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 […]
The terms “MSME loan” and “business loan” get used almost interchangeably in everyday conversation, which makes sense since every MSME loan is technically also a business loan. The reverse isn’t true, though, and that distinction affects interest rates, documentation, and which government schemes you can actually access. This guide breaks down what an MSME
For exporters, paying IGST in advance can temporarily lock up funds until the corresponding refund is received. An LUT offers eligible businesses an alternative route for making zero-rated supplies without paying IGST upfront, subject to the prescribed GST conditions. But who can use this facility? How do you file an LUT, and when does
What is CIBIL MSME Rank? Meaning, Range, Benefits & How to Improve it
For a small business, a lender’s assessment isn’t based only on the loan amount being requested. The business’s previous borrowing and repayment behaviour can also indicate how it has handled credit in the past. This is where the CIBIL MSME Rank (CMR) becomes relevant. It gives lenders a quick view of an MSME’s credit
Running a business requires keeping revenue flowing, but under India’s tax framework, making a sale is only half the battle; properly reporting it is what keeps your operations running smoothly. GSTR-1 serves as the official record of outward supplies reported to the GST system. Your buyers may encounter delays in claiming or reconciling their
For many businesses, GST reconciliation is not difficult because of the rules alone, but because small invoice differences can create bigger compliance issues. Understanding what GSTR-2A means and how it works helps businesses stay ahead of these mismatches and maintain cleaner purchase records. What is GSTR-2A? The GST portal creates GSTR-2A automatically, showing purchase-related
India’s Record GST Collections Signal Strong Business Momentum: What Entrepreneurs Should Do Next?
A GST figure rarely makes its way into an entrepreneur’s daily to-do list, but it can reveal what is happening beneath the surface of India’s business economy. Rising collections can reflect stronger transactions, increased consumption, and improved tax compliance across sectors. The latest GST news in India offers more than a headline number, giving
