As India’s leading digital lender, we are always mindful of what’s most important for us: our customers. All Capital Float’s finance solutions can be customized based on the nature of your business and the rate of cash flows, among other things. Our online loan application process ensures that you can avail a loan anytime, anywhere with minimal documents. Flexible repayment terms through offline and online channels are facilitated to ensure that you have a seamless financing experience with Capital Float, through and through.
With the added ease that digital wallets provide, we have collaborated with Paytm to set up yet another payment option for your convenience. EMI payment can now be done through your Paytm wallet in two ways: directly through the Paytm app or from your Paytm wallet via the Capital Float mobile app.
Here are the steps for a successful EMI transaction using your Paytm wallet.
1. Via the Paytm Mobile App
Step 1: Login to the Paytm app on your smartphone. Under the ‘Recharge/Pay for’ section, click on Loans
Step 2: From the list of financial lenders listed, choose Capital Float
Step 3: On the page ‘Pay Your Loan EMI’, enter your Loan Account Number (LAN) and click on Get Payable Amount.
Step 4: Your due EMI will be automatically generated on the next screen. Click on ‘Proceed to Pay’ to make the payment.
2. Via the Capital Float App
Step 1: Open the Capital Float app, and Login by entering your registered phone number or email ID & password. You can also Login via Google if you had registered with a Gmail email address.
Step 2: Under the Loans tab, click on the option ‘Repay’. If your EMI payment is overdue, check the Updates tab for Overdue and select ‘Pay Now’.
Step 3: The Overdue Amount will be shown. If you select Upcoming Amount only, then this will get preselected. You can enter a lesser amount under ‘Make Payment of’ as well.
Step 4: Choose the option ‘Pay from your Paytm wallet’ and login using your registered mobile number and a 6-digit OTP code.
Step 5: Recharge using debit card/credit card/net banking or utilize the available balance in your Paytm wallet to complete the transaction.
Note: Capital Float accepts EMI payments via Paytm ONLY through the above mentioned methods. A Capital Float representative will NOT ask you to make loan payments to other mobile numbers. In case you receive such a request, please contact us at 1800 419 0999 or email us at firstname.lastname@example.org
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With the implementation of the Goods and Services Tax (GST) from 01 July 2017, business units across the country are beginning to feel its impact. Since the GST has subsumed all other taxes, such as service tax, VAT, Octroi, excise duty etc. collected by the central and state governments in India, the reforms are extensive. Their impact too is comprehensive and is expected to continue well into the future.
Like all other industries in India, GST impact on logistics and supply chain will also bring some major changes in the way these domains operate, as well as their bookkeeping activities. Logistics is a small but major part of supply chain management that concerns the administration of goods distribution in an efficient manner. We will therefore initially look at the effect of GST on logistics and then see how it impacts the broader domain of supply chain management.
The logistics industry includes the road transport sector (comprising unorganised and small enterprises, trucking companies and other fleets), the storage and warehousing domain and the third-party logistics. The operational efficiency of this industry had been falling due to the complexity of networks, growing coordination costs across supply chains, inadequate infrastructure and the levying of entry fee in different states. In addition to these, the multitude of business taxes was making logistics management an unwieldy and expensive process.
Most firms had to establish hubs and transit points in several states to avoid the state value added tax (VAT) because the goods directly supplied to dealers were taxed as per the VAT rate, but the transfer from the warehouse was treated as a stock transfer and did not attract VAT. However, this only caused more problems in accounting and lack of clarity for companies, while also resulting in opportunities for tax evasion.
GST for logistics companies
With GST now having replaced the multiple state taxes, there is no longer the long-prevalent need to install a hub across all states. Companies can remodel their supply chains and consolidate their hub operations to benefit from large-scale operations. It will also help them to use efficient practices like bulk breaking and cross-docking through a centralised location.
Under GST, the tax on warehouse and services involving manual labour has increased to 18% from the previous tax rate of 15%. With this change, a third-party logistics company will have greater incentive to provide services where the degree of value addition is high and where input tax credit can be claimed. This, in turn, will help in the consolidation of storage and warehouse sector.
With the convenience of entry across states by measures like the e-way bill, transportation delays will be reduced, although it will also call for streamlined IT systems and readily usable documentation at the entry points. For the third-party logistics companies, the costs of designing a logistics network will be less, and asset-light firms will be able to adapt quickly and reap more advantages in comparison to asset-heavy firms.
Impact of GST on supply chain
Before we look at the GST impact on supply chain, it must be understood that supply chain management is vital for the running of business organisations producing and distributing merchandise. Each business has standards for inventory turnaround, and these must be diligently adhered to in order to ensure optimum profit for the organisation. A loss of inventory at any point will result in a loss of value.
Post the implementation of GST, the benefits accrued by entities in supply chain management mechanism include:
Customisation of supply chain – Under GST, manufacturers can shift towards tailored supply chain models as per customer requirements. The removal of stock transfer benefits can help in increasing the share of direct dispatches for medium and large-sized dealerships.
Superior inventory management – After the elimination of multiple state-level taxes in lieu of a uniform GST rate, the stock points have been optimised and channel inventories reduced. There will be fewer transit stays after GST, which will help in advancing lead times while also reducing inventory levels at stocking points. With more potential for consolidation, warehouse management can also become more efficient.
Tangential decrease in incoming logistics costs – An impact of GST on supply chain will also be seen in the form of tangential benefits for direct out-of-state procurements and logistics costs. This can help manufacturers to expand their vendor base outside state boundaries and alter the sourcing models profitably.
Cash flow management for export businesses – Due to GST, tax exclusion benefits will continue with minimum effect on the bottom line, and a streamlined tax system will help in promoting more exports.
Modified after-sales distribution models- Implementation of GST can significantly affect the spares market due to an increased need for storage and retail penetration. Forward-looking businesses can develop their distribution footprint to retreat from consignment stocking, and enable customised supply chain models while also offering high-quality service at lower costs.
Overall, the logistics and supply chain management industry has been touted as one of the primary beneficiaries of GST structure. To begin with, there will be more compliance and adjustment costs because the frequency of filing returns has increased for businesses. Further, to claim the input tax credit, compliance will be expected from every single party across the value chain. This may hurt the profitability of the industry in the short run, but in the long run, operational efficiency is bound to enhance.
At Capital Float, we take all steps to ensure that small and medium enterprises do not face any hurdles in procuring loans for their business expansion or to implement the changes that need to be implemented as a result of GST. We are also helping our clients – which include logistics and supply chain firms – to comprehend the clauses of GST and use it to maximum advantage in their operations. Read our dedicated GST blog series to know more about the implications of GST on various sectors.
Oct 24, 2018
The 25th GST Council was held on 18 January 2018, and the rates of 29 goods and 53 services were reduced to lower tax slabs. These revised rates came into effect on 25 January. Other highlights of the panel included the decision to divide between the Centre and State, collections worth ₹35,000 crores from the Integrated Goods and Services Tax. The proposal to bring petroleum and diesel products under the ambit of GST is likely to be considered in the next meeting.
Here are the key goods and services that have been lowered or raised into new GST slabs.
|Good/Service||Present GST Rates||Revised GST Rates|
|Diamonds & precious stones||3%||0.25%|
|Articles of straw, esparto or other plaiting materials, Velvet fabric||12%||5%|
|LPG supplied to household domestic consumers, Raw materials and consumables needed for launch vehicles, satellites and payloads, Tamarind kernel powder, Mehendi paste in cones, Tailoring services, Transportation of petroleum crude and petroleum products, job-work services for manufacture of leather goods and footwear||18%||5%|
|Sugar boiled confectionery, Drinking water packed in 20 litre bottles, Biodiesel, Drip irrigation system including laterals & sprinklers, Mechanical sprayer, Fertilizer grade Phosphoric acid, Bamboo wood building joinery, Transportation of petroleum crude and petroleum products with ITC credit, Metro and monorail projects, Common effluent treatment plants services for treatment of effluents, Mining or exploration services of petroleum crude and natural gas and for drilling services in respect of the said goods||18%||12%|
|Old and used motor vehicles(other than medium & large cars and SUVs) with a condition than no ITC is availed||28%||12%|
|Old and used motor vehicles [medium and large cars and SUVs] with a condition that No ITC is availed, Public transport buses that run on biofuel, Services by way of admission to theme parks, water parks, joy rides, merry-go-rounds, go-karting and ballet||28%||18%|
|Small housekeeping service providers, notified under section 9 (5) of GST Act, who provide housekeeping service through ECO, without availing ITC||nil||5%|
|Actionable claim in the form of chance to win in betting and gambling including horse racing||nil||28%|
|Rice bran(other than de-oiled rice bran)||0%||5%|
|Cigarette filter rods||12%||18%|
Oct 24, 2018
The start of a brand new financial year is filled with several emotions for SME owners, ranging from relief after the intense pressure of March, anticipations and excitement for the year ahead. Amidst these, business owners often don’t find the opportunity to celebrate the year that has gone by and the new financial year up ahead.
The new financial year is the only occasion that is of sole significance to an SME, whereas every other event, festival or celebration involves friends and family. It is that time when the SME can celebrate with their team the previous fiscal year that was full of learnings, experiences, peaks and troughs. The beginning of a financial year also presents a unique prospect to start over; SMEs can renew their enthusiasm and vigor as they make new business decisions.
Indeed, celebrating the new financial year can become an ongoing ritual for SMEs as it also helps establish a stronger workforce with a refined drive towards the company’s vision. To gain an advantageous start, here are some practices to ease you into the new fiscal year, so that you can look forward to bigger success celebrations at the end of it.
1. Set financial goals
Whether your financial goals are numerical or tangible, they should be defined in a manner that lets you evaluate if they can be achieved or not. These can be long-term, such as profitability, margins, sustained cash flows, etc. that may not be accomplished over the span of the financial year ahead or specific goals that are short-term.
For example, a retail store that has rented a space might learn that the building owner plans to sell the building eventually, and intends to acquire the space for further expansion. For a smooth sale without depleting the working capital, the retailer should have a clear sense of the cost of down payment, mortgage and additional costs. Based on this, they can create a strict budget for the year and stick to it. Another option is to avail collateral-free finance options such as Term Finance or Merchant Cash Advance that offers flexible modes for repayment.
2. Evaluate the scope of debts
The beginning of the year is the best time to assess the debts that you might have accumulated over the past years. Start by weighing each of your existing loans based on its cost, interest rate and other subsidiary factors such as prepayment penalty. Always ensure that the loan with the highest ticket size is repaid first.
Business finance is not often a liability-encountering measure, but also an instrument for growth, expansion and diversification of your business. If you have a promising business opportunity at hand and are reluctant to accept it due to a shortage of funds, this is when you should consider availing business finance. To determine the customized credit solution that best suits your business, check out Our Products.
3. Improve book-keeping
Unorganized compilation of financial records is the most recurrent theme for SMEs who let go of trickling financial losses, only to discover a gaping hole in its wake. Unexpected, unrecorded cash expenses often eat their way into the profitability of a business, resulting in a long-lasting impact that might take several years to recover from.
It is integral to maintain records of operational and financial performance, and the method you adopt to maintain these play a major role in determining the accuracy of the data. If you have been managing business accounts on your own, it is advised that you hire an experienced tax accountant or opt for an enhanced accounting software this fiscal year. This will keep you free to focus on other tasks, with the assurance that you one step closer to higher profits.
4. Plan for new partnerships
Large corporations can perform the role of different stakeholders to an SME; they can assume roles as business partners, product distributors or customers. Contrary to conventional belief, small businesses have much to gain by associating with bigger businesses that operate differently from the way the SMEs function. This ensures that the partnership remains fruitful for both the entities involved, and avoids situations where they find themselves competing with each other If you feel that your enterprise will benefit from such a collaboration to supplement time, logistical organization and resources, this new financial year is when you can make that move.
5. Identify a new customer base
For any SME, extending the outreach of your brand to a wide demography of consumers is instrumental to evolve into a larger organisation. If you envision a steady rate of growth, what best time to target a brand new audience than the start of the financial year? You can also think of ways to improvise your product or service for a high-potential customer segment that is less exposed to competition. At the end of the day, this is an exercise that promotes out-of-the-box thinking.
A sound financial budget prepared with the above points in mind ensures that you are better prepared to face the new fiscal year. Also, it gives you an edge over your competitors on several fronts, and getting a business finance partner for your needs becomes much simpler when you are armed with a well-calculated plan.
Capital Float exists to serve the unique business aspirations of ambitious SMEs like you. With a growing base of 80,000 customers in over 300 cities across India, we provide customized credit solutions for the diverse needs that you might have. Paperless loan application, minimal documentation requirement and quick processing ensure that you receive funds when you need it. Choose from our new, innovative financial solutions for FY 18-19 and get ready to #BreakLimits!
Oct 24, 2018