Learn from tree

 

It is equally important to grow both inwards and outwards.

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Problem captured.

 For a while we have been facing a problem to acquire funding through government grant. There is a great initiative by the Government of India to support our startup ecosystem by means of funding. One such initiative is SISFS (Startup India Seed Fund Scheme). We were rejected multiple times by the incubators. Upon close inspection of the cause of rejection (this is very important in any venture) I found out that  "there is a need to draw a clear line between incubator and accelerator. Accelerators are programmes run by investment agencies to provide investment to already established and settled startups for their expansion or development. Incubators on the other hand are agencies that support startups during their very initial phase." Really hoping to secure funding for our incubation this season.
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Penny well spent is penny worth saved.

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 It goes both ways! Time tested saying is that "A penny saved is a penny earned." To give you a context, there is another old story. Once upon a time there was a Halwai (confectioner) in a land far far away. He was very famous for his kachoris . People from distant places would come and visit to taste his tasty, spicy kachoris . All his life as far as he could remember he was working in his shop. Making a brand of his own. He had sent his son to study MBA in a top college in big city. With degree in his hand the son returned. One day the Halwai saw his son thinking about something very deeply with his head buried in his hands. The Halwai asks his son, "Kid,What is the matter?" The son replies, "Dad, When I was doing my MBA. I got connected to the bigger picture of the market." Halwai was happy, "That is great. But why the long face." Son, "Dad, but the world's market is going to go downwards any time now. We need to start saving before t...
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GST on sale of second hand car, my understanding!

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One news that caught everyone's attention in the past week, was also the one which left its audience with more questions than it answered. .The news has been mis interpreted, commented on, a subject of criticism for the week The news published by Dainik Bhaskar is quite comprehensive and does a good job of explaining the tax. According to this, "If a car is sold on profit after depreciation, then the seller is liable to pay GST on that profit." So first of all this is applicable only for cars that are registered in a firm's name with GST registration . Next, GST is applicable on profit after depreciation of car's value . For example, if I purchased a car in 2024 for 6 lacs in my GST registered firm's name. After 5 years of using it and booking depreciation in my firm's ledger at 10% per annum. The book value of car after 5 years will be, 2,95,245/- INR. So if I sell my car at 3 lac rupees. The 18% GST is applicable on the profit margin that is - INR 4755/-...
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