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How many million is a Crore? - Office Equipment & Supplies

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Posted on Apr 08, 2011


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What is the impact of GST on MSME sectors?

Like every other sector GST implications on MSMEs can be both positive and negative. Let us check both positive and negative implication of GST on the MSME sector:

  • Positive Impact:
  • Unified Taxation: Earlier SMEs had to face multiple taxation procedures, a complete time-consuming process. But with the GST implication, there is a uniform taxation making it easier pay tax. In order words, GST will help doing business with neutral tax.
  • Negative Impact:
  • Burden of Higher Tax Rate: Earlier, MSMEs had to pay service tax of 15% which is now increased to 18%. This is certainly an increase in the burden of higher tax payment. This burden will further fall on end consumer as the price of the product or service will increase.
  • Low Tax Limit: Earlier, MSME earning above Rs 1.50 crore was placed under tax bracket, but under GST, the limit has dropped to Rs 20 lakh which is a huge blow for the sector.

Sep 28, 2017 | The Computers & Internet

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Can I apply for a small business loan up to 8 lakhs? My annual turnover is 3.5 lakhs. What is the average duration of a small business loan?

Yes, you can apply for the small business loans up to Rs8 lakhs or even more. There are small business loans in India that are targeted for new entrepreneurs and businesses with minimum turnover. However, there are certain criteria that need to be fulfilled. Companies like Capital Float offer different loans for SMEs. The loan amount is approx. Rs 1 crore depending on your turnover and capability. For instance, Inventory financing for small business is offering loan between Rs 25, 000 to Rs 50 lakhs. The eligibility criteria is the business should be operational for at least one 1year. Similarly, Online Seller Finance service offers funds up to Rs 1 crore and the business should be operational for at least one year and quarterly sales should be Rs 75,000/-.

You can approach the executives to know more about the loan criteria and procedures to apply for such business loans.

Sep 27, 2017 | The Computers & Internet

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How to get business financing for working capital

You can get working capital financing for your from any financial institutions. The Capital Float is a one of the best and most popular financial institution in India.They offer working capital financing at low interest and the loan amount ranging from Rs. 1 lac to Rs. 1 crore to fulfil your short-term business goals.You can apply online for for capital finance and get disbursal within 72 hours. The tenure of your loan ranging from 6 months to 12 months.

Aug 25, 2017 | Computers & Internet

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What is the progress report of NREGA scheme?

Panchayat and Rural Development Minister Ajay Chandrakar reviewed the development works. He ensured the development works under the NREGA scheme. These employment-oriented functions should be accessible to those who need more jobs. He reviewed the development works and welfare schemes of the Government to implement effective programs directed to the public benefit.

Panchayat and rural development minister Mr. Chandrakar has also initiated the scheme of providing compensation to farmers to all those who were suffering from drought. The compensation amount will be transferred to respective farmers. The district bank would account for approximately five thousand farmers, till now a big amount of seven million rupees has been transferred. Under NREGA scheme, in 84 villages, around nine thousand 165 crore 38 lakh works have been sanctioned. The number of workers is 39,300.

Dec 14, 2016 | Computers & Internet

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Query about scam?

I've have recieved such email's in the past & I sent them to the spam folder, you don't specify what email service you have, if your email service has a this is spam, I would put it in there

Mar 13, 2012 | Computers & Internet

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How many million american dollar for 1200 crore indian rupee

1200,00,00,000 / 45 approx = 266,666,667 U$ approx 266 million.

Feb 21, 2011 | Computers & Internet

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