ISO Registration

What is ISO 9001 & why it is important for businesses?

The International Organization for Standardization (known as ISO) is an international organization that creates standard requirements and guidelines to help organizations around the world act more consistently. The ISO organization develops, publishes, and maintains more than 22,450 standards through technical committees made up of members from around the world. These standards provide information about designing…

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government's E-Marketplace

In the midst of the COVID-19 doldrums, the government’s E-Marketplace(GEM) provides hope to MSMEs

INTRODUCTION: GeM presently has over 1.79 million registered users and has processed over 6.6 million transactions worth over Rs 1.15 trillion since its start. Efficient public procurement is a critical component of good governance, rapid growth, and country development. This contributes for about 20-22% of the country’s gross domestic product (GDP). FEATURES OF GeM: The…

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Micro, Small and Medium Enterprises (MSME)

MSME standards are being revised by the government to encompass retail and wholesale businesses.

Nitin Gadkari, the Minister of Micro, Small and Medium Enterprises (MSME) and Road Transport and Highways, announced amended MSMEs guidelines on 3 rd July,2021 , including the inclusion of retail and wholesale trades as MSMEs. The updated norms, according to Gadkari, will help 2.5 million retail and wholesale businesses. He explained that retail and wholesale…

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https://taxlegit.com/

Accounting Outsourcing

Outsourced accounting is a service that provides extensive experience in the small business accounting department, with an accounting department handling the coding of daily transactions, accounts payable and accounts receivable, payroll, financial report management and many other services. Accounting outsourcing provides a full range of accountants that enables them to offer a small team of…

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ISO certification

ISO Certification

In a global market, there have to be checks and balances; otherwise, it would be difficult to maintain consistency and quality across industries and nations. International standards help maintain a level playing field, and one such organization is ISO (International Organization for Standardization) ISO Certification. The ISO certification certifies that a management system, a manufacturing…

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How to register a Private Limited company

How to register Private Limited company in 4 easy steps

A private limited company is the most popular type of corporation in India and is registered under the regulation and compliance guidelines of the Ministry of Corporate Affairs. This type of business entity limits the owner’s liability to its shares, limits the number of shareholders to 200, and limits shareholder participation in publicly traded shares.…

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GST for E-Commerce

GST for E-commerce

E-commerce has grown tremendously in India as more and more users buy and sell items online thanks to smartphones and internet connections. Under previous tax laws, there was no clear treatment of online sales. GST has adequate rules for e-commerce portals like Amazon and its sellers. E-Commerce has been defined as the supply of goods or…

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APPLICABILITY of (XBRL)

APPLICABILITY of (XBRL)

XBRL stands for Extensive Business Reporting Language which is becoming prominent as a standardized language for the communication and reporting of financial data of the business. It was developed to communicate information about the company to the investors, analysts and regulators. The motive of XBRL corresponds to the way a report is being presented. XBRL…

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