For small businesses, especially Micro, Small, and Medium Enterprises (MSMEs), Goods and Services Tax (GST) compliance can be particularly daunting. Here are some of the top challenges they face along with potential solutions:
Understanding and...
In the diversified landscape of India's economy, Micro, Small, and Medium Enterprises (MSMEs) play a crucial role, contributing a substantial 29% to the GDP. Despite their significance, these enterprises often face challenges in maintaining...
New ideation-stage startups are exciting, but often they overlook the critical aspect of market research. Market research is the systematic gathering and analysis of data about buyers and the market, providing inferences about the...
The tax system that existed before the implementation of the new regimeis the old tax regime. To design an efficient salary structure and payminimal tax, employees has an option to choose between the old...
Limited Liability Partnerships (LLPs) are now required to adhere to new compliance measures involving Significant Beneficial Owners (SBOs). A “reporting LLP” refers to a limited liability partnership required to comply with the requirements of...
Introduction:
In recent years, India has witnessed a remarkable surge in the startup ecosystem, with Software as a Service (SaaS) companies emerging as frontrunners in driving innovation and growth.
The SaaS sector in India has...
Alternate Minimum Tax (AMT)
To encourage investment, the Indian government offers tax benefits to reduce individual tax burdens. However, consistent tax revenue is essential for funding development and public services. To ensure minimum tax collection...
In India, both startup and MSMEs are eligible for certain tax benefits and exemptions to promote entrepreneurship and economic groups.
Startups (incorporated as a private limited company or registered as a partnership firm or a...