Starting off with what is GST (Goods and Service Tax), it is a destination-based tax based on the consumption of services and goods. Replacing the multiple State and Central Government taxes, the GST came into effect on July 1, 2017. The GST Council which contains a finance minister of central and all states governs the rules, rates, GST certificate, and regulations with GST Registration. It tax varies from 0% to 28% depending upon the nature of good and services that …
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MSME enterprises are the backbone of any economy and are an engine of economic growth, promoting equitable development for all. Therefore, to support and promote MSMEs, the Government of India through various subsidies, schemes and incentives promote MSMEs through the MSMED Act. To avail the benefits under the MSMED Act from Central or State Government and the Banking Sector, MSME Registration is required. This blog will help you entrepreneurs in understanding the Benefits under MSME Registration that Startups should not …
