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The Micro, Small, and Medium Enterprise (MSME) sector is a key contributor to India’s growth and therefore receives multiple benefits and relaxations from the government. When it comes to Authorised Economic Operator (AEO) registration, there are various relaxations extended for the MSME sector. This makes it relatively easier for the MSME sector to satisfy the AEO certification eligibility criteria. Let’s take a look at the applicability of AEO registration for MSMEs. AEO Registration for MSMEs Also known as Liberalised MSME AEO package, the Central Board of Indirect Taxes and Customs (CBIC) has launched a special AEO registration scheme through the issue of Circular No. 54/2020 dated 15th December 2020 for the MSME sector. This scheme allows MSMEs to obtain AEO registration with relaxed eligibility criteria. Following are the normal AEO registration eligibility criteria and those applicable to the MSME: Particulars Normal AEO Scheme Liberalized MSME AEO Package Handli...

QuickBooks announced its exit from India earlier this year and stopped accepting new subscriptions in India. However, for the existing QuickBooks users, it was a state of dilemma as they had to search for alternative accounting software and migrate their existing data to that software. What are some of the ideal QuickBooks alternatives in India ? How to migrate data in the new accounting software? Well, we have answered all your questions here! Best QuickBooks Alternatives in India  If you are operating a business and need a QuickBooks alternative in India for your accounting and bookkeeping needs, then you can go with the following software: Tally Prime: Tally Prime is one of the most used accounting software in India. With over 2 million+ businesses, Tally managed to gain a broad customer base. It comes with all the accounting features that a business could possibly need ranging from invoice generation, inventory management, cheque printing, e-way bill compliance, auto-generat...