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Yes, definitely you can go for an LG smart TV for video streaming. Either it’s LG or any other brand if it is smart TV it will support the same feature, however yes quality will be affected.
If it comes to LG, it is one of the leading consumer electronics companies in India that manufactures quality televisions at affordable prices. The company also produces Smart TV that also lets you stream videos via Netflix and more. If you want to know how to set up or install Netflix on your LG TV, then here is a quick insight.
While connecting your LG TV to the Netflix account, you will see three options on the Home screen, and you need to do that from your Home screen:
>> Netcast option
>> Premium option
>> Internet TV option
1- After selecting any of the options on the Home screen, select Netflix.
2- Click on sign in and if you can’t find it, then look for an option that says ‘are you a member of Netflix’ – click on it.
3- If you are not yet a member, then you will need to become a member first.
4- Enter your credentials (email id and password) and click on sign in. Once done, you will get a code; you will need to enter at Netflix activation page.
Follow the discussed steps, and you will be able to set up Netflix on your LG TV easily.
Goods and Services Tax was introduced in India on 1st July 2017. It merged different taxes including import duties and VAT into one single slab for transparent and efficient management of the taxation structure. However, despite various benefits, there are some disadvantages of GST that creates loopholes.
1- Multiple GST rate opens a window of misuse. Currently, the different slabs are 0%, 5%, 12%, 18%, 28% and 28% plus. Vendors can manipulate input credit to minimise the levied tax.
2- Registered brand names attract higher GST. One can evade that by creating not registered but equally popular products.
3- Separating products that would otherwise come as one decreases the amount of tax payable. For example, dividing a Rs. 110 product into two items of Rs. 100 and Rs. 10 can increase profit almost Rs. 10.
4- One of the significant GST benefits is its automated process. However, if a brand opts not to trademark their business to claim tax exemptions, they can avoid automated tax calculations.
There are many advantages and disadvantages of GST for MSMEs in Indian Budget 2019. For any individual, it is vital to understand this new taxation setup and function accordingly.
Working capital, as the name itself implies, helps a business to run successfully in the low periods of the business. The importance of working capital management is that the ensuing cash flow will help the business to run smoothly and perform all the tasks properly even when the sales are slow. There are times when no matter what, expenses like paying the rent of the premises or making the payments on the electricity bill or paying the salary of the employees have to be done even though your payment from the client is taking some time to get in.
This is where the working capital comes in as it helps tide over these important low periods. Then, when the sales are up again, and the business makes it usual profit, the loan can be paid off. There is no trouble in maintaining the inventory and there is also no financial worry. Many banks and NBFCs have very low working capital loan rates which will help an SME or MSME to tide over the occasional shortage of funds which is quite common in the initial days of business.
A merchant business is set up by a retailer who purchases goods in bulk, i.e. wholesale purchases, from all sources and resell them after keeping a considerable profit.
A merchant requires considerable working capital to invest in assets and to pay various suppliers in advance. To boost that cash flow or to clear pending dues, a retailer can avail merchant funding. This financing helps in increasing the working capital without the need for any collateral.
Merchant businesses utilise their merchant’s account and retrieves generated revenue from customers through credit cards and debit cards.
Following are the steps that should be followed to open a merchant account for a particular business.
1- Choose a particular financial institution for collaboration.
2- Decide the payment model, whether it will be recurring billing or a one-time payment.
3- Evaluate the turnover as the bank establishes its rate base on the existing assets of the business.
4- Create your original website.
5- Provide all authentic documents.
6- Submit the application form after filling up all the necessary details.
To open a merchant account for a business, you will be required to submit certain documents regarding available assets and turnover. There are several financial institutions that offer business loans to retailers and merchant businesses at affordable interest rates to help maintain the necessary working capital and stock inventory.