Category: Business motivation

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Business motivation

Franchise Business: The New Favourite Business Trend Of Independent Entrepreneurs

Business Expansion Ideas

Ever thought to yourself what exactly does franchise mean? A franchise is nothing but an extension of an already established business. It is a process where owners of an MNC or an extremely successful business sell the right to use their business logo, name, model to an individual or group of individuals. This is done to further the presence of a brand as much as possible.

What All Should be Taken Care Of?

  • It takes a franchisee to firstly pay a respective amount to the franchisor to buy the right to operate the same business, with the same logo, same name, and same business model.
  • Franchisors also may prude the particular territory to the franchisee to operate the business.
  • Franchisees then need to settle on a time period with the franchisors within which they can operate the business, which normally varies somewhere from 5-10 years. 
  • It is also important to decide on the royalty payment that is usually paid on an annual basis. A royalty payment is defined as the payment made by one party to the other for owning a particular asset

Why Should You Choose Franchise Business?

A franchise is amazing when it comes to offering independence of business ownership supported by the benefits of an already established and thriving enterprise. To successfully run a franchisee you don’t need some fancy degree or experience in the business territory. 

You will be given proper training and guidance by the franchisors to operate the model. If you are hesitant to start your own business, running a franchise would be perfect because the success rate is way higher. Last but not least, because you will have a well-established name attached to you, generating funds would be much easier.

But There Are A Few Catches. . .

Be very aware of the fact that you will be formally into an agreement with the franchisor. We are counting this as a catch as franchisees will have little to no room to showcase their creativity at any point in time.

You will have to endure interference in regards to the place you want to operate at, the products you want to sell, and the supplier you want to work with.

Just like one bad apple spoils the entire lot, other franchisees might also have to take a hit when one of the franchisees perform badly.

No matter what the situation is, you will be sharing your profits with your franchisor.

Low-Cost Franchise Business Opportunities

If you have your heart set on buying a franchise, you sure should go forward with it. One fact that is going to help your ambitions is that there are many websites in India itself that could help you with starting a franchise business. You will be offered categories and price ranges to choose from to invest your money in. Some of the websites would also provide the options to choose from the brands available for starting the franchise business. Following are a list of few websites:

  • Franchiseindia.com
  • Startingfranchise.in
  • Fai.co.in
  • Smallb.sidbi.in
  • Franchisemart.in
  • Franchiseasia.com

All in all, franchise business sounds like an amazing option. However, don’t let the perks overshadow the fact that it takes equal amounts of hard work, sincerely, and dedication to making this business viable and successful. If you promise to put your best foot forward, the journey will be worth your while.

 

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Business motivation

MUDRA Loan: Eligibility Criteria And Documents Required

MUDRA loan was introduced by the government of India under the Pradhan Mantri Mudra Yojana (PMMY) to help smaller enterprises, non-corporate and non-forming, meet their financial needs both to cover up the capital as well as the operational costs to set and run a business. In this article, we will stress on the eligibility to apply for a MUDRA loan.

These loans have surely been designed to help the small and micro enterprises, however, there still are some eligibility criteria that a business or an individual needs to fulfill to qualify for getting a loan under this scheme.

Mentioned below are the entities that can apply for this loan.

  • Those with a minimum age of 18 years and a maximum of 65 can consider applying for this loan.
  • These loans can be provided to the non-farming non-corporate income-generating businesses in trading, manufacturing, and services.
  • The requirement of credit must be ₹ 10 Lakh or lower.
  • Businesses must be engaged in agriculture services from 1st April 2016.

What Are The Financial Bodies That Are Allowed To Give Out Mudra Loans?

  • Each and every bank, be it a public bank, a privately owned bank, or a regional rural bank, is eligible to provide these loans to small businesses, however, for banks to give out these loans, there are some criteria to fulfill.
  • For a bank to be providing MUDRA loans, it should  have to profitable for 2 consecutive years
  • The net performing assets for the public sector banks, private sector banks, and regional banks should not be more than 15%,10%, and 6%.
  • The net worth of the bank in question should be Rs 250 cr for the private and public sector, while regionals banks need to have a net worth of Rs. 50 cr

Who All Can Avail MUDRA Loan?

You might be wondering what are the kind of businesses that can actually move forward and benefit from these loans. Worry not, we have summed it up for you.

  • Individuals that identify themselves as Shopkeepers and vendors, can apply for a loan ranging up to ₹ 10 Lakh for different business activities such as covering the operational costs.
  • This loan scheme is super useful and beneficial for small businesses that are trying to make a mark for themselves in the textile industry. For example that deal in khadi work, knitting, weaving, etc.
  • Mudra funding can also provide benefits to the businesses that are into food services such as storage of food, tiffin services, and food stalls.
  • Loan under this scheme can be availed by the businesses that are into agricultural activities such as dairy farming, poultry, fishing, etc.
  • Businesses that are into social entrepreneurship and those serving other communities to provide services such as beauty parlors and salons, gymnasiums, dry cleaning shops, medical shops, tailoring shops, etc.
Documents for Vehicle Loan
  • application form of Mudra Yojana
  • Vehicle loan application form
  • 2 passport size photos
  • Identity proof such as Aadhaar Card, Passport
  • Address proof such as Aadhaar Card, telephone or electricity bill
  • Income proof
  • Bank statement for last 6 months
Documents for Business Installment Loan
  • application form of Mudra Yojana
  • Loan application form
  • 2 passport size photos
  • Identity & age proof such as Aadhaar Card, Passport
  • Address proof such as Aadhaar Card, telephone or electricity bill
  • Proof of ownership of the enterprise/residence
  • Proof of qualification, establishment, and business continuity
  • Trade references
  • 2 years ITR & CA certified financials
  • Bank statement for last 6 months
Documents for Business Loan
  • application form of Mudra Yojana
  • Loan application form
  • Identity & age proof such as Aadhaar Card, Passport
  • Address proof such as Aadhaar Card, telephone or electricity bill
  • Proof of ownership of the enterprise or residence
  • Proof of qualification, establishment, and business continuity
  • Proof of business continuity
  • last 12 months Bank statement 
  • Last two ITRs

We hope with this detailed account and prerequisites of MUDRA loan, it would be helpful for you to uncomplicate the entire process because post the documentation and application are the funds you have been trying so hard to get to establish your dream business. Give it a good thought and go for it.

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Business motivation

Franchising Guide: Popular Industries To Consider While Trying To Invest In A Franchise Business

The franchise business has rightfully earned its popularity because of the perks that it offers such as the name and recognition that comes from an already established brand, the training and support, guidance all along, and a chance to work with the seasoned professionals. What more could you ask for?

However, according to a very popular opinion, franchise business is almost restricted to the food industry only which is a complete fact that we are about to bust in this article. The chairman of Franchise India takes pride in presenting the fact that The franchise industry in India is today estimated to be at USD 47-48 billion. With the help of this article, we are bringing up a few industries which, if explored well, can become a lucrative business and help this number go even higher.

Spa and Salon Industry

In today’s day and age, everybody wants to look and feel great and this is where the spa centers and salons come into play. This industry is experiencing a surge as people, be it any gender or age, are not shying away from spending a good amount of money in exchange for getting taken care of their rejuvenation and beauty in the best way possible.

However, opening a successful spa and salon isn’t that easy and it may take you years to turn into a profitable affair. This is where salon and spa franchises help you. Let’s take the example of TONI&GUY. This is an international name in the hairstyling industry and many people in our country wanted to enjoy their service. Only with the help of the franchise did we all get access to their services and nobody is complaining. In the same way, you too can look for an opportunity that is best suited to your needs.

Education Industry

Believe it or not, this industry generated a business of 91.7 billion and is expected to do a business of around 101.1 billion in the coming years! These numbers are huge and you can become active participants by contributing to the growth of this sector. There are a plethora of opportunities available to explore. If this holds your interest, you start researching opportunities in different kinds of training centers, schools, grooming centers, pre-schools, aviation centers, etc.

Apparel Industry

Now that we have access to global media and fashion trends around the brand, we are more interested than ever to try different kinds of styles and supreme quality clothes. Apart from the food industry, this is one industry that has become a raging success in India when it comes to the franchise business. Apparel retail has been working really well and is supposed to do a great business of $1576 billion by the year 2026. Consider this your chance to make the most of it by encashing this wonderful franchise opportunity. 

Final Thought

If you are one of those who want to be an entrepreneur but do not want to create and build a business idea from scratch, franchise business is the best for you. A well-thought-out Investment in a franchise is a great way to enjoy the benefits of entrepreneurship while enjoying the expertise and name of the established brands.

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Business motivation

MSME Credit Health Index: New Indicator Launched to Help Govt, Policymakers, Lenders & Others to Measure the Health of MSME Sector, Check Details

Ministry of MSME
Ministry of MSME (Photo Credit: PIB)

Mumbai, November 2: In order to boost the MSME sector in the country, TransUnion CIBIL in partnership with the Ministry of Statistics & Programme Implementation (MoSPI) has launched the MSME Credit Health Index.

This becomes very important as the MSME Credit Health Index will provide government, policymakers, lenders and MSME market participants, a unique and reliable numeric indicator to measure the health of the sector.

Here are details about the MSME Credit Health Index:

The MSME Credit Health Index is built using credit data submitted by lending institutions to TransUnion CIBIL. The index measures the credit health of India’s MSME industry on two parameters: Growth and Strength.

Growth will be measured by plotting increase in exposure value (outstanding balances) over time and strength is measured by a decrease/ increase in credit risk in terms of non-performing assets (NPA).

The first version of the MSME Credit Health Index is based on data from March 2018 to June 2020. Rajesh Kumar, MD and CEO, TransUnion CIBIL, in a statement mentioned.

According to reports, the MSME sector has seen an increased level of NPAs in the last two years due to a slower rate of economic growth. The cash flows of MSMEs have been impacted over a period of time thereby limiting their ability to service debts. This has resulted in the Strength Index reflecting a decreasing trend.

 

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Business motivation

How To Build A Kirana Store Business From Scratch

Kirana Stores are undoubtedly the lifeline and the favorite of every middle-class Indian household. No matter how much we progress as a nation and no matter how much we learn about digitization, we would always find ourselves ending up at that Kirana store just around the corner for every other thing.

What Is A Kirana Store, After All?

A Kirana store is a general department store that stocks and sells all kinds of household items, especially the ones that belong in the kitchen like groceries. Depending on the funds you have available or raised, you can decide the grandeur of your store or shop. Mentioned below are the key steps that you need to take in order to build a Kirana store of your own. 

What All Do You Need To Take Care Of To Build A Kirana Store?

Every Business Starts With A Solid Plan first and foremost, you need to conduct thorough research based on which you will prepare a great and realistic business plan. You really need to identify what is the kind of customer base you would want to target. You need to then figure out what their prices are, likes, and dislikes. By observing what is the financial status of your target customer, you can plan the pricing of the commodities/products you are planning to sell. All in all, you need to 

  • Know your customer preferences 
  • Recognize their buying potential 
  • Be aware of their financial status 
  • Check for the competitors and their winning strategy 

Choose your Location Wisely 

Be Wary of the location you chose because the well-being and growth of your business depend a lot on this factor. Either choose a location where you can capture a bigger market but keep in mind that the better the market, the tougher the competition. If you chose to serve a bigger market, make sure you have something unique to your business that could attract customers. On the other hand, you can open this store at the outskirts for the customers who drive far off to the city just to make day to day purchases.

Arrange The Funds And Prepare The Stocklist

The two most critical factors in building a successful Kirana store. Once you are done choosing the location, please set your focus on arranging funds to take care of building your store or renting it, and all other expenses that tag along such as salary of the staff, utility bills, etc. Along with this, you also need to look after the inventory management. Focus on the products that are sold immediately and the demand never goes down. Do not stock too much, neither too lease. Just try and strike that balance to earn yourself a decent profit and keep the business running.

Work On Customer Retention

Always try and maintain a good rapport with your customer especially those who are quite regular at your store. Be a keen observation of what all the customers are demanding that your inventory still lacks. Ask for their feedback and always ensure supreme quality products. Work on the look, feel, personality, offers, AND digitization of your store because it is always important to keep up with the change and the need.

A Kirana store is a business made for people and made by people. It is no rocket science to set up a Kirana store but surely requires you to treat your customers as your top priority while retaining them for years to come. If this has ignited the fire in you to start your Kirana business, our goal is achieved.

 

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Business motivation

MUDRA Loan Explained: All About Pradhan Mantri Mudra Yojana Loan For MSMEs

MUDRA is a praiseworthy effort of the government to provide financial aid to the non-corporate and non-farming Micro and small enterprises across India. MUDRA stands for Micro Units Development & Refinance Agency, which is aimed to provide loans of up to Rs 10 lakh to the enterprises who are eligible with the help of the eligible enterprises through the Commercial Banks, RRBS, Cooperative Banks, NBFC, etc.

What Is The Structure Of Mudra Loan?

There is a very interesting observation that everybody will make once they go through the structure of this scheme. The names of these products are based on the various stages of the development of human life.  Human beings go through various stages of their lives such as childhood, adulthood, and old age. Similarly, an enterprise also goes through various phases of development, hence the name of the products; Shishu, Kishore, and Tarun. Let’s acquaint ourselves with this structure briefly.

Shishu

This is that part of the structure which is specially designed for the enterprises in their nascent stages. All those enterprises who are in the process of establishing their business or thinking to start one can apply for a loan of up to Rs 50,000 under this product. 

Prerequisites
  • Machinery quotation and other items to be purchased
  • Details of the machinery to be purchased
  • Details of the machinery supplier
Kishor

It is pretty easy to predict what kinds of businesses can apply for a loan under this category. Every child grows up to be an adult someday and so does a business. This category is designed for all those businesses that are already established but looking for fresh funds in order to expand it. 

The loan that is provided under this category starts from Rs 50.000 to Rs 5,00,000. 

Prerequisites
  •  Last 6 months of account statements from an existing banker, if any.
  •  Balance sheet for the last 2 years.
  •  Income/sales tax returns.
  •  Estimated balance sheet for 1 year or for the duration of the loan.
  •  Memorandum and articles of association, if any.
  •  Sales made before filing the loan application and in the current FY
Tarun

Tarun Category is designed for businesses and enterprises that have completely established themselves and solidified their position in the market yet try to diversify and expand their business. Under this category, businesses could apply for loans ranging from Rs5,00,000 to Rs. 10,00,000. 

Prerequisites
  • All the requirements listed for Kishor Mudra Loan.
  • Address and Identity proof.
  • Caste certificate, if eligible for reservation

Advantages Of the MUDRA Scheme

  • the loan doesn’t require any collateral. It will save you further expenses and/or loss of a personal asset
  • For defaulters, the government takes the responsibility to repay the loan.
  • It is very beneficial to businesses that are looking to set up a micro-enterprise.
  • This loan will help you develop and further your company with up to Rs.10 lakh of funding.
  • The MUDRA Yojana scheme is available for small businesses regardless of the area.
  • Women borrowers get additional benefits as well as lower interest rates
  • It helps you raise funds easily to invest in your dream business
  • This loan also allows you to take advantage of the overdraft facility balance of up to Rs.5000.

With such a safe scheme and hassle-free process, MUDRA yojana has proved to be a godsend for all the entrepreneurs who are facing difficulty in raising funds for their business ventures. If You have an idea worth turning into reality, this might be the best option for you to hit your idea off the ground.

 

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It’s Raining Business Ideas: 4 ways To Think Of Successful Business Ideas

A king may die but a kingmaker lives forever in the several leaders that he produces! Do you see where we are going with this? No? Let us simplify things a bit in order for you to understand the concept better.

 

By simply suggesting you or introducing you to new and innovative business ideas, we are helping you in a very limited and restricted manner. However, with the help of this article, we are going to turn you into someone who will be able to produce or think of new business ideas all by themselves. Does this excite you? If yes, keep reading.

 

Put Your Skillset To Best Use

Fish can’t fly and birds can’t swim. There is a reason why we are stating this example which is to make you realize the importance of understanding the skills you are good at! This analysis will help you understand what it is actually that you can do brilliantly even if it has been done several times in the past. What is that one thing with the help of which you can dominate the market? The chances of a business becoming successful are way higher when you bring your skillset to the picture. We would highly recommend you to start focusing on your skillset to chalk out an idea that paves you the road to success.

 

Rescue The World By Solving A Problem

When do you think business becomes successful? It is only and only when it helps solve a problem that nobody had really paid attention to solving to date. Do you have it in you to accept the challenge and become a problem solver? If yes, then use everything in your power to think of a problem finding a solution to which is the need of the hour. Look at what the market lacks. Think of the gaps and build yourself a successful business out of it. Always remember, the world has only accepted those who have become part of a solution and not the problem!

 

Don’t always Stick To Original

Surprised much? Don’t be, as we have a solid reason to back up with suggestions. Let’s say there is an idea that has already been implemented by many and has been going on and on for years but couldn’t drive great results. Imagine you have the perfect qualification, skillset, capital, and manpower to implement the same idea, would you let it go just because it isn’t original? Nobody would. All we mean to say is that reject an idea just based on how many times it already has been attempted. If you are confident of your own take on the same idea, go for it.

 

Perfection Is A Perfect Illusion

Agree with us? If not, let’s agree to disagree but allow us a chance to explain the concept behind it. We all know that there will come a time in our lives, professional or personal, where we will find ourselves in a dilemma whether we are making the right decision or not. This is about the same confusion. Sometimes we let go of those ideas which do not occur to us in a perfect form. If there is any such idea that doesn’t let you sleep but you are too unsure of how it will roll out, then try and start small. Workaround it, it may take time, but there will be a moment when the picture will be crystal clear and then you can decide if you would like to scale it up.

 

We know identifying your niche is something that is easier said than done. Try and give serious thought to the tips mentioned above and you will find yourself thinking from a whole new perspective, a perspective that will help you never run out of ideas that can change your life.

 

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Easy to Start Manufacturing Business Ideas For 2020

A business is nothing more than just an idea on a piece of paper but only until it is met with flawless execution, sufficient fund, and a marvelous team to make it a reality. If Starting a manufacturing business idea has been on the cards, this is the best time for you to give it a go as the government has introduced many schemes to support manufacturers to strengthen the vision of making India Self reliant.

We are bringing to you some of the very popular manufacturing business ideas that are not going to lose their popularity anytime soon. If this is something that holds your interest, continue reading.

Toil Into Safe And Indigenously Handmade Toys

Recently, the Hon’ble prime minister spoke about the importance of manufacturing indigenously to support the growth of India making it self-reliant. He also insisted on manufacturers making handmade toys that can reflect the Indian culture in so many unique ways. If you have a skilled labor force or you find yourself enough to do the job, you must give it a try to contribute and aid to the cause as well as fulfilling your passion for making toys.

Play Around With Making Wooden Furniture

Custom made wooden furniture is one of the brilliant manufacturing businesses that you can get into if your interest lies in this particular department. From getting a custom made crib to getting a custom made a wooden shrine, we Indians are not shying away from getting things made our way tailored according to our personal preferences. Be it a chair, a coffee table, or a bookshelf,  we want all of it to have some sort of personality for which we depend on custom made wooden furniture manufacturers. If you have the expertise in building furniture and a whole lot of creativity, go for it.

Baked Goods For Life

 We are the generation that is comparatively warier of what goes into the food especially if it’s made outside. It takes us, as consumers, a lot of trust in a business to buy our staple food items from them. One such item is the bread and other baked goods. People want their bread to be made from the healthiest of ingredients that involve a lot of unprocessed things as close as possible to their natural form. If baking is your passion and you can manage to run this business at a decent scale, you should go for the kill and become the favorite of your customers.

Scented Candles And Natural Oils will Never Be Old

Be it a birthday, housewarming party, or just to make yourself happy, scented candles and other such essential natural oils are the best to delight your senses with those beautiful and aromatic fragrances. This is something that has been going on for quite a while now, but it is only in the recent few years that the scented candles and oils have started to pick up the pace. If you have a knack for it or have done a proper course in candle making and oil production, this is the best time for you to try it out.

We are sure the kind of resilience, perseverance, and dedication an entrepreneur possesses, it should not be very hard to crack the code of a successful venture in the manufacturing business. Be sure of the idea that you want to work on, make a business plan, look for a powerful sales and marketing team that will promote your business. It is just a matter of time before your hard work starts to pay off because a country like India has a lot to offer to the manufacturing industry, just be sure to invest your heart and soul into it.

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Distribution Business Model: Know Which Model Is the Best Fit For Your Business

export and import
निर्यात और आयात

The fact has been established that distribution business is an extremely profitable affair given you have the perfect strategy chalked out to help reach you the perfect customer to promote and accelerate your business.

Now that the profitability has been identified, many entrepreneurs have started this business generating tough competition. The only thing that will make you and your business stand out is the way you conduct your business. Now, how do you make your business stand out? The answer is to bring to existence that one perfect business model to grow your business for good.

What Exactly Is a Distribution Model?

A distribution model is nothing but an intelligently figured out way to make the goods and services reach from manufactured to the end consumers in the best possible and efficient manner. 

The primary purpose of a sales distribution model is to deliver these prepared goods from the manufactures to the target customer base in the most cost-effective way.

A distribution model includes many factors such as logistics, transportation, warehousing, storage, channel management, and inventory management.

What Are The Various Kinds of Sales Distribution Models?

Broadly there are three types of sales distribution models designed such as Intensive or mass distribution, selective distribution, and Exclusive distribution.

Mass/Intensive Distribution Model

This is the sales distribution model where the goods and services are designed to cater to a broader market or goods are produced for a very big number of people to consume. 

Try to understand it this way, if there is a business giant who produces its goods and services on a very large scale can not cover the entire geography to make its products accessible to each and every potential customer. 

Nestlé is producing its products which are consumed on a very large scale, it will need this mass distribution model to get associated with many intermediaries to make things happen.

Selective distribution Model

This is the kind of sales model where a manufacturer designs a plan to provide their goods or services to a select few clients or minted number of retailers. 

Selective distribution models can give an impression that the limited number of clients could hamper the growth and survival of a business, however, dealing with a select few clients also come with a lot of advantages such as the control of distribution chains and training your distributors. To state an example, if there is a manufacturer that makes crackers and deals in pyrotechnics, it will have a limited number of clients or resources.

Exclusive Distribution Model

This is the kind of sales distribution model that is adopted by a select few organizations. In this type of distribution model, the manufacturer of a product or service chooses to associate with one distributor or one type of distributor. 

One of the benefits that come with this model is that the manufacturer or producer has the upper hand or greater control when it comes to distribution. The best example would be Rolex Watches or iPhones.

You will struggle to make your business a success if you don’t build and operate your business on an existing model that suits your business. Now, with a clear picture of all these sales distribution models in front of you, try to do some research to figure out what is that one model that will help you scale more in less time. 

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GST Portal: Know Everything About GST Portal, Registration Process, And Documents Required

Goods And Services Tax (GST) was introduced back in 2017 and has now emerged as one of the biggest tax reforms ever. This tag of the biggest tax reform ever has been rightfully earned by GST as this has not only reduced the overall cost of goods and services but also has saved businesses a lot of complications with the whole process of filing returns for getting the registration done in the first place. 

This article is entirely dedicated to the GST portal that the government introduced to uncomplicate the process with great help from technology. 

What Is The Process To Register For GST?

  • The very first step is to open the GST portal and then clicking on Services. After that select “registration” to finally get your hands on new registration.
  • You will now be asked to fill in the details in PART A. These details are
  1. In the drop-down under ‘I am a’ – select Taxpayer
  2. Select State and District from the drop-down
  3. Enter the Name of Business and PAN of the business
  4. Key in the Email Address and Mobile Number. The registered email id and mobile number will receive the OTPs.
  5. Click on Proceed
  • On both your email address and mobile number, you will receive OTPs. You will have to submit these necessary OTPs in order to process further
  • You will now receive TRN (temporary reference number) on again both your email address and phone number. Save this reference number for the later formalities. You will also see the next part of the details to fill in the form of PART-B for which you will have the next 15 days.
  • Now go to the GST portal, again and again, select the new registration option where you will be asked to submit the TRN. Submit the number and click on proceed.
  • At this point you will receive an OTP both on your email address and mobile number. Submit the OTP to go further. After this, the current status of your application will be shown as a draft. On the right-hand side, you will see the edit icon, click on that to proceed further to complete the PART B details.
  • You will be asked to provide the necessary documents. To make sure the process goes smoothly and conveniently. Please have these things ready
  1. Photographs
  2. Constitution of the taxpayer
  3. Proof for the place of business
  4. Bank account details*
  5. Verification and Aadhaar authentication, if chosen
  • Once all details are provided, please go to the verification option. Tick on the declaration and submit the application.
  • If all things have been done successfully, a message will be displayed thereafter showing that the application has been submitted successfully and you will receive the Application Reference Number on your email and mobile.
Documents Required

Additionally, ensure that before you enroll on the GST portal, you have the following information with you:

  • Provisional ID and Password received from VAT authority
  • Valid email address
  • Valid Mobile Number
  • Bank Account Number
  • Bank IFSC code
  • Proof of Registration of Business (Shop Establishment Certificate in case of Proprietorship, Partnership Deed in case of Companies and Memorandum of Association for Companies)

The GST is now a very integral part of the Indian Taxation system as GST is paid by anyone and everyone who is an eligible taxpayer and a citizen of India. If you have still not registered for GST, we hope the process that we have shared with you made things a bit easy in terms of overall understanding and execution.