INDIA BUSINESS

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7 Mistakes For Startups And MSMEs To Avoid Under The GST Regime

In this post, we will discuss the impact of GST on small businesses and startups with a turnover of up to ₹50 lakh. Now, the GST has a concept of “composition scheme”, where one has to pay tax @1 or 2% on the total turnover with fewer compliances. However, this system is full of technical traps, and believe me, even a small mistake can cost you lakhs of rupees in penalties.
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Magic Makes The Math Work: Your Product Is Your Business Model

We recently came across a question that asked if an entrepreneur should focus on their product or business model. At first glance, it seemed to be a very "chicken or egg” kind of question. However, after thinking about this for a while it became apparent that the product and business model are not distinct aspects of a company, but share a Yin and Yang relationship.
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Acche Din (And Raat) Have Dawned For The Retail Industry

In a major announcement that promises to revolutionize India's retail industry and improve "ease of doing business", the Modi government has cleared the Model Shops and Establishments (Regulation of Employment and Conditions of Services) Act 2015. This will allow all public amusement establishments with at least 10 employees -- such as restaurants, local markets, shopping malls and movie theatres -- to operate 24x7.