In India, Micro, Small, and Medium Enterprises (MSMEs) are the backbone of the country’s economic growth, generating employment and contributing significantly to the GDP. However, accessing credit has often been a significant challenge for such enterprises, especially for startups and small-scale businesses. This is where responsible lending plays a transformative role. At LendingKart, responsible lending […]
When a business applies for financing, lenders need to assess its financial position and ability to repay the borrowed amount. For GST-registered businesses, GST returns can provide useful information about reported turnover and ongoing business activity. However, GST returns are not the only factor considered when determining business loan eligibility. Lenders may also review
Goods and Services Tax (GST) has streamlined indirect taxation in India, but businesses may sometimes end up paying more tax than their actual liability or accumulating input tax credit that cannot be utilised. In such situations, GST law provides a mechanism to claim a refund, subject to specific conditions. The GST refund process is
GST registration is an important compliance step for businesses that become liable to pay Goods and Services Tax. The process is completed online through the GST Common Portal and requires applicants to provide details about their business, PAN, authorised signatories, place of business and other relevant information. Understanding how to register for GST online
For many aspiring entrepreneurs and small business owners, access to timely funding can make a significant difference when starting or managing a business. Whether the requirement is to purchase stock, invest in equipment, buy raw materials or manage working capital, having access to formal credit can help support day-to-day business activities. The Shishu Mudra
For many business owners, the MSME number is simply another detail to keep track of until they actually need it. It may come up when applying for business finance, exploring government schemes or completing other business-related processes. Knowing where it fits within your business records can make these tasks easier and help you avoid
For a business owner, funding is rarely needed at a convenient time. A bulk order may come in when cash is tied up in existing inventory, equipment may need replacing unexpectedly, or an expansion opportunity may need investment before the returns start coming in. This is where an MSME Business Loan can help bridge
