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igst full form
What is IGST - Integrated Goods & Services Tax? Meaning & Full Form

Category : Financial Insights

PoonawallaFincorp • Feb 08, 2023 • 365 views

Earlier, the tax system was complex and multi-layered. There were several types of taxes that were levied on the goods and services such as excise, service tax, VAT, Octroi, Entertainment tax, tax on lottery, luxury tax, Purchase tax, etc.

GSTN full form
What is GSTN? Full Form, Roles & Functions Explained

Category : Financial Insights

PoonawallaFincorp • Feb 06, 2023 • 250 views

When the Goods and Services Tax (GST) was officially implemented in 2017 in India, it brought about a change in the entire taxation system of the country.

types of gst returns
What is GST (Goods & Services Tax)? Meaning & Types of GST Returns

Category : Financial Insights

PoonawallaFincorp • Feb 06, 2023 • 280 views

Goods and Services Tax is an indirect tax levied on goods and services. With the introduction of GST, multiple indirect taxes were abolished such as VAT, service taxes, excise duty, etc.

reverse charge mechanism
Reverse Charge Mechanism (RCM) in GST - An Overview

Category : Financial Insights

Poonawalla Fincorp • Feb 01, 2023 • 233 views

In 2017, the Government of India introduced the Goods and Services Tax (GST) in a bid to subsume various indirect taxes into a single taxation system.

What is Loan Account Number
What is a Loan Account Number? Steps to Find Loan Account Number

Category : Financial Insights

PoonawallaFincorp • Jan 30, 2023 • 291 views

Digitization in the lending sector has made it easier for individuals to avail of funds instantly. Various banks, Non-Banking Financial Companies (NBFCs), and lending institutions are now offering online loan applications. This has also sped up processing, approvals, and disbursals.

What is CGST and SGST
What is CGST & SGST? Meaning, Differences Explained

Category : Financial Insights

PoonawallaFincorp • Jan 25, 2023 • 277 views

In July 2017, the Goods & Services Tax (GST) was implemented in India in a bid to create a uniform taxation system that can be used countrywide, aka ‘one nation, one tax’.

simple interest and compound interest
What is Simple Interest? Formula, Calculator, Example, Definition

Category : Financial Insights

PoonawallaFincorp • Dec 21, 2022 • 466 views

A quick and easy method of calculating the interest charged on a loan is called Simple Interest. It is determined by multiplying the interest rate by the principal amount, by the number of periods(days/months/years) that have elapsed between the payments.

how to improve credit score in 30 days
How To Improve Credit Score In 30 Days in India?

Category : Financial Insights

PoonawallaFincorp • Dec 08, 2022 • 635 views

How to improve credit score in 30 days in India – is one of the most important question comes to many people’s mind when it comes to credit score.

what is nbfc
What is the Full Form of NBFC? Its Meaning, Types, Role & Scope

Category : Financial Insights

PoonawallaFincorp • Dec 04, 2022 • 1014 views

As the worlds second-largest internet-using country, Indias digital transformation in the financial sector is gaining momentum.

trade credit meaning
What Is Trade Credit? Meaning, Formula & Features

Category : Financial Insights

PoonawallaFincorp • Dec 03, 2022 • 577 views

With the overall growth of businesses in India, we have seen several transformations in and around the business environment. However, there are a few methods such as trade credit that have been in the practice since the inception of businesses.

credit score definition
What is a Credit Score? How it Helps in Personal & Business Loan Approval

Category : Financial Insights

PoonawallaFincorp • Nov 30, 2022 • 698 views

A credit score is one of the most crucial factors in the eligibility criteria for loan. Knowing what your credit score is will help you understand your financial health.

financial planning tips for young adults
Top Financial Planning Tips For Young Adults In India

Category : Financial Insights

PoonawallaFincorp • Nov 24, 2022 • 748 views

Financial planning is an effective process that offers an efficient framework to achieve your life goals strategically and systematically. To assist young and aspiring entrepreneurs, let’s take a look at some budgeting help for young adults.

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