A card issuer is a financial institution, like a bank…
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…
What is UPI PIN? A UPI PIN (Unified Payments Interface Personal Identification Number) is a secure 4 or 6-digit code that you create to authorise transactions made through UPI-enabled apps.…
Google Pay, also known as GPay, is a widely used digital payment platform in India that enables users to send and receive money, pay bills, recharge mobile phones, and perform…
UPI has made digital payments in India fast, easy, and convenient. However, sometimes your UPI ID may get blocked due to various reasons, causing frustration and inconvenience. If you’re wondering…
In the rapidly evolving world of commerce, businesses and consumers are navigating the complex retail and e-commerce landscape. As technology continues to shape the way we shop, it’s crucial to…
Current Bike GST Rates Category GST Rate (2025) Two-Wheeler Insurance 18% Bikes with Engine Above 350cc 31% Bikes with Engine Below 350cc 28% Bike Parts (Brake Pads, Clutch Cables, etc.)…
What is a UPI number? A UPI number is a unique ID linked to your bank account, used for making payments through UPI. It is a 10-digit number that acts…
What Is a Bank Account Number? A bank account number is a unique identifier assigned to a specific bank account. It is essential for facilitating financial transactions, enabling you to…
Are UPI Payments Subject to GST? As of January 2025, individual users conducting UPI transactions are not directly subjected to GST. In its 54th meeting held on 9th September 2024,…
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…
Goods and Services Tax (GST) has transformed India’s tax system since 2017, impacting various industries, including brick manufacturing. This article covers GST rates on bricks with their HSN codes, recent…
This article will delve into the intricacies of ICICI Bank NEFT Charges in 2025, providing you with a detailed breakdown of the fees, transaction limits, and benefits of using NEFT…
The National Electronic Funds Transfer (NEFT) is a popular online payment system that enables seamless transfer of funds between bank accounts. Bank of India (BOI), a leading public sector bank,…
The National Electronic Funds Transfer (NEFT) system, operated by the Reserve Bank of India (RBI), enables secure and reliable interbank fund transfers across India. Punjab National Bank (PNB), one of…
Understanding SBI IMPS charges is vital for making fast, secure, and convenient fund transfers through the IMPS (Immediate Payment Service). Knowing these charges helps you plan transactions better and avoid…
What Is an Equated Monthly Installment (EMI)? Equated Monthly Installment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date each month to…
The Union Budget 2025 is one of the most anticipated financial events of the year, shaping the economic roadmap for the country. From taxation reforms to industry-specific policies, it impacts…
Transform your order conversion rate with Magic Checkout. Simplify checkouts, reduce friction, and build trust to boost sales and customer loyalty.
The e-way bill portal streamlines the process of creating e-way bills. It ensures the smooth movement of goods across state borders. The portal offers various features, including generating single and…
The E-way bill is a crucial document introduced under the Goods and Services Tax (GST) regime, which tracks the movement of goods and ensures tax compliance. It serves as an…
Explore order conversion rate benchmarks by industry, channel, and device. Learn how to assess your e-commerce performance and boost conversions effectively.
TDS (Tax Deducted at Source) is a mechanism under Goods and Services Tax (GST) in which the payer deducts a specified percentage of tax from the payment made to the…
The introduction of the Goods and Services Tax (GST) in India marked a notable transformation in the country’s tax landscape, which aims to rectify prevalent flaws in the previous tax…
Input Tax Credit (ITC) is a mechanism in GST that allows businesses to reduce their tax liability by claiming credit for the taxes paid on purchases. For job work that…
What Is a GST Clearance Certificate? The GST Clearance Certificate is a necessary document provided by Indian tax authorities that certifies a taxpayer’s compliance with the regulatory framework. It acts…
Accurate GST calculation is vital for businesses to ensure compliance with tax regulations and avoid penalties. For large enterprises handling numerous invoices, Excel sheets offer a practical solution to manage…
Navigating the complexities of Goods and Services Tax (GST) compliance, especially with E-Way Bills (EWBs), can be daunting for businesses. Effective management of these digital documents is crucial for seamless…
[Source] You may ask, ‘What is a GST e-way bill?’ An electronic way bill (e-way bill) is an electronically generated document required to move goods valued above ₹50,000. GST-registered individuals…
Input Tax Credit (ITC) is the cornerstone of the Goods and Services Tax (GST) framework. It allows businesses to reduce their tax liability by claiming credit for the GST paid…
Goods and Services Tax (GST) was introduced in India with the goal of simplifying the indirect tax structure by integrating multiple taxes into a single tax. However, GST implementation presented…
Understanding what is Input Tax Credit (ITC) is crucial for businesses navigating the Goods and Services Tax (GST) framework. ITC allows taxpayers to claim credit for the GST paid on…
The Goods and Services Tax, or GST, is a comprehensive tax levied on goods and services in India. It has three components: the Central Goods and Services Tax (CGST), the…
As a business owner or entrepreneur in India, understanding who qualifies as a taxable person under the Goods and Services Tax (GST) regime is crucial. A taxable person is any…
Businesses in India can voluntarily register for the Goods and Services Tax (GST) structure, even if they are not legally obligated to do so. When a business chooses optional GST…
GST registration is a legal cornerstone for businesses in India. This document helps businesses be recognised as legitimate suppliers on various e-commerce platforms, enhancing their credibility. GST registration also allows…
The GST registration limits have been significantly changed to simplify compliance for Micro, Small, and Medium-sized Enterprises (MSMEs). The Goods and Services Tax Council proposed these changes during its 32nd…
One crucial aspect of online selling is obtaining a Goods and Services Tax (GST) registration, which is mandatory for most businesses. If your yearly revenue in India exceeds ₹40 lakhs,…
Businesses in India must register for GST (Goods and Services Tax) if their annual turnover exceeds the threshold limit of ₹40 lakh (or ₹20 lakh for special category states). Certain…
What is GST? India introduced the Goods and Services Tax (GST) in 2017 as a unified indirect tax system to replace several state-level taxes by combining multiple taxes into one.…
Aadhaar Card Update Last Date The deadline to update your Aadhaar card details on the UIDAI portal is June 14, 2025. This extension gives residents additional time to update their…
Do you want to know more about the various tax rates levied on all countries’ food and beverages? Read more to find out.
UPI reference number is a critical element in digital payment methods, particularly in the context of Unified Payments Interface (UPI) transactions. This unique alphanumeric code plays a pivotal role in…
The 55th GST Council Meeting, held on December 21, 2024, in Jaisalmer, Rajasthan, resulted in a series of key decisions aimed at refining India’s Goods and Services Tax (GST) framework.…
Writing an effective blog that captures the attention and imagination of a reader is an art. Ace the process of writing the perfect blog and more through this article.
Transaction settlement refers to the process by which funds from a cardholder’s bank are transferred to a merchant’s bank account after a card-based transaction. For debit cards, funds are withdrawn…
Cheques have been a widely used payment method for decades, allowing individuals and businesses to transfer funds securely without the need to carry large amounts of cash. This comprehensive guide…
In the recent 55th GST Council meeting held on Saturday, December 21, 2024, Finance Minister Nirmala Sitharaman proposed a significant change—a uniform 18% GST rate on the sale of old…
What Is a QR Code? A QR code (Quick Response Code) is a two-dimensional barcode that stores data. Unlike traditional linear barcodes, a QR code can hold much more information…
The handbag market in India is booming, valued at approximately US$4.50bn, and expected to grow at a compound annual growth rate (CAGR) of 5.10% from 2024 to 2029, offering a…
Selling furniture online has gained popularity as digital shopping becomes the norm. People now prefer browsing and buying furniture from the comfort of their homes, leading to a surge in…
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…
In today’s fast-paced business landscape, streamlining financial processes is crucial for success. Auto debit is a powerful tool that has gained popularity among businesses and consumers alike. By setting up…
Discover the truth behind common myths about order conversion rate and how to optimize it for higher e-commerce performance.
What is Cross-Border e-commerce? Cross-border e-commerce is the practice of selling products and services to international customers through online channels. This differs from traditional cross-border commerce, which includes both online…
In the digital world, the terms “e-commerce” and “e-business” are often used interchangeably. However, while they are related concepts, there are key differences between e-commerce and e-business that are important…
A lean business model focuses on reducing waste while maximising value. It helps you achieve more with fewer resources by identifying unnecessary processes and cutting them out. The idea is…
In the world of digital photography, selling photos online has become an increasingly popular way for photographers to monetise their work. Whether you’re a professional photographer or an amateur with…
If you’re a book lover looking to declutter your shelves or an entrepreneur seeking a new income stream, selling books online is a great option. With the rise of e-commerce,…
What Is An E-commerce Business Model? An e-commerce business model outlines how a company makes money online. It includes a value proposition that shows what makes the business unique. The…