The lifecycle of a startup usually consists of 5 stages. They are: 1.Idea validation - Idea formulation and validation are the basic things done in this stage other than making a prototype of the product. 2.Seed funding - This is where the initial investment into the business comes first mostly from self, friends and family.
Changes in payment and set off rules under GST from 1st February 2019 On and from 1st February 2019, The Order for availing the set off of ITC has been changed and new Sections 49A & 49B under The CGST Act 2017 have been made effective. Let us analyse the impact of the same on Trade & Industry – The