HSN stands for Harmonized System of Nomenclature, and is used to classify goods in a systematic manner.
By registering with Udyog Aadhaar by MSME department businesses can benefit prevalent opportunities, and yes, you can also register offline.
Market research is a process that consists of gathering data and information pertaining to your target audience in a systematic way. Read on to know more.
This article covers the new MSME definition, support provided to MSMEs, reduction in PF contributions and direct tax measures announced under Atma-nirbhar Bharat Abhiyaan economic package.
Younger celebrities and popular influencers- from Kylie Jenner to Deepika Padukone are a part of TikTok and indulge in a variety of endorsements in a ‘relatable’ manner. A combination of all these features makes TikTok incredibly entertaining and explains its phenomenal download rate.
On 13th May, Wednesday, Finance Minister Nirmala Sitharaman officiated the new MSME definition, which states that turnover along with investment defines MSMEs.
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.
As per the latest lockdown guidelines circular released by the Home Ministry, all shops in non-hotspot or non-containment areas are allowed to remain open. Read on to know details.
Manual payroll is passé. This is a comprehensive change management guide that will help you switch to an automated payroll software from a manual one.
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.
GST offers numerous benefits to startups like simple tax processes, online procedures and ease of doing business.
Intellectual property for freelancers is generally the work created by them during the tenure of their contract with an organisation.
The global economy has been adversely affected by the COVID-19 pandemic. This article talks about all the government schemes during COVID-19.
GST Registration is mandatory for certain businesses in India. Read this article to understand the eligibility criteria for GST registration in India.
Start freelancing before you leave your job. Build skills and start small. Gather testimonials, build credibility, determine your pricing, because it all starts here.
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.
The jewellery industry has been a traditionally strong-standing industry, with businesses staying unaffected for a good part of the last century. However, here we are now, in the midst of a global pandemic that brought with it, unprecedented circumstances.
India is home to the second-highest number of freelancers in the world. The battle is hot, time is money and companies are providing a fat cheque for specialists, but only a few make the count.
Freelancers who provide services need to register for GST if their annual turnover exceeds the threshold of 20 lakh.
Starting an online venture may seem daunting. Which is why, we’ve put together a set of points to help you start, scale and sustain your business.
Payroll process in India is not done efficiently. Learn what your payroll flaws are and fix them with Opfin, a dual tax compliant payroll software.
Contactless delivery is a novel technique that is saving thousands of lives by the hour. If you’re a business owner, you’ll have to switch up from traditional delivery methods with added hygiene and sanitation.
The COVID-19 outbreak has disrupted the world’s economy. Several measures are being taken by all countries to control the impact of the pandemic on businesses. The Indian government has announced…
Invoices form an integral part of any business transaction. The right kind of invoice is to be attached while uploading returns to get tax benefits.
Razorpay Payment Pages is designed to assist individuals and startups to accept online payments from their customers, even if they don’t have a website or an app.
Razorpay Payment Pages allow you to accept donations in a hassle-free manner without a website or payment gateway integration.
While there is no prediction on the true impact of COVID-19 yet, we can all definitely hope for the best and prepare for the post-lockdown era. All we know is that e-commerce businesses need to brace themselves and adapt quickly to the wave of change that may change ‘normal’ life as we know it. Is your business ready?
GST is a transparent and comprehensive method of taxation followed across the county. With GST, the Indian financial establishment is leveraged to a more efficient and unambiguous tax structure.
This blog explains payment terms like MDR, Interchange Fee, PSP etc. so that you know what they mean the moment you hear them!
A chatbot provides an interactive chat-based platform wherein a user can get answers and information quickly. Read on to know more.
Freelancers will contribute to 50% of the nation’s workforce volumes, and the market size is estimated to touch USD 25 billion by 2025. The ability to choose your work without being tied to an office has become the idea of freedom.
GST has replaced most other indirect taxes like service tax, VAT, central excise duty, additional customs duty, surcharges and octroi.
Understanding reverse charge mechanism can help businesses surmise their transactions in a more comprehensive manner.
For gaming companies all over the world, fighting fraud means a bigger deal- retaining customer loyalty, maintaining the sanctity of the game and providing a good gaming experience.
More than the sales factor itself, every seller is now entrusted with a ginormous responsibility of safeguarding the health of himself, his employees, his partners and of course, his customers.
To better incorporate or revolutionise the way companies are registered in India, SPICe+ form will offer ten services by three Central Government Ministries and Departments.
Patent registration enables the rightful owner to leverage exclusive rights over the innovation for 20 years. Read on to know more.
After sales is a service provided after a customer has purchased a product. Read this article to know the best practices with examples for effective process.
Last month, we successfully organized Razorpay’s first-ever e-commerce webinar and we couldn’t be happier about the results. With over 250+ attendees, it’s safe to say that it was an incredibly productive experience! So, here we are with our secret recipe for organizing a successful webinar in just under 3 weeks.
Customer retention is the process of maintaining relationships with your current customers and to delight them at each step. Read on to know more.
Many small-scale businesses leverage this availability of resources looking to tweak things in their favour. If you are selling products on Facebook marketplace, Instagram, or other portals, then you need fundamental overhauls to the extent of making pathbreaking decisions.
When we say trends in e-commerce are on a dizzying high, we mean all trends. With higher sophistication in technology comes more pathways and new avenues to perform fraud. E-Commerce businesses are now innovating more methods than ever to stay wary of fraud and deliver unparalleled customer experience.
This is a detailed guide that explains everything about the three of the major business types: sole proprietorship, private limited company and limited liability proprietorship.
The strategy is to turn strangers into believers, and having more authentic connections leaves room for more competitive engagement.
Throughout the Razorpay Thirdwatch webinar, we had many questions being posed to the speakers about the state of e-commerce fraud today and the many different ways to tackle it. We managed to answer most of them and made sure to make a note of all the answers too.
When the retailer notices a myriad of patterns in a certain geographical area or limited to several accounts, he immediately attempts to curb it by blocking multiple users he thinks are suspicious. However, what he fails to realise is that this blanket blacklisting can cost him more than he thinks.
A trademark is a brand logo that represents your business. It is a visual symbol like a word signature, name, label, numbers or a combination of a few of these elements.
While you may put a lot of effort into maintaining your brand as a whole, a few errors in shipping may risk it all. This is because shipping could be the first real-time bridge between you and your customer after they purchase your product.
The only secret ingredient to crack WhatsApp is consistency, good judgement and loads of patience. Well, Rome wasn’t built in a day.
A patent is a legal document that is granted by the government of the state or the country, depending on the national rules. It gives an inventor of a particular thing, the exclusive right to make, use and sell his or her creation for a specified period of time.
With the new e-commerce frenzy taking over traditional, offline gift-buying, business owners can expect a growing influx of eager young adults flocking to their sites for different options.
How can a startup or business build a content marketing strategy that works? Your strategy can be split into ideation, creation & distribution.
If you’re looking to market your business on Quora, this ebook is the only thing you need. Learn about how to make the most of Quora.
The Era of Rising Fintech is a quarterly report by Razorpay. In this report, we deep dive into how digital payments fared in Delhi in 2019.
73% of millennials prefer businesses to communicate with them via email. The key thing to excel at email marketing is to analyse your efforts on a regular basis.
It is common for e-commerce businesses to experience a slump. But worry not, we’ve condensed a list of effective, actionable hacks you can use to bring those numbers back up!
YouTube marketing is a modern-day tool to meet all your targets and be on top of the users’ mind always. Read on to know more.
Generation Z is exactly how complicated as you would expect them to be. We took a look at their numbers and we could infer that they are a generation with high expectations, changing tastes and shifting loyalties.
A number of businesses develop something called buyer persona to allow themselves to target the right audience as they plan a roadmap for their business.
Whether you are a freelancer, teacher, boutique owner or a professional, now accepting payments is going to be easier than ever.
Market segmentation is a process of dividing your customers and your visitors into segments based on the qualities that they share in common.
YouTube currently has 1.9 billion monthly active users. Read this blog to know the essentials to master YouTube marketing.
More than 3.5 billion users across the globe, social media has touched roughly 46 percent of the world’s population. Here’s what social media trends 2020 look like.
The impact of promo code fraud is not just on the revenue and inventory of businesses but also occurs in the form of unrequired operational costs.
Fraud in e-commerce has substantially increased globally over the last few years with the immense rise in online marketplaces. With the advent of sophisticated technology, it’s only become more difficult for businesses to keep track of the tactics used to defraud them.
Enterprise resource planning refers to a type of software that organizations use to manage day-to-day business activities like accounting, procurement, project management, risk management, customer relationship management (CRM), supply chain operations and so on.
The WordPress universe is vast, almost like an ocean and is the world’s most popular Content Management System. The misconception about WordPress is that the site is limited to blogging, but that couldn’t be farther from the truth.
From a taxation perspective, freelancers fall under small businesses. And paying taxes is considered a civic duty.
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.
A private limited company is a privately-held business entity. It is held by private stakeholders. The governing body for such a company is the Ministry of Corporate Affairs (MCA).
WooCommerce is one of the most popular e-commerce WordPress plugins used to set up an online store. The plug-in brings together an end-to-end solution with all the important features to create an e-commerce site.
A limited liability proprietorship is a mix of both a partnership and a company, put together to form a single organisation. It is a formal partnership between at least two business partners.
Well, choosing the right payments solution that supports your unique business case can be quite challenging and demanding. Here’s a list of payment service providers that we think are not constrained by geographies.
A sole proprietorship is a one-man business. It is owned and run by an individual. A sole proprietorship is not a legal entity but a description of the type of business.
Setting up shop and selling goods or services is something that people have done for as long as we can remember. As the efficacy of technology slowly started to take…
In business terms, liability is something that the company owes. Generally, it is an obligation or something that you owe somebody.
In this era, asking people to wait for a week for an amount processed in 5 seconds is not just unfair but a poignant question on the technological advancements being made in the fintech ecosystem.
There’s no particular reason why people ask what they ask, which is why Quora is fun. Often, followers are intrigued by specific questions because they have an answer that, against all the odds, is a pleasure to read.
Asset refers to any useful or valuable thing or a person. In business terminology, asset refers to any kind of monetary value owned by a business.
Businesses struggle to choose the right business structure that fits their requirements. Each business structure has its pros and cons with a different set of legal implications involved. Read this article to know more.
Unique Selling Proposition or USP is that one thing or a number of things that makes your business better than all your existing competitors.
A low conversion rate implies that the audience is not favoring your website and also represents inconsistency and difficulty in accessing the website.
Putting the right price on your product is incredibly instrumental in determining how your business works. Read this article to know more about product pricing.
If you own a departmental store anywhere in the city suburbs, the first thing on your mind would be to attract maximum customer attention towards your shop.
Many companies make the mistake of delaying the logo registration and losing their brand name to a third party. Hence one should opt for logo registration at the earliest.
Customer testimonials or reviews are not fluffed up with marketing lingos and senseless jargon because they come straight from the mouth of people just like you.
SKU is a unique code consisting of alphabets and numbers that identifies the characteristics of each product such as the manufacturer, brand, style, size and colour.
In the venture capital industry, the term unicorn refers to any startup that reaches the valuation of $1 billion. Recently one of the most used editing tools, Grammarly became a unicorn.
Under this new reign of digital payments, UPI interoperability is supposed to bellwether the payment industry, impact stakeholders and reduce complexities.
VC funding is the ultimate financing structure for the startups that need cash to run their engine and will spend more time in the red to build a profitable business.
Inventory management includes aspects such as controlling and overseeing purchases, both from the suppliers and from the customers.
Banks and fintech joining hands can create wonders in the payments landscape. However, there are some critical challenges we cannot ignore.
Pre-money valuation refers to the value of the company excluding the latest round of funding while post-money valuation includes external funding.
To promote startups & allow youngsters to engage in this process even more, the government has come up with quite a few significant benefits.
Offering a number of ways to make online payments provides a lot of benefits to both the customers and businesses alike. Read here to know more.
Venture Capital funding is the ultimate financing structure for the startups that need cash to run their engines. Learn how you can pitch to a VC.
A minimum viable product means a product which usually has one basic set of features. It is released to a handful of people to test a new business idea.
Funding is the money raised by a startup or provided by an individual, organisation or government bodies to a startup for a particular purpose.
You must ensure your company has been registered in the correct manner, with all the requirements for your business to be up and running before you launch.
To engage on a personal level, tell a story that everyone can relate to, without sacrificing the real pain-point that your product is trying to solve.
A bootstrapped startup is responsible for its own survival. Bootstrapping means starting and growing a startup from scratch without anyone’s financial help.