The Unified Payments Interface (UPI) was developed by the National…
Are you an aspiring entrepreneur looking to sell on Shopify? Shopify is a powerful e-commerce platform that enables anyone to set up an online store and start selling on Shopify,…
The food business industry in India is thriving, with an estimated market size of ₹7.07 lakh crores by 2025. Whether you dream of opening a restaurant, launching a cloud kitchen, or selling homemade…
SEZs are duty-free zones that are taxed as foreign territories to encourage investment and trade. The implementation of GST and e-way bill rules requires SEZ entities to provide e-way bills…
Each year, trillions of card transactions are processed globally—and behind every one are two key players: the issuing bank and the acquiring bank. The issuer is the bank or financial…
No GST on UPI transactions over ₹2000 – Latest 2025 Update As of April 2025, UPI transactions remain free from GST for individual users. The Government of India has officially clarified…
Address Verification Service (AVS) is a security feature used by credit card networks and issuing banks to help you detect and prevent online payment fraud. It works by comparing the…
The Card Verification Code (CVC) is a security feature found on credit and debit cards. This is designed to protect against fraudulent activities during online or phone transactions. This blog…
The Goods and Services Tax (GST) has significantly impacted various sectors, including the plant and horticulture industry. As a business owner or consumer, it is crucial to understand the GST…
As an essential household appliance, refrigerators play a crucial role in keeping our food fresh and preventing spoilage. In India, the Goods and Services Tax (GST) is applied to the…
GST on Popcorn: An Overview Popcorn, a beloved snack across India, has been subject to varying GST rates based on its form, preparation, and packaging. The Goods and Services Tax…
Dropshipping has revolutionised the e-commerce landscape, allowing entrepreneurs to start an online business with minimal upfront investment. Shopify, a leading e-commerce platform, has made it easier than ever to launch…
Shopify is a comprehensive e-commerce platform that empowers businesses of all sizes to create, manage, and grow their online stores with ease. Whether you’re a small startup or a large…
Starting your own salon can be a rewarding business move if done right. Whether you’re aiming to open a small beauty parlour, expand your freelance setup, or launch a full-scale…
A side business gives you the freedom to earn extra income without leaving your full-time job. It’s a smart way to boost your monthly cash flow, reduce financial stress, and…
Maintaining accurate financial records is crucial for any business or individual. One key process that ensures the integrity and reliability of financial information is reconciliation. In this article, we will…
An annual subscription is an agreement where customers pay a yearly fee for products or services, often at a discounted rate compared to monthly plans. It falls under the access…
What Is Livestream Shopping? Livestream shopping is a format where live video meets e-commerce. In this setup, a host—often a brand representative or influencer—showcases products in real-time while viewers watch,…
QR codes have revolutionised the way we share and access information in today’s digital world. From product packaging to marketing campaigns, these two-dimensional barcodes have become ubiquitous. However, choosing the…
What is Magnetic Ink Character Recognition (MICR)? MICR stands for Magnetic Ink Character Recognition. It is a method of encoding characters using magnetic ink and special fonts to make printed…
The footwear industry in India has undergone significant changes under the Goods and Services Tax (GST) regime. From large-scale manufacturers to local artisans and online sellers, GST impacts every stakeholder…
Washing machines are an essential home appliance, and understanding how Goods and Services Tax (GST) applies to them is crucial for both consumers and businesses. Whether you’re buying a new…
In the rapidly evolving world of networking, virtual network functions (VNFs) have emerged as a game-changing technology. VNFs are transforming the way networks are designed, deployed, and managed, offering unparalleled…
In-app purchases (IAPs) have revolutionised how mobile app developers monetise their creations. This comprehensive guide explores the intricacies of in-app purchases, from their definition and types to industry examples, benefits,…
Freelance jobs are a paradise for individuals who wish to work independently with their own skill-set. But, recognizing your primary domain and expanding your network isn’t an easy task. Read more to find out.
Market segmentation is a process of dividing your customers and your visitors into segments based on the qualities that they share in common.
Intellectual property (IP) refers to creations of the mind, like inventions, brands, and artistic works. Protecting it is crucial to prevent misuse and ensure creators benefit from their work. Patents…
Bearer Cheque vs Order Cheque: Key Differences Factor Order Cheque Bearer Cheque Definition Payable to a designated individual or organisation specified on the cheque. Payable to the person who holds…
Authentication stands as an important pillar of cybersecurity in our digital world. It ensures that only the right people can access sensitive systems and data. In this article, we will…
In accounting, debit is an entry recorded on the left side of a ledger that either increases assets or expenses or decreases liabilities or equity. Debits are an essential part…
A gateway is a network device or node that serves as an entry and exit point for data between two different networks using distinct transmission protocols. Gateways play a critical…
A GST E-way bill has to be generated for individuals who want to transport goods that are worth more than INR 50,000 within the country. Read more here.
An authorized transaction is a payment verification process where your bank or credit card issuer confirms that you have the funds or credit available to complete a purchase. These quick…
NEFT (National Electronic Funds Transfer) is a simple and secure method of transferring funds electronically across banks in India. Within HDFC Bank, it is widely used for seamless transactions, catering…
Immediate Payment Service (IMPS) is one of the fastest and most secure ways to transfer money in real-time, 24/7. Whether it’s a weekday, weekend, or public holiday, ICICI Bank’s IMPS…
An affinity card is a type of credit card linked to charities, nonprofit organisations, or specific groups like universities or sports clubs. It allows you to support a cause you…
A smart card is a physical card embedded with an integrated chip that securely stores and processes data. Unlike traditional magnetic stripe cards, it uses encryption to protect sensitive information.…
The National Payments Corporation of India is a not-for-profit organization that aims to create nationwide standards for business and retail payments across India.
What is Digital Payment? Digital payments are transactions made using electronic or online methods, where both the payer and payee use digital platforms to exchange money. Simply put, they are…
Fertilizers are essential inputs for agriculture, and their cost significantly impacts farmers and agricultural businesses. In India, the Goods and Services Tax (GST) has been a game-changer for the fertilizer…
GST on packers and movers has been a topic of interest for many individuals and businesses since introducing the Goods and Services Tax (GST) in India. GST on packers and…
GST and customs duty are two integral components of India’s tax system that impact businesses engaged in international trade. Understanding how these taxes interact and calculating them accurately is crucial…
If you’re a flat owner in India, you may have noticed GST on maintenance charges levied by your housing society or the Resident Welfare Association (RWA). As a tax that…
The GST on tours and travels depends on whether you claim Input Tax Credit (ITC). If you opt out of ITC, a 5% GST rate applies. However, if you claim…
As a passenger, understanding how GST applies to your train travel is crucial. This guide breaks down the essentials of gst on railway ticket, including applicable rates, calculation methods, and…
Ever wondered how your online payments, messages, and personal data stay safe from hackers? That’s where encryption comes in. It’s like a secret code that scrambles your data, making it…
What Is Batch Processing? Batch processing is a method where computers handle high-volume, repetitive tasks in groups at scheduled intervals. It allows multiple transactions to be processed together without user…
Net revenue is the total income your business earns from sales after deducting returns, discounts, and allowances. It reflects your actual earnings and helps assess financial performance. Read on this…
What Is Card Cloning? Card cloning is a type of fraud where criminals copy your debit or credit card details to create a duplicate card for unauthorised transactions. They steal…
In today’s digital age, software is integral to the operations of almost every business. Whether it’s used for accounting, communication, or design, understanding the GST implications on software is essential.…
What is GST on Stamp Duty? When it comes to purchasing or selling a property in India, several taxes and fees come into play, including Goods and Services Tax (GST)…
The GST regime has brought about significant changes in the taxation of various services, including accommodation services like hostels and paying guest (PG) facilities. As a hostel or PG owner,…
The introduction of the Goods and Services Tax (GST) in India has significantly impacted various sectors, including the event management industry. As an event manager, it is crucial to understand…
What is GST on Movie Tickets? The Goods and Services Tax (GST) is a consumption-based tax that has been applied to a wide range of goods and services, including entertainment…
A card issuer is a financial institution, like a bank or credit union, that provides consumers with payment cards such as credit, debit, or prepaid cards. These cards enable transactions,…
In the world of digital transactions, card authorization plays a pivotal role in ensuring secure and seamless payments. Whether you’re running an e-commerce store, a brick-and-mortar business, or a service-based…
Print-on-demand (POD) is a popular business model that allows entrepreneurs, artists, and ecommerce sellers to create customised products without the need for inventory or upfront costs. It works by allowing…
A card network is a financial system that facilitates payments between banks, merchants, and customers. It ensures secure transactions by authorising, processing, and settling payments. Major card networks include Visa,…
What is Electronic Data Interchange (EDI)? Electronic Data Interchange (EDI) is the computer-to-computer exchange of business documents in a standardised electronic format between trading partners. EDI replaces traditional paper-based or…
In an increasingly digital world, cyber threats are evolving at an alarming rate. One of the most insidious and rapidly growing types of attack is credential stuffing. This automated attack…
Cash disbursement is a critical financial process that every business must understand and manage effectively. In simple terms, cash disbursement refers to the outflow of money from a company’s accounts…
Starting a pharmacy business in India can be a profitable venture, as the demand for healthcare services continues to rise. With the right planning, execution, and compliance with legal regulations,…
Are you considering venturing into the world of international trade? In today’s globalised economy, starting an import-export business can be a lucrative opportunity. Whether you’re interested in sourcing unique products…
As digital payments continue to grow in India, Google Pay (GPay) remains a preferred choice for seamless transactions. However, understanding its daily transaction limits is crucial for individuals and businesses…
The introduction of the Goods and Service Tax (GST) regime in India has brought about significant changes in the taxation structure across various sectors. One area that has been a…
Accessing your Aadhaar card is crucial for identity verification and essential services in 2025. The Unique Identification Authority of India (UIDAI) provides an easy way to download your Aadhaar card…
GST on brokerage and commission has been a topic of interest for many businesses and professionals since the introduction of the Goods and Services Tax (GST) in India. As a…
In the fast-paced world of e-commerce, businesses are constantly seeking innovative ways to attract customers and boost sales. One of the most effective strategies employed by online retailers is the…
The Aadhaar card, issued by the Unique Identification Authority of India (UIDAI), is one of the most widely used identity documents for banking, mobile connections, and other essential services. If…
Discover how Magic Checkout helps e-commerce brands reduce cart abandonment rates with seamless checkout, abandoned cart recovery, and targeted retargeting.
Latest Updates on GST for Milk Products The 53rd GST Council has recommended a 12% GST on all milk cans, irrespective of material or use. This decision follows the Council’s…
What is a Bounced Cheque? A bounced cheque, also known as a dishonoured cheque, is a cheque that is rejected by the bank due to financial or non-financial reasons. Common…
Discover 10 effective ways to reduce cart abandonment rate and boost conversions. Tackle key issues like unexpected costs, slow delivery, and checkout friction.
Need quick cash? ATMs offer convenient access to your money, anytime, anywhere. But watch out for withdrawal limits! Banks set daily and per-transaction caps. To avoid fees, stick to in-network…
What is GSTIN? GSTIN (Goods & Services Tax Identification Number) is a 15-digit unique identifier assigned to every GST-registered taxpayer, including businesses, firms, dealers, and suppliers, under the GST regime…
BOPIS, or Buy Online, Pick-up In Store, is a retail strategy that has gained significant popularity in recent years. This omnichannel approach allows customers to shop online and then collect…
Linking your credit card to UPI is a quick and hassle-free process that enhances your payment convenience. It involves three simple steps: setting up a UPI account on popular apps…
What is the Full Form of AOV? AOV stands for Average Order Value. It is a crucial e-commerce metric that calculates the average amount spent by a customer each time…
SBI’s NEFT (National Electronic Funds Transfer) service is an easy and reliable way to transfer funds across India. Whether you’re an individual, a small business owner, or an online banking…
National Electronic Funds Transfer (NEFT) is a secure and efficient way to transfer money from one bank account to another. Bank of Baroda (BoB) offers NEFT services that allow you…
What is Dynamic Pricing? Dynamic pricing is a pricing strategy where businesses set flexible prices for products or services based on current market demands. Unlike fixed pricing, dynamic prices change…
As one of India’s leading public sector banks, Canara Bank offers a reliable and efficient fund transfer service through NEFT (National Electronic Funds Transfer). With the growing adoption of digital…
NEFT, or National Electronic Funds Transfer, is a popular mode of transferring money from one bank account to another. UCO Bank, a leading public sector bank in India, offers NEFT…
Real-Time Gross Settlement (RTGS) is an advanced funds transfer system that enables real-time transfer of money from one bank to another. Unlike other fund transfer methods, RTGS ensures that transactions…
As digital payments continue to gain popularity, understanding the nuances of different fund transfer methods becomes crucial for effective financial management. Axis Bank NEFT Charges and transaction limits play a…
Understanding the charges associated with Indian Bank NEFT Charges is crucial for customers who rely on this electronic fund transfer system for their financial transactions. Whether you’re an individual or…
Unearned revenue is a crucial accounting concept that businesses must understand to maintain accurate financial records and make informed decisions. Unearned revenue, also known as deferred revenue or unearned revenues,…
In the world of digital payments, tap and pay has emerged as a game-changer. This innovative technology allows you to make contactless payments using your Android smartphone or tablet with…
In the competitive world of business, companies are constantly seeking innovative strategies to boost sales, attract customers, and foster loyalty. One such strategy that has proven effective across various industries…
Investment in gold and gold jewelry has been the go-to opportunity in India for some time. Though it has its benefits, it has its share of detriments as well.
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…
GST on TV (Television) led to a noticeable shift in the pricing of televisions. Before GST, televisions were taxed under a complex system involving VAT, excise duty, and octroi, leading…
What Is a UTR Number? A UTR number (Unique Transaction Reference) is an alphanumeric code that uniquely identifies financial transactions in India. It is generated by banks every time a…
70% of shoppers abandon carts! Explore 10 common reasons for high cart abandonment rate in e-commerce. Understand why customers leave before buying.
The Union Budget 2025-26, presented by Finance Minister Nirmala Sitharaman, focuses on accelerating economic growth and driving India’s aspirations toward becoming a ‘Viksit Bharat’ (Developed India). As part of this…
Overview of GST on Food Products Goods and Services Tax (GST) in India GST has significantly changed food product taxation. GST on food products varies by type, with slabs of…
The Goods and Services Tax (GST) has been a significant reform in India’s taxation system since its implementation on 1 July 2017. One of the sectors impacted by GST is…
What is GST on Rice? The Goods and Services Tax (GST) rate on rice, including basmati, non-basmati, and other varieties, is set at 5%. The HSN code for rice is…
GST Rates on Diamonds The typical GST rate on cut and polished diamonds is 1.5%, while rough or unpolished diamonds attract a GST rate of 0.25%. However, diamond jewellery is…
Discover the impact of cart abandonment on e-commerce. Learn how to measure it and track industry benchmarks to improve conversion rates and reduce lost sales.
Prerequisites Before Changing Your UPI PIN in PhonePe 1. Linked Mobile Number: Your phone number must be linked to both your bank account and PhonePe App. Without this, you won’t…