Bookkeeping

How SMEs can take advantage of input Tax credit which they couldn’t take earlier? Let’s start with an example on how to take an Input Tax Credit. Suppose RAVI paid Rs 100,000 to purchase an item and he paid Rs 10,000 as a tax (Purchase tax 10%). Now he has to include the same in his […]

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5 Important Smart plans for SME Business Owner’s Success.   SME Business Plan – Worldwide, SMEs are the basic businesses that help and contribute towards GDP and Employment. This could range from 40% to 80%. At India, SME contributes around 40% of GDP, which is great one. Ironically, many SMEs start and close soon before […]

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What is Value Added Tax or VAT?   Value Added Tax (VAT) is a Sales Tax collected by the Government of the state where the goods or services is bought by the consumer. It is a tax on the final consumption of goods or services which is borne by the end user or the consumer. […]

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Importance of Book Keeping in Small Business. Book keeping is an important activity of keeping financial and business records, involving and retrieving of financial transactions. It is an essential part of accounting in all the businesses operations, whether is small medium or large business enterprises. It is such an important activity which decides your business strength and without proper […]

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