Life Style,News

GST – All You Need To Know

admin,   29 May , 2017  

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India is ready for GST, are you? Know every thing about GST here and stay updated to avoid any loss.

  • GST is now on the path to be implemented from July 1st, 2017.
  • Types of taxation in GST
    • IGST : Integrated GST
    • CGST : Central GST which with replacement CST
    • SGST : State GST which will replace VAT
  • WEF from June 1st, 2017 : Migration towards enrolment of GST will start till June 1st, 2017.
  • Registration certificates will be issued online
  • There will be no check post for 1 year. Only mobile check posts will be in full force. All intelligence officers will be dormant for sometime.
  • 5 forms on different dates have to be submitted every month
    • R1 form on 10th
    • R2 form on 13th
    • R3 form on 15th
    • R4 form on 17th &
    • R5 form or final returns on 20th
      You cannot file revised returns at all. Once filed on 20th is final.
  • Tax payments will be accepted only by e payments. Tax Payments via credit & debit card also added.

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  • In the present VAT system you upload sales & purchases every Quarter. In GST you have to upload every sale & purchase bill every month.
  • Be careful , every thing in GST is system driven. Once uploaded you cannot revise anything. No officer can help you in this. They can only pity the mistake!!!
  • Your firm rating will be done by the system. Based on the rating audit trials will be conducted.
  • Proposed e-sugam for ₹50,000 & above value only.
  • Proposed rates of GST in percentage are 0, 5, 8 , 12, 18 , 28 & 40
  • 1st time in the history of independent India 4 major category of businesses will be covered : Education, Textiles, Medical & Professional services.
  • You need to submit 17 documents for migration to GST.
  •  Most products MRP to come down.

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  • Distribution and C&F channel under threat of becoming redundant
  • All these categories which were not taxed will now be taxable : Replacements/ return goods, Barters , Free Samples, disposables, scrap material. For example : if you buy a 40 inch led TV from a shop for ₹30000 & return back your old TV in exchange for ₹4000, you have to pay tax on ₹34000.
  • All movements of material will be taxable like : Head office to branch office (stock transfer), factory to C&F agent, godown to shop.
  • All books & records to be maintained on daily basis.
  •  The GST officer has all rights to value your goods & fix the price. The law will decide Valuation of the product at Various levels like : Manufacturing, wholesalers, distribution & retailers. For example if Kissan is selling Jam for ₹150 & Patanjali is selling the same Jam for ₹120. (Same quantity, flavour, ingredients etc) Then Patanjali has to pay tax on ₹150.
  • You will need a full time accountant in your shop/office to maintain books under GST.
  • All travel & tour expenses related to business have to be claimed under firm name.

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  • If your vendor does not upload his bills within 180 days , you will not get tax credit.
  • You cannot claim credit for material in stock beyond one year.
  • They propose that You have to dispose all your old stocks purchased under VAT/CST within September 2017.
  • All VAT related documents like C forms, F forms etc have to be cleared within Sept 2017.

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Life Style

Marijuana: A Curse Or A Boon (Do Vote)

admin,   4 Nov , 2015  

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If you don’t know what to vote for, then read the post and decide.

Do you think Marijuana should be legalized in your country?

What is Marijuana?

Marijuana, also known as Cannabis and by numerous other names, is a preparation of the Cannabis plant intended for use as a psychoactive drug or medicine. Cannabis is often consumed for its mental and physical effects, such as heightened mood, relaxation, and an increase in appetite. Cannabis is mostly used recreationally or as a medicinal drug.

Marijuana

Marijuana

More…

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Fashion,Life Style

Mehndi Designs Most Loved By Womens

Sanyam Mittal,   29 Oct , 2015  

pakistani-mehndi-design-2

Best Arabic and Pakistani Mehndi Designs Ever


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Life Style,Tourism

Customs And Traditions In Jammu and Kashmir

eraggarwal,   29 Oct , 2015  

Jammu & Kashmir

The culture of Jammu and Kashmir is a comprehensive mingling of customs and practices of its three distinct regions, Kashmir, Jammu and Ladakh. Apart from its demographically variations, specific cultural diversions of its elements are what make the culture of Jammu and Kashmir remarkable. Music, dance, cuisine, lifestyle, festivals all these only highlight the diversities prevalent in these provinces. Unity is restored when a common thread of cultural tradition binds them together thus making it a part of Jammu and Kashmir as a whole. Culture of Jammu and Kashmir is therefore an interesting reflection of color, zest, harmony and concord which makes Jammu and Kashmir to stand apart with its distinct features of age old tradition and deep ethnicity.


 

  • Music and Dance

Jammu and Kashmir has few of the most captivating forms of performing arts in India that has captured the imaginations of one and all. These dances have become a non detachable part of this state’s culture and are performed at almost all festivals and celebrations. There are special dances for almost all occasions like birth celebrations, wedding ceremonies, crop harvesting. Be it the dances of J&K or the music, they have this special aura about them that make you feel as a part of the performance even if you are just a spectator watching it in front of your eyes or sitting miles away enjoying it through media. There are many shows organized as well where you can witness the mesmerizing art forms apart from watching them in festive celebrations. This makes Jammu and Kashmir a hot favourite destination among tourists. More…

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Fashion,Life Style

How to get rid of pimples overnight

Richa Sinha,   27 Oct , 2015  

natural-pimple-treatment

Pimple is a small pustule, Papule or a kind of a comedo. Pimples are also known as spots and zits they all are small skin lesions or inflammation of the skin. Pimple occur when the sebaceous glands, which are located at the base of hair follicles, become over-active and produces sebum which get infected with bacteria, swell up and then fill up with pus.

There are many types of pimples and one should be aware of its type , that would help them to cure it by using correct treatment.


 

Types of pimples

1.Blackhead: 

A Blackhead is an open comedo. It has a wide opening on the skin with a blackened mass of skin debris covering the opening.Some blackhead may be yellowish in colour because in that case  the comedo is filled with skin debris, bacteria and sebum. More…

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Fashion,Life Style

5 Natural Ways For Facial Pores Minimization

Richa Sinha,   12 Oct , 2015  

Natural ways to minimize facial pores

As always, concerned about my reader’s health, I am back with my post on natural ways to stay healthy. This time it is all about the facial pores, which 90% of the population is worried about. Generally people apply ready-made face packs followed by some moisturisers, which are so costly and accordingly not effective. Thereby, I introduce you to some natural ways to prepare face packs for facial pore reduction. Comparatively, they are less costly and unduly effective.


1. Tomato Juice:

tomato

Tomatoes are a very popular vegetable as they are tasty and can be consumed in numerous ways like directly or in the form of salads or juices or cooked with other vegetables. Tomato constitutes Vitamins A and C and so constitutes the tomato juice , which possess natural antioxidant and astringent properties. Vitamin C proves to be a boon for reducing pores. More…

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