What is the eligibility criteria for registrations under GST?

Section 22 to Section 30 of the CGST Act, 2017 deals with the registration by the every supplier of goods and services. Please find below note on registration under GST with effect from 1st April 2019. 1. Every person exclusively engaged in supply of services and whose aggregate turnover exceeds Rs. 10 lakhs in case of the States of Manipur, Mizoram, Nagaland and Tripura and whose aggregate turnover exceeds Rs. 20 lakhs for rest of States, shall be liable to be registered under this act in the state or union…

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What is Union Budget and Important Documents of Union Budget

What do you mean by budget? A budget approximates the income and expenses over a specified time. Budgets can be made for a government, a country, a company, a family and about anything or anyone that earns and spends money. It is compiled and re-estimated periodically. The budget meaning explained is only a generic one. Since we have the introduction of the budget, there is not much of a difference between the meaning of Government budget and union budget definition Meaning of Government Budget A Government budget is an annual…

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Different Types of Home Loan in India

What is a Home Loan? A home loan is a specified amount of money that an individual is eligible to borrow from a bank or any financial institution at a stipulated rate of interest to be paid via easy monthly installments (EMIs) every month. There are different types of home loans available, but the one most appropriate for you should always be considered with respect to the interest rate, repayment structure, time frame, and other aspects involved. Let us take a look at some of the types of home loans…

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What is an Education Loan and its Benefits?

Choosing the right career option is a big challenge for many students. But so is the problem to sort out the finances. Not many have the privilege of funding their higher education on their own, and that’s where a student education loan steps in. Whether you want to pursue a MBA in the best business school in the US or a degree in law in India, an education loan is an answer to all your worries. We will explain the process of obtaining an education loan in India within this…

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How to Plan for Your Child’s Education

One of the constant worries that plagues the mind of every parent is how to plan for child education. With the rising cost of living and sky-high inflation rates, it is natural for every parent to start planning to ensure that their child (or children) has (or have) the best opportunities for education. Set out for you is a step-by-step guide for you so that you can come up with the best child education plan. The importance of education can never be underestimated and even with limited finances, it is…

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What is Business Loan & Benefits of Business Loan

You have finally decided to take a plunge and start your own business. But before you can get going, you need to sort out the finances to support your business. This is where a bank loan for business can come to your rescue. Let us take a look at how to get a business loan to help your dream take off. What is a business loan? Business loans are unsecured financial assistance provided by banks and NBFCs in India. The primary aim of these is to support the urgent needs…

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9 Ways to Plan Your Dream Destination Wedding On a Budget

We are still reeling under the effects of the exotic location where Deep-Veer tied the knot. Now you and your fiancé have also decided to have a destination wedding. You want the . But finances are a cog in the wheel of your dream. Worry not – here are the top 10 destination wedding ideas on a budget. 1.Plan as soon as you can The old proverb goes – the early bird catches the worm. If you start planning your destination wedding well in advance, you will be able to…

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What Is a Mortgage Loan? 5 Things You Need to Know

You must have come across the term ‘mortgage’ many times while going through your loan application and wondered what it means. Simply put, it is a kind security. When the financial assistance availed from a bank or NBFC is a secured one, collateral has to be provided. Below is a simple primer to help you understand what a mortgage loan is. What is a mortgage? A loan which is backed by security over property or real estate is called a mortgage backed loan. Several types of loan can be in…

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Personal Loan for Self Employed

Once you have started your own business, one of the things that you may often grapple with is selecting the right kind of financial assistance to help your business grow. As a start-up company, you may explore the route of approaching venture capitalists. But what if you are self-employed and desperately need loans to help your business go to the next level? A personal loan for self employed can come to your rescue in these moments! Sceptics can often claim that loans for self employed are not the correct thing…

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Best Tax Saving Investments Option in India

Smita is an employee at a bank. She was looking into different avenues to save tax as the financial year came to a close. She meticulously analyzed the different tax saving instruments and found out some instruments reduced her tax outgo and gave her additional income. Smita knew that investing in tax saving instruments, could help her reduce her taxable income, but what she did not consider was the taxability of the income earned from them. If you’re wondering how to save income tax, there are a whole range of…

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