A healthy cash flow is the signifier of a thriving business. This financial status is especially beneficial for borrowers who do not own assets, which they can offer as collateral to lenders. Access to cash flow lending is enabling more underserved borrowers to get credit on the basis of business performance. For lenders, however, authenticating […]
GSTR Analysis for Fintech Startups: Why it’s Crucial for GST Review and Compliance The supply of goods and services in India is subject to the products and Services Tax (GST). In India, the GST law was enacted in July 2017 and has since replaced several indirect taxes, including VAT, service tax, excise duty, etc. Compliance […]
The market size of the digital lending industry in India was worth just $ 9 billion in 2012. By the end of 2023, it is projected to reach a value of $ 350 billion. Fintech companies have played a major role in the accelerated growth of digital lending, and in particular, small business financing. The […]
Implementing Goods and Service Tax (GST) in 2017 was a significant step in India’s indirect tax reforms. The goal was to establish a unified taxation system across the nation. GST amalgamated many indirect taxes to avoid double taxation. The new policy aimed to ease business by installing centralised online procedures for filing GST returns (GSTR) […]
We are in 2022, and India’s economy is evolving amidst a global crisis. However, to achieve the $5 trillion economy dream by 2024-2025, the country certainly needs economic recalibrations. It wasn’t long ago when the pandemic caused an unprecedented downfall for the global economy, not to mention the MSME sector. Currently, the MSME sector is […]
