deAsra Knowledge Desk

Concerns Faced By Small Businesses

May 7th , 2019

Businesses are started with great enthusiasm, sometimes accompanied by great fanfare too. The business idea is the brainchild, and the baby of the entrepreneur, and therefore he will obviously be very attached and caring towards it. However, many a time, things do take place the way they were planned and the person gets into problems. This is especially true for Read More…

Six Essentials Of A Business Plan

April 16th , 2019

A business may start with some idea occurred to and developed by a person. He will go ahead all alone or will get somebody like a relative or a friend for starting the business along with him. However, before starting the business, he needs to consider various aspects of the business. Following are 6 such important aspects which are essential Read More…

March 6th , 2019

The Finance Minister announced the transformative initiative in MSME credit space up to Rs 1 Crore within 59 minutes. SIDBI in consortium with PSB banks  has come out with a web portal called here the existing units as well as new units can go to the web portal and apply for credit facilities for Rs 1 lac to Rs Read More…

DigiLocker – Know More About GoI Initiative

February 13th , 2019

DigiLocker allows you to store important documents digitally and share these documents with the required agency or individuals when needed. What are the important documents for a budding entrepreneur that can be stored in DigiLocker? The documents can be divided into three sections as follows – Identity documents like Aadhaar card, PAN card or driving license Academic documents like graduation Read More…

RBI Constitutes Expert Committee on Micro, Small & Medium Enterprises (MSMEs)

February 11th , 2019

In the recent past, MSMEs or Micro, Small & Medium Enterprises have encountered several hurdles at and post the advent of GST implementation and demonetization. The MSME is one of the important segments of the economy contributing to production, employment generation and exports. The production of the MSMEs forms a significant portion of the GDP composition. That being the reason, Read More…

GST Exemption 2019

January 21st , 2019

The government has classified certain goods and services as exempt from GST. Unlike with zero-rated goods and services, business owners cannot claim input tax credit for the sale of exempted goods and services. Exemption from tax refers to the supplies which attracts the “Nil rate of Tax” or which may be wholly exempt from tax and also includes non – taxable supply.     GST Exemption Limit: Read More…

RBI’s Guidelines Of 1st January 2019 On MSMEs Restructuring

January 11th , 2019

deAsra Knowledge Desk’s opinion on RBI’s circular on Restructuring of Advances for Micro, Small and Medium Enterprises (MSME) sector. RBI/2018-19/100 DBR.No.BP.BC.18/21.04.048/2018-19     For the last six months, there was news in the public domain regarding differences between Reserve Bank of India (RBI) and Government of India. One of the issues was regarding difficulties faced by MSMEs. It is perceived that MSMEs are undergoing Read More…