5% or 12% tax bracket. Whether you’re a frequent flyer, a business traveler, or simply curious about…
One of the features of RTGS that make it particularly relevant for modern consumers is that the transactions can be initiated through net-banking.
GST on Services Goods and Service Tax on services follows a structured 4-tier rate system, with tax rates set at 5%, 12%, 18%, and 28%. Each tier offers distinct advantages…
On 1st June, the Union Cabinet headed by Prime Minister Narendra Modi revised the MSME definition by changing the investment and turnover figures. Read all about it here.
What is a Cancelled Cheque? A cancelled cheque is a cheque that has already been paid by the bank and is marked with the word ‘CANCELLED,’ indicating that it is…
What is Human Resource Planning (HRP)? HR planning, or is the process of planning and managing an organisation’s talent needs. The objective of HRP is to ensure that the business…
Companies grant conveyance allowances to their employees to cover travel expenses to and from the office. Read this blog post for more.
How to Sell Online Courses Successfully? Selling online courses involves more than just creating quality content; it’s about knowing who can create these courses, selecting the right topic, and understanding…
In India, the Goods and Services Tax (GST) impacts almost every industry, including publishing. GST on Books, along with newspapers, brochures, and calendars, applies specific rates based on their corresponding…
What is the Accounts Payable Turnover Ratio? Accounts payable turnover ratio, otherwise known as the turnover ratio or creditors turnover ratio is a measure of how many times a business…
What is Order Fulfillment? Order fulfillment is the business process of receiving, processing, and delivering customer’s orders. Key functions of Order fulfillment include inventory management, order processing, packaging, shipping, and…
NEFT Timings in 2024 As per RBI, NEFT services are available 24/7 and 365 days. Key NEFT transfer timings include: Working days NEFT Time (7:00 AM to 7:00 PM): No…
What Is C2B eCommerce? C2B eCommerce (Consumer to Business) is a business model in which consumers offer products, services, or content directly to businesses on an online platform. In exchange,…
What is Maternity Leave? Maternity leave is a long-term paid leave offered by businesses to support pregnant women employees before and after child birth. Maternity leave allows new mothers to…
An increment or a salary hike is the increase in the current salary of any employee. Learn how to calculate the salary hike percentage in India in this blog post.
Freight charges refer to the overall cost of moving goods across various modes—such as air, sea, or road. It’s important to note that while Goods Transport Agencies (GTA) specifically handle…
What Is a UTR Number? The full form of UTR is Unique Transaction Reference number. It is an alphanumeric code that uniquely identifies financial transactions in India. It is generated…
Goods and Services Tax (GST) on laptops and computers is crucial in determining the final price of these devices in India. This article will explore the GST rates applicable to…
What Is the GST on Cement Bags? The GST rate on cement bags is set at 28%. This rate is part of the Goods and Services Tax (GST) regime, which…
Shopify has announced that it will deprecate its existing Checkout APIs by April 1, 2025. As a result, businesses using Razorpay Magic Checkout will be required to update their Magic…
What is Corporate Bond? A corporate bond is a type of debt instrument issued by companies to raise capital from investors. When an investor purchases a corporate bond, they are…
What is the Full Form of ATM? The full form of ATM is “Automated Teller Machine.” The term ATM comes from “Automated,” indicating it works automatically, and “Teller,” referring to…
Discover effective festive season sale strategies to boost your D2C brand’s sales, enhance customer experience, and maximize profits this holiday season.
What is FCRA Registration? FCRA (Foreign Contribution Regulation Act) registration is a mandatory certification for organisations in India, enabling them to receive foreign contributions legally. Issued by the Ministry of…
What is Speculative Business? A speculative business refers to a high-risk venture with the potential for significant gains or losses. These businesses often invest a large portion of their assets…
What is Payroll Automation? Payroll automation is the use of software and technology to reduce manual effort in payroll-related tasks. It makes the process of calculating and executing payroll easy…
Reviewed by – CA Sugandha Bhatia Contractors or gig workers are people who take on short-term, project or assignment based jobs instead of a long-term, permanent employment. Businesses like Uber,…
What is a Payment Reference Number? A payment reference number is a unique identifier for a financial transaction, such as bank transfers, card payments, and direct debits. This alphanumeric code…
An mPIN is a 6 digit passcode that you must enter every time you wish to make a transaction. Without the mPIN, you cannot make UPI transactions.
Discover effective email marketing strategy tips and real-life examples to drive sales, engage customers, and recover abandoned carts effortlessly.
HR compliance is the process of bringing an organisation’s HR policies in sync with the labour laws prevalent at the city, state, country, and global level and in accordance with industry-specific laws.
What is Corporate Restructuring? Corporate restructuring refers to the process of making significant changes to a company’s structure, operations, or ownership to enhance business performance, increase profitability, or better align…
What are Trade Payables? Trade payables is the money that a business owes its suppliers for items procured on credit terms. These liabilities arise due to purchases of inventory, materials,…
What is Nidhi Company? A Nidhi company is a type of non-banking financial company (NBFC) in India that focuses on borrowing and lending money among its members, who are also…
What is Darpan Registration? Darpan registration is the online registration process for non-governmental organisations (NGOs) or voluntary organisations (VOs) on the NGO Darpan portal. By registering under Darpan registration, NGOs…
What Is the GST Rate on Petrol and Diesel? Petrol and diesel are not covered under the GST (Goods and Services Tax) regime. These fuels continue to be taxed through…
What is Invoice Price? The invoice price is the actual price that a retailer or end customer pays to a manufacturer or distributor for a product or service. It is…
What is Udyam Registration? Udyam registration is a free, paperless, self-declared online registration process to easily register Micro, Small, and Medium-sized Enterprises (MSMEs) as legal entities in India. Upon completing…
GST on Silver with HSN Code The Goods and Services Tax (GST) on silver has been a significant topic since its implementation in July 2017. As of 2024, the GST…
Impact of GST on Current Account Opening GST – Goods and Services Tax is an indirect tax that applies to both the goods and services within the country. Many banks…
What is a Payroll Policy? A payroll policy is a set of procedures or processes put in place by the HR and Finance team to ensure that payroll is processed…
GST stands for Goods and Services Tax, which represents a unified approach to indirect taxation in India. GST Meaning Consolidating multiple state and central taxes into a single tax structure,…
There are three types of GST returns, namely – GSTR-1, GSTR-2A, and GSTR-3B. Read more on what GST returns are and how you can file for one online.
Electronic devices are the foundation of the growing digital landscape in India. Naturally, bringing them under the umbrella of GST is a step towards making taxation on them simpler. GST…
UPI Transaction Limit Per Day The UPI transaction limit per day is set at ₹1 lakh by the National Payments Corporation of India (NPCI). For UPI 123Pay, the per-transaction limit…
HSN stands for Harmonized System of Nomenclature, and is used to classify goods in a systematic manner.
Do you want to know more about the various tax rates levied on all countries’ food and beverages? Read more to find out.
Patent application is a formal document that inventors or their representatives submit to a patent office to request legal protection for their inventions or discoveries against unauthorized use, reproduction, and…
What is Letters Patent? Letters patent are formal legal documents that grant specific rights, privileges and titles to individuals or entities that are issued by a governing authority such as…
A sales invoice is a crucial piece of accounting document that helps to track the detailed record of a sale in a business. The size of the business or organisation…
What is Business Environment? The business environment refers to the combination of external and internal factors that influence a company’s operations. These factors include economic conditions, government policies, market trends,…
An automated payment system allows users or businesses to transfer money without any manual processing. It is an electronic system that helps process the transactions within no time. Automated payment…
Patents are the foundation of innovation, providing innovators exclusive rights to their inventions. Various patents are available to safeguard discoveries, such as innovative designs, ground-breaking technologies, or new plant varieties.…
What is a Rejection Letter? A rejection letter is a formal document that informs an individual or an organisation that their application, proposal or request has not been accepted. It…
What is a Statutory Bonus? Statutory bonus is the minimum bonus an organisation needs to pay to its eligible employees each year under the Payment of Bonus Act. This amount…
What is Utility Patent? A utility patent is a legal protection for new or improved inventions, processes, machines, or compositions of matter. It grants exclusive rights to the inventor, prohibiting…