Do you have a GST registration for your business yet? Since its introduction in 2017, the Goods and Services Tax (GST) has simplified indirect taxation in India, but many SMEs across India still struggle to understand the system and whether they need to get a GST registration. We know the GST system can be confusing…
October is going to be one of the busiest months for businesses across India. Between your work and festival celebrations, don’t forget to keep up with your GST obligations. Depending on the type of business you own, or the type of GST payment schedule you follow, your GSTR filings for September 2021 are due this…
At CreditEnable, we’re asked often whether your individual credit score has any impact on your business credit score. The short answer – yes, it does! Your credit history tells a lender a lot about your financial habits. In the case of a younger business that is still building its lending history, lenders pay particular attention…
Did the global Facebook, Instagram, and WhatsApp outage get you thinking about your data security? You’re not alone! Though Facebook, in their official update, confirmed there was “no evidence that user data was compromised as a result” of the outage, your data privacy should be your #1 priority like it is ours. At CreditEnable India, we…
With so many festivals and celebrations happening this month, October is shaping up to be a hectic month for business owners. CreditEnable is here to help you stay on top of your tax obligations, no matter what! The deadline to deposit the TDS and TCS for September 2021 is October 7, 2021, so don’t forget…
Did you know the type of bank account you use for your business impacts your chances of being approved for an SME loan with a formal lender! Lenders are more likely to lend to businesses that use current accounts for their business transactions because they consider them “pure” business accounts. When you apply for an…
Do you know what factors influence your credit score? Credit bureaus like CIBIL and Experian use factors such as your industry, repayment history, your businesses capacity to repay a loan, among other things, to determine your credit score. Once your credit score has is calculated, lenders use it as a proxy for your creditworthiness, using…
As a small business, there are many things you need to think about before applying for business financing. What type of SME business loan you should get is one of them. The type of business loan you apply for depends on how you plan on using the loan, what collateral you own that you can…
By now, you should know that whenever you apply for small business funding with a formal lender, they check your credit report. Your report provides lenders with a host of information about your business finances, from your credit score to your financial and repayment history. Here’s an easy guide to help you understand the different…
With the festivals approaching fast, businesses and entrepreneurs are getting ready to go into overdrive! As an SME, you’ll probably be working overtime this month and will also need to make time to participate in the festivities. With all this activity happening around you, it may be hard to take some time for yourself. However,…
