Category: Health: Health and Medicine Weblogs

VITAMIX Labs is a globally recognized vitamin manufacturer and private label manufacturer of custom nutraceuticals, supplements, and vitamin products.

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Category: Entertainment: Comedy

It's a uplifting feeling to have a funny daily cartoon on your website that will cheer your friends. Lift above the old routine with a fun cartoon on your page and send everyone on the up-swing. It's best way to lighten up your friends day. And great way to promote visitor participation. People from all walks of life read and enjoy. Website widget puts daily cartoon on pages. Easy to install code for html to Wordpress Joomla Facebook Twitter or any other websites

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Category: Business & Economy: Business Resources

Beginner’s Guide to GST in India – Goods and Services Tax in India gstindiaguide.com/gst-india/ Indirect taxes in India have been in a constant state of evolution. Now, with the passage of the One Hundred and First Amendment Act of the Constitution of India enabling the introduction of a comprehensive Goods and Services Tax – GST in India, the Indian system of indirect taxation awaits what is being believed to be the most revolutionary step towards rationalization of indirect taxes in India. In short, GST will take place of all indirect taxes to create a single market. HSN Codes of all Commodities – CLICK HERE Possible GST, IGST, CGST & IGST Rates of all Commodities – CLICK HERE GST Calculator – CLICK HERE GST in India – Goods and Services Tax in India Evolution of the Indian System of Indirect Taxation There are multiple general / industry-specific levies. These are discussed here : Customs Customs duty is a levy on import into India and export out of India. It is a central levy. The presence of customs as a formal levy goes back to 18th century. There existed a separate Sea Customs Act, Land Customs Act and provisions for air customs. These were consolidated into Customs Act, 1962, which is the present law for levy of customs. In 1986, a Customs Tariff Act was introduced based on the Harmonized System of Nomenclature. Customs duty was started with a rate of 5%. The rates were increased post-independence. The total duty burden eventually crossed 100%. Thereafter, the rates were gradually reduced in the 1990s. Countervailing duty and special additional duty were also introduced in lieu of excise and sales tax respectively. India also rationalized its structure of customs duty in line with WTO guidelines, which aimed at free trade. Customs - GST in India – Goods and Services Tax in India Excise - GST in India – Goods and Services Tax in India Excise Excise is a levy on manufacture. Initially, there was a separate Act for each commodity. By 1944, there were 16 such enactments. A need was felt to consolidate these and the Central Excise Act of 1944 was introduced. Later, in 1986 the Central Excise Tariff Act was made effective for classification of goods in line with International Standards (Harmonized System of Nomenclature). MODVAT was introduced in Excise in the year 1986. It aimed at avoiding the cascading effect of taxes. The coverage of MODVAT was expanded over time. Presently, it is known as CENVAT. CENVAT allows the cross-utilization of credit across Excise and Service Tax. Service Tax Service tax is a levy on provision of services. It is a central levy. It was introduced for the first time in India in the year 1994, when only 3 services were made taxable. Its scope and coverage were constantly expanded, and by 2012, 117 services were brought under the tax net. Thereafter, the positive list regime was replaced by the negative list regime, where all services except those specified were made taxable. The present rate of service tax is 15%. The concept of CENVAT is also present in the present regime of service tax, which lowers / eliminates the cascading effect. The present scheme of CENVAT combines the credit in respect of Excise and Service Tax, thereby enabling cross-utilization. For detailed understanding of Service Tax, following pages may be visited: Service Tax Referencer Service Tax Presentations New Jurisdictions Krishi Kalyan Cess & Swachh Bharat Cess Analysis Budget 2016 Service Tax Articles Service-wise Implications Tax News Updates Service Tax - GST in India – Goods and Services Tax in India Sales Tax - VAT - GST in India – Goods and Services Tax in India Sales Tax Sales tax in India is a state levy. The VAT mechanism was introduced in Sales Tax in the year 2005. Other levies Various other levies such as luxury tax, entertainment tax, stamp duty and entry tax exist presently which make the system complex. Luxury Tax - GST in India – Goods and Services Tax in India Problems in the Present Structure The present system of indirect structure is marked with the following problems: Multiplicity of Taxes Presently, there are a number of taxes, some of which are levied by the Centre, others being levied by States. This multiplicity makes it complex to comprehend the law. Cascading Effect The present system has various instances where a tax is levied on tax, thereby resulting in cascading effect. For example, VAT is levied on the value of goods inclusive of Excise. Non-Availability of Cross-Credit There is non-availability of credit across different laws in most of the cases, especially between the Central and State levies. For example, credit of VAT is not available against central excise or service tax and vice-versa. Similarly, credit of CST is not available against VAT. Double Taxation Interpretational issues among the various levies result in double taxation in certain industries. For example, overlapping of the definition of goods and services is seen in case of restaurants. Hence, it is doubly taxed as VAT and service tax both are levied. Multiple Compliances Presently, different laws exist for different levies. Therefore, compliances have also been prescribed separately for each. This makes it difficult to meet the compliance and payment deadlines, and makes it difficult to focus on core business activities. Further, different records have to be maintained for each Authority. Proposed System of GST in India Various models of GST are followed across the world. India, being federal in its structure, needs to maintain the fiscal autonomy of the States. Therefore, concurrent dual GST has been recommended for India by the Empowered Committee. This means that the GST will have two components, one levied by the Centre (CGST), the other levied by States (SGST). Both such taxes will be levied concurrently all supply of goods and/or services. However, inter-state supply of goods and services will attract Integrated GST (IGST) in lieu of CGST and SGST. Input tax paid would be set-off against the output duty liability in the prescribed manner. This would ensure seamless flow of credit and minimized cascading. Benefits of GST in India GST regime is expected to bring in the following benefits: Simplification As GST consolidates a number of taxes, it will result in significant simplification. The interpretational issues such as overlapping of the definition of goods and services, multiplicity of definitions etc. will be minimized. Further, compliances will be integrated. A simple and efficient Portal is being developed to ensure that most of the compliances are done electronically over this Portal. Common market The distortions in the taxation structures of different States hinder the development of India as a common market due to the existence of an unhealthy competition among the tax rates of different states. Introduction of GST will project the image of India as a unified market, and the distortions in tax implications of doing business in different States will be minimized. Cheaper goods Seamless flow of credit, lower cascading effect, removal of double taxation and availability of cross-credit are expected to lower the cost of production, which will in turn lead to reduction in prices if the benefit of reduced costs is passed on to the consumers. Boost to GDP growth Introduction of GST is expected to give a boost to business and attract foreign investments. This will in turn give a boost to the growth rate of GDP in India. Simplified administration A single tax in replacement of multiple levies will significantly bring down the costs and efforts spent by the concerned Governments in administration. GST so far in India The journey of GST so far has been presented in the GST Timeline. The Constitutional Amendment Act has been passed. Thereafter, GST Council also has been formed, which is in the process of discussing various aspects of GST in India such as GST rates, exemptions, etc. The GST bills are expected to be presented in the Parliament in the winter session. For the details of form and manner in which GST will be issued, various laws, reports and guidelines have been issued by the Government. GST Portal www.gst.gov.in has been made live for migration of existing assessees. Understanding GST For enhancing the understanding of GST in India, following pages may be visited: Current vs Proposed Regime of Indirect Taxes in India Structure of GST in India and its governing laws Understanding the proposed GST law What is taxable in GST? At what rate shall goods and services be taxable under GST? Who shall be liable to pay GST? When shall GST be paid? What shall be the place of supply? Valuation of supplies Registration under GST Payment of tax under GST Returns under GST law Fees, penalties and prosecution under the GST Law Demands and Recovery For other aspects of GST in India, following pages may be visited: GST Timeline GST Presentations GST Referencer GST Laws, Reports and Guidelines GST FAQ’s GST Articles GST Industry-wise Implications GST News Video Lectures

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Category: Business & Economy: Marketing and Advertising

Leading virtual assistant company in India that renders cheap virtual assistant services with personal assistant & virtual office assistant. Trusted!

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Category: Arts & Humanities: News and Media

Swadesh Bangla is online bangla news portal in Bangladesh, The Most Read Bangla Online News, Brings You Latest Bangla News Online.

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Category: Arts & Humanities: News and Media

Amr Bangla is a 24/7 online news portal in Bangladesh, Brings you the bangla latest news in no matter of time online.

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Category: Arts & Humanities: Job and Employment Resources

Gulflancer is an online recruitment platform to connect job seekers and employers looking for the perfect fit. The portal provides career opportunities to job seekers wherein they can browse through job openings and apply from the comforts of home.

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Category: Arts & Humanities: News and Media

Swadesh Bangla is online bangla news portal in Bangladesh, The Most Read Bangla Online News, Brings You Latest Bangla News Online.

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Category: Arts & Humanities: News and Media

Amr Bangla is a 24/7 online news portal in Bangladesh, Brings you the bangla latest news in no matter of time online.

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Category: Arts & Humanities: News and Media

We provide you with the latest breaking news and videos straight from the entertainment industry.

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Category: Computers & Internet: Magazines

This is a list of magazines in the world by country/continent wise and Category wise. The largest database of online magazines from around the world. At present the site provides links to all magazines in the world.

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Category: News & Media

Sports, Sports News, Streaming TV, IP TV, NFL, NHL, Rugby, NBA, Boxing, UFC, MMA, UFC Fight Night, Soccer, EPL, UEFA Live Coverage

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Category: Business & Economy

Tendernews provides information on all Rwanda Tenders, Rwanda project information, Rwanda Tenders Notices, Rwanda Tenders News, Rwanda business opportunities, Rwanda procurement notices, Rwanda Tender News Information, Construction Tender Leads Rwanda, Rwanda Projects Proposals RFPs RFQs, Rwanda Public Tenders Projects procurement news, Rwanda Bid News

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Category: Business & Economy

Tendernews - Find Indian Government Tenders, Private Tenders, Bank Tenders, Tenders by City & State, Online Tenders. Tendernews tenders section provides latest published Tenders notice and information from India that includes all public tenders in India, private tenders, tenders by government, sector tender, Indian government tenders and Project Info. Subscribe to tender alert for latest Indian tenders online.

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Category: Recreation & Sports: Sports

Watch Super Bowl 2017 Live Super Bowl LI Live Streaming, Free, TV Online, Get complete updates on Super Bowl 2017 live, NFL Super Bowl 2017 live stream, Patriots vs Falcons live, Prediction, News Here.

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Category: Business & Economy: Services

Are you thinking about buying a new or useds car but don't know where to start? Or maybe you can't afford a new car and want to improve the one you have? If so, our website has some guidelines and tips on how to get started. You will get the latest information and news about latest cars in the automobile industry.

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Category: Business & Economy

Windflower resort is one of the best resorts in the outskirts of Bangalore. The hotel is best for a weekend break at Bangalore. The hotel offers banquets to host marriages, events and reception parties. Also, the hotel has different set up for a perfect corporate meeting. The Windflower provides the best accommodation in Bangalore. With 25 rooms to choose from, including Studio, Villas and Premium Villas, the resort offers the best stay. The rooms are facilitated with all latest technologies to keep you comfortable and updated with your usual programs and news related shows. Windflower Bangalore Resort and Spa offers the best services and is easily one of the best Resort Near Bangalore. A variety of food items are included in the cuisine to make it a mouth watering stay for you. The resort also has a bar to lounge in after a long and tiring day. The bar has the best beverages and offers a complete different experience. Windflower Bangalore is a gate-away from the busy streets and life of Bangalore to the outskirts of Bangalore in search of peace and calmness. This is the best resort located in the outskirts of Bangalore. The spa service in Bangalore is best offered at the Windflower.

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Category: Business & Economy

Tendernews provides information and facility of Delhi Tenders, Find relevant and latest tenders from New Delhi including Delhi Govt Tenders, Latest Tenders in Delhi, PWD Delhi Tenders, Open Invitation to Bid, Request for Proposal RFP, Request for Quotation RFQ, Expression of Interest EOI, eProcurement. Tendernews provides active Delhi Tender Procurement News of Infrastructure, PWD Tender Services and Online Delhi State Govt Tenders.

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Category: Health: Societies

Social Media KOCHAMY POLSKE brings together the news, trends and best practices around enterprise social and digital marketing. editorially independent website, we also ...

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Category: Business & Economy

Tendernews is the complete resource for the GLOBAL Entrepreneur Doing Business in the Europe America Africa Asia & Australia & looking for tenders/ contracts from worldwide govt. agencies. Tendernews Provides Hindustan Construction Company Tenders, Construction of RCC Bridges, Construction Tenders Lead Notification, Project Construction Tender Info, Civil Construction Tenders Procurement, Construction Tenders, Projects Construction Equipment, Building Construction Tenders, Projects of Construction Industry, Free Construction Material Tenders, Request for Proposal, Invitation to Bid, Expression of Interest, Government Tenders Bid Notification.

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