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Articles, guides, tips and updates to accelerate business growth in 2023 and beyond

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Procurement

Key Price Trends and Outlook for HR Coils and Plates (Outlook for August…

The Indian steel market for HR Coils and Plates is currently experiencing a downturn in July 2025. HR Coil prices have dropped by ₹800/tonne week-on-week, while HR Plate prices remain mostly stable, with some thinner plates showing a slight decrease. This weakness is driven by monsoon-related low demand and a surge in imports from countries like China and South Korea. Looking ahead, a mild price recovery is anticipated in September–October, following the monsoon season and a potential government policy on import duties.

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Logistics

Logistics

How to start an import export business?

Import/export business is a company that either exports products to be sold globally or imports goods to be sold in the domestic market. These organisations have restrictions on the products they can import/export and should obtain the Importer-Exporter Code before starting their business.

Logistics

Economic Order Quantity in logistics: EOQ Formula, example, importance

For businesses to ace inventory management, it’s important to place reorders in time. The economic order quantity model, enables businesses to reorder stocks in time to meet customer demand while reducing expenses. Read on to learn more about the concept of economic order quantity in logistics, how it benefits SMEs,...

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MSME

LUT in GST: Meaning, Filing Process, RFD-11 Format and Renewal

A Letter of Undertaking (LUT) under GST allows exporters to make zero-rated supplies without paying IGST, simplifying compliance and improving liquidity. This guide covers LUT filing procedures, benefits, required documents, differences with bonds, and recent updates to help exporters stay compliant.

Last updated on: Jan 17, 2025

Anirban Sinha

MSME

SEZ in GST: Full Form, Tax Benefits, Rules, and Compliance Guide

Under the Goods and Services Tax (GST) framework, SEZs are considered distinct territories for tax purposes, offering numerous advantages to businesses. Lets deep dive to understand everything about it.

Last updated on: Jan 17, 2025

Anirban Sinha

MSME

GST Audit: How to Do, Limits, Due Dates, & Compliance for MSME

A GST audit ensures that your filings align with GST laws, minimising risks of penalties or legal actions. This guide will walk you through GST audit essentials, including limits, due dates, processes, and practical tips.

Last updated on: Nov 29, 2024

Anirban Sinha

MSME

Electronic Credit Ledger in GST – Structure, Balance Utilization, and Refunds

The Electronic Credit Ledger (ECL) is a vital tool in India’s GST system, digitally tracking Input Tax Credit (ITC) for taxpayers. It ensures efficient tax management by enabling ITC utilization, addressing discrepancies, managing refunds, and complying with recent updates, making it essential for seamless GST compliance and accurate financial record-keeping.

Last updated on: Jan 17, 2025

Anirban Sinha

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