What Is C2B eCommerce? C2B eCommerce (Consumer to Business) is…
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…
Deprecation of Shopify Checkout APIs Shopify has announced the deprecation of its current Checkout API, effective April 1, 2025. This change affects businesses using custom checkout, such as Magic Checkout…
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 GST on Medicines? GST on medicines is levied at 0%, 5%, 12%, or 18%, depending on the type of medicine or pharmaceutical product, including life-saving drugs, general…
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…
What is a Patent? A patent is a legal document granted by a government, giving the owner exclusive rights to use, produce, and sell their intellectual property for a limited…
What is a Letter of Recommendation? A letter of recommendation is a formal document written by a former employer highlighting the skillset, accomplishments, and general credentials of an employee. When…
A joining letter is one of the most important documents that you get when you join a new organisation. Do not confuse a joining letter with an offer letter as…
Payroll accounting is one of the most crucial elements of any organisation, be it small or large. It is a process that is incorporated to manage the employees’ compensation. It…
There are various types of GST invoices depending on the type of GST taxpayer. Read this article to know more.
Time of supply is the point of time when the goods are considered supplied. Learn the importance of time, place and value of supply under GST here.
The GST Composition Scheme is ideal for businesses with a turnover of less than Rs 1.5 crore in a financial year. Read all about the composition scheme here.
Understanding reverse charge mechanism can help businesses surmise their transactions in a more comprehensive manner.
Assuming that you are registering under GST for the first time, you must follow the following steps in this article to check your GST registration status.
Input tax credit (ITC) under GST can be claimed by a registered person only if fulfils certain conditions. Read here to know all about the input tax credit.
In recent years, the popularity of iPhones in India has skyrocketed, despite their exorbitant price tags. iPhone users exhibit strong brand loyalty, driven by the perception of iPhones as a…
Discover the top 15 e-commerce trends for 2025 that will reshape the industry and transform the future of online shopping. Stay ahead with these key insights.
Understanding the Goods and Services Tax (GST) rates applicable to hotel rooms is crucial for both travellers and hotel owners. The rate of GST on hotel rooms varies based on…
What is GST Exemption? GST exemption refers to the exclusion of certain goods and services from the levy of Goods and Services Tax (GST), meaning no GST is charged on…
The process of indirect taxation has been simplified through GST returns. Read all about GST returns and more here.
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…
Two major factors have driven the transformation of the e-commerce landscape. First, Amazon has revolutionised online shopping by offering product variety and fast delivery. Second, COVID-19 led consumers to shop…
Selling medicines online in India has become a promising venture, thanks to the surge in internet users and the growing demand for convenient healthcare solutions. This digital evolution has transformed…
Selling digital art online isn’t just about posting your work. It’s about building a brand that people connect with, promoting your art through social media and partnerships, and choosing platforms…
Entrepreneurial success depends on mastering both hard skills, like financial management, and soft skills, such as communication and adaptability. These skills are essential for navigating the challenges of entrepreneurship and…
ATM cards have become indispensable in today’s hectic lives for efficiently and swiftly managing our finances. Knowing how to use ATM cards efficiently can save you time and help you…
GST on Mobile Phones The GST on mobile phones is set at 18%, covering smartphones, feature phones, Android tablets, and iPads, effective from April 1, 2020. This uniform rate applies…
Starting a business is an exciting adventure with many opportunities and rewards. But it also comes with challenges, known as challenges faced by entrepreneurs, that can be tough to handle.…
GST impacts various sectors, including real estate, where rental services are subject to specific tax regulations. Knowing how GST applies to property rentals is essential for staying compliant and managing…
Goods and Services Tax (GST) is a comprehensive tax system that applies to both goods and services, including labour charges. Understanding how GST rates in 2024 are applied to labour…
Discover post-purchase behaviour’s impact on customer loyalty and profitability, and learn how Razorpay Buyer Protect enhances the customer experience.
The implementation of GST on May 18, 2017, significantly impacted the USD 28.38 billion Indian furniture industry. While some furniture types have seen increased costs, the Input Tax Credit (ITC)…
Transportation is key to India’s economy, linking markets and boosting trade. GST on transport services has reshaped the tax structure, affecting costs and operations. GST rates differ by service type…
Understanding GST on Life Insurance Premiums LIC life insurance premiums attract a GST rate of 4.5%, with 18% GST applied to 25% of the premium in the first year. LIC…
HR Systems, as the name suggests, streamline human resources management. These software applications are designed to help manage various human resource functions within an organisation. From onboarding an employee to…
An HR policy refers to a set of guidelines, rules, and procedures established by an organisation to govern the management of its human resources.
A letter of warning is a formal document that highlights the serious and specific concerns related to an employee regarding their performance. Addressing performance and behavioural issues to maintain a…
A Flexible Benefits Plan (FBP) is part of an employee’s salary that gives them more control of which CTC components they want to opt-in for and how much under each component.
Discover the benefits of a business credit line and learn how and when to utilise this flexible financial tool for your business growth.
Now is the perfect time to transition from a traditional career to full-time freelancing. In today’s remote and hybrid work environment, freelancers are thriving across all industries. From web designing…
Aadhaar Card Update Last Date The deadline to update your Aadhaar card details on the UIDAI portal is December 14, 2024. You can upload the latest documents on the UIDAI…
If you are an online seller and don’t have a website, how do you collect payments from your customers? Check our Razorpay’s solution to this problem.
Latest UPI Transaction Limit for Tax Payments The latest UPI transaction limit for tax payments has been increased to ₹5 lakh per transaction, up from the previous limit of ₹1…
What determines if CGST, SGST or IGST is applicable? What is Central Goods and Services Tax (CGST) and State Goods and Services Tax (SGST)? Read to know.
Learn how data analytics in marketing drives strategic growth. Discover why customer data is vital for staying competitive and boosting sales.
Gold has long been a valuable asset in India. Understanding the GST rate on 24 carat gold is crucial for buyers and sellers. This article provides a comprehensive overview of…
A salary increment letter is a powerful tool that defines your performance review in your organisation. It has all the details – your achievements and the contribution you have made…
What is a Resignation Acceptance Letter? A resignation acceptance letter is a formal document sent by an employer to acknowledge an employee’s resignation. It confirms that the employer has received…
Understanding the charges associated with Real-Time Gross Settlement (RTGS) transfers is essential when conducting high-value transactions. By knowing the fees, you can make informed decisions and ensure cost-effective and efficient…
Leave encashment is the amount of money an employee receives from an employer for their unutilised leaves. Read the blog post to know how to calculate leave encashment.
The 54th GST Council meeting was held in New Delhi on September 9, 2024, under the chairmanship of Union Finance Minister Nirmala Sitharaman. The meeting was also attended by Union…
Learn how retargeting ads work and discover effective strategies to boost your e-commerce conversions and drive more sales for your online store.
Karnataka Government Holidays List List of holidays as applicable in Karnataka, including Bangalore/Bengaluru, Mysore/Mysuru, Mangalore/Mangaluru, Hubli, Dharwad, Hubli, etc. Month Date Day Holiday January 1 Monday English New Year’s Day…
Tamil Nadu Government Holidays List List of holidays as applicable in Tamil Nadu, including Pooja holidays, Diwali holidays, Christmas and more, for Chennai, Coimbatore, Salem, Tiruchirapalli, Madurai. Month Date Day…
The PAN Aadhaar link is mandatory for all Indian citizens. The last date for PAN-Aadhaar linking was 30th June 2023. PAN cards not linked with Aadhaar will become inoperative after…
GST on Clothes, Readymade Garments and Textiles GST on Clothes priced below Rs. 1,000 are exempt from GST, while those priced at Rs. 1,000 or more attract a 5% GST…
In 2024, accessing your Aadhaar card is essential for various services and identity verification. The Unique Identification Authority of India (UIDAI) offers a convenient way to download your Aadhaar card…
In India, the Goods and Services Tax, GST on food items and GST on restaurant food varies depending on where you eat and what type of food service you’re using.…
If you haven’t linked your PAN and Aadhaar card, you risk higher income tax and your PAN becoming inoperative, which can prevent banking transactions over INR 50,000. Even though the…
NEFT (National Electronic Funds Transfer) is a reliable and convenient method for transferring funds between banks in India. To track the status of your NEFT transactions, log in to your…
What is an ATM? An automated teller machine (ATM) is an electronic banking machine that allows bank account holders or customers to complete basic transactions without the aid of a bank…
NEFT Timings in 2024 As per RBI, NEFT service is available round the clock 24×7 and 365 days on all days of the year. Hence, there are no restrictions on…
Razorpay Payment Pages allow you to accept donations in a hassle-free manner without a website or payment gateway integration.
Boost customer trust with key trust signals: reviews, clear return policies, and secure payment options to enhance your store’s credibility.
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.
The conflicting roles of a salesperson and marketer make it difficult to understand the distinguishing points between them. Read more to find out.
The fierce competition in the startup fraternity makes onboarding employees and retaining them very important. One of the rewards that most startups give out to nurture employee relationships are Employee Stock Options (ESOP). Read on to know more.