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

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RFQ Full Form and Meaning for MSMEs | Tender Guide
Tenders

RFQ Full Form and Meaning for MSMEs | Tender Guide

An RFQ, or Request for Quotation, is a key step in public procurement where MSMEs submit price offers against defined government requirements. For vendors, knowing the RFQ full form and meaning is not enough—success depends on platform navigation, correct documentation, DSC validation, and timely submission. This guide breaks down GEM, CPPP, and state tender RFQs, explains common rejection reasons, and offers clear checklists to help MSMEs bid with confidence and avoid costly errors.

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Role of inventory management in logistics and its types
Logistics

Role of inventory management in logistics and its types

Did you know the importance of inventory management in logistics? Did you know about the four types of inventory management? Did you know the role of inventory management in logistics? This article highlights meaning of inventory management, its role and types of inventory management.

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Taxes Subsumed Under GST: Objectives, Principles, Pros & Cons
MSME

Taxes Subsumed Under GST: Objectives, Principles, Pros & Cons

GST has transformed India’s tax landscape by subsuming multiple indirect taxes, simplifying the taxation system, and contributing significantly to economic growth. After more than a decade of effort by the Government of India, GST now plays a pivotal role in the economy. Let's explore which taxes subsumed under GST, its objective, principles, pros, cons, impacts, and the taxes that could not be subsumed under GST.

Last updated on: Feb 20, 2025
Anirban Sinha
GST Amendment Act: Key Changes, Impacts, and Implementation Explained
MSME

GST Amendment Act: Key Changes, Impacts, and Implementation Explained

The GST Amendment Act refines India’s Goods and Services Tax framework by addressing compliance challenges and evolving economic needs. Through key updates like ITC rules, e-invoicing, and composition schemes, it simplifies tax processes, curbs evasion, and promotes formalisation. Stay informed to navigate amendments and leverage their benefits effectively.

Last updated on: Jan 17, 2025
Anirban Sinha
Section 50 of GST Act: Interest Provisions and Key Amendments Explained
MSME

Section 50 of GST Act: Interest Provisions and Key Amendments Explained

As per the latest GST Council recommendations, taxpayers must calculate interest only on net tax liability. With over 1.39 crore registered GST taxpayers in India, understanding Section 50 is vital to avoid penalties and maintain compliance. This guide delves into the section's key provisions, implications, and FAQs for businesses.

Last updated on: Nov 20, 2024
Anirban Sinha
Lorry Receipt: A guide to Types, Features, Rules, Format and Usage
Logistics

Lorry Receipt: A guide to Types, Features, Rules, Format and Usage

Table of contents: Understanding Lorry Receipt Key Features of Lorry Receipt Types of LR copies Meaning of Usage – Download a Format Role of IBA Benefits of IBA-approved LR copy Is LR is different from e-way bill? Conclusion A Lorry Receipt (LR) is a critical document in transportation and logistics, ensuring the smooth transfer of goods between consignor and consignee. This article provides a detailed guide on Lorry Receipt, its types, features, rules, and usage. By the end of this...

Last updated on: Jan 9, 2025
Anirban Sinha
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