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aditiahuja
Asked: November 11, 2019In: Technology

What is the best phone to buy below 15k?

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Suggest some smartphones that one could buy under the price range of fifteen thousand for a better user experience.

best smartphonephonessmartphones
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  • 334 Views
aditiahuja
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aditiahuja
Asked: October 31, 2019In: Finance

What are the GST Loopholes?

  • 0

GST was launched in year 2017. After 2 years what you think there are loopholes that should be resolved.

  1. Best Answer
    aditiahuja aditiahuja
    Added an answer on October 31, 2019 at 12:21 pm

    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 loopRead more

    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.

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  • 2 Answers
  • 758 Views
aditiahuja
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aditiahuja
Asked: October 30, 2019In: Finance

Define receivable management, payable management or working capital management important?

  • 0

Importance of receivable management, payable management or working capital management

working capitalworking capital managementworking capital meaning
  1. Best Answer
    aditiahuja aditiahuja
    Added an answer on October 30, 2019 at 12:21 pm

    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. TheRead more

    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.

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  • 1 Answer
  • 670 Views
aditiahuja
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aditiahuja
Asked: October 21, 2019In: Finance

What is merchant business and how to open merchant account for our business?

  • 2

Looking for information on merchant business. What it is and how one can open their merchant account for business?

businessmerchant account for businessmerchant business
  1. Best Answer
    aditiahuja aditiahuja
    Added an answer on October 21, 2019 at 12:41 pm

    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 flRead more

    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.

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  • 1 Answer
  • 631 Views
aditiahuja
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aditiahuja
Asked: September 12, 2019In: Business

Differentiate both Term Loan and Working Capital Loan?

  • 0

At some point, every business requires financing. There are various funding options to choose from. However, each of these works differently. Two of the most sought-after options include the term loan and working capital loan. Which of these you ...

business financebusiness term loancapital financeloanterm loanworking capital loan
  1. Best Answer
    stevesmithag
    Added an answer on December 13, 2019 at 5:38 am

    Generally term loan is payed back in regular payments with in certain period of time. A term loan usually involves an unfixed interest rate that will add additional balance to be repaid. This type of loan will not have fixed interest. Capital loans are long term loans which can be obtained from bankRead more

    Generally term loan is payed back in regular payments with in certain period of time. A term loan usually involves an unfixed interest rate that will add additional balance to be repaid. This type of loan will not have fixed interest.

    Capital loans are long term loans which can be obtained from bank or a finance company. Unlike common stock, loan capital requires some type of periodic interest payment back to investors for use of the funds.

    From my point of view you need to be very careful while making these loans and read all the agreement documents carefully before signing. https://www.agreements.org/loan-agreement-2.html/

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  • 2 Answers
  • 853 Views
aditiahuja
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aditiahuja
Asked: August 16, 2019In: Business

List down the best franchise in India?

  • 0

Here is the quick information on the above topic. You all are also welcome to share your thoughts. Kindly share your views on the topic in comment section. Till then enjoy reading below. The idea of starting a business is a ...

best franchise in Indiabusinessfinancefranchise business
  1. aleenamishal
    Added an answer on July 2, 2022 at 2:02 pm

    Generally, suppliers set a minimum order quantity, especially Alibaba, whose minimum order quantity is usually very high, which is completely unaffordable for novice sellers. If you want to find a good supplier with low MOQ, I recommend using the Auteurs Impex online wholesale website. They are a B2Read more

    Generally, suppliers set a minimum order quantity, especially Alibaba, whose minimum order quantity is usually very high, which is completely unaffordable for novice sellers.

    If you want to find a good supplier with low MOQ, I recommend using the Auteurs Impex online wholesale website. They are a B2B online wholesale market created in the United States, mainly engaged in online wholesale services, including fashion for women, men, and children, Clothing, jewelry, accessories, beauty, luggage, shoes, home gardening, weddings, and parties, etc. They have a flexible MOQ. The more you buy, the lower the price. I hope my advice can help you!

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  • 1 Answer
  • 476 Views
aditiahuja
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aditiahuja
Asked: August 6, 2019In: Business

How the GST is calculated?

  • 0

First, you must understand the types of GST that are available – CGST, SGST and IGST. Both CGST and SGST are for by the GST registered company/person who supplies goods within a particular state. IGST is applicable to all companies/persons ...

businessgsttax
  • 0 Answers
  • 409 Views
aditiahuja
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aditiahuja
Asked: July 30, 2019

How do I Start Small Scale Chemical Industry?

  • 0

how to start small businesssmall scale businessSmall Scale Chemical Industrystart up
  • 0 Answers
  • 296 Views
aditiahuja
  • 1
aditiahuja
Asked: July 30, 2019In: Finance

What is a business working capital loan?

  • 1

A capital loan is a term used for a type of business loan that finances the working capital of the company. The working capital for an organization is the capital used, in funding the regular operations of the company. It ...

businessfinanceworking capitalworking capital loan
  1. amirajesh97 Hello All
    Added an answer on January 28, 2022 at 6:37 am

    Working capital loans are used for businesses with irregular incoming cash flow and need working capital to purchase materials, pay workers, or cover overhead expenses. These types of loans are not meant to fund long-term assets or investments, as startup businesses often do not generate the profitRead more

    Working capital loans are used for businesses with irregular incoming cash flow and need working capital to purchase materials, pay workers, or cover overhead expenses. These types of loans are not meant to fund long-term assets or investments, as startup businesses often do not generate the profit needed to repay the loan.

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  • 1 Answer
  • 669 Views

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aditiahuja

aditiahuja

aditiahuja

Aditi Ahuja is a noted Financial Consultant and Adviser. As she has been worked with many financial firm for several years, she has extensive knowledge in this field. She writes on Financial affairs, issues and solutions covering a broad range of topics like loans, insurance, investment and funding. Aditi loves to write and travel in her free time.

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