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Sunday, December 10, 2017
Monday, November 13, 2017
neltas online admission for all standard
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Tuesday, June 6, 2017
Arrest Provision under GST
*GST and ARREST PROVISIONS*
The arrested person will be informed about the grounds of his arrest in writing. He will be produced before the magistrate within 24 hours in case of cognizable offence. In case of non cognizable offence he will be released on bail immediately after the arrest.
Offences u/s 132 where arrest provisions become applicable are:-
1. A person supplies any goods/services without any invoice or issues a false invoice with a intention to evade Tax.
2. He issues any invoice or bill without supply of goods/services in violation of the provisions of GST leading to wrongful availment or utilization of input credit or refund of Tax.
3. Avail input credit on the bills or invoices on which there will no supply of Goods and Services as mentioned in Para -2.
4. He collects any GST but does not submit it to the government within 3 months. All these cases are related to evasion of Tax.
Monday, June 5, 2017
STATE BOARD MH SSC result 2018-19
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Sunday, May 21, 2017
GST Real winners and losers
Automobiles
1. All automobile except tractor (12%) will attract a rate of 28% as opposed to current CST and NCCD of 28%-31%.
2. SUV may drop by 6-10%.
3. Luxury cars to be cheaper at a rate of 43% against the current rate of 55%.
Stocks to watch: Maruti, Eicher Motors, Hero Moto, Bajaj Auto and TVS Motor.
“ The tractor makers were amongst the handful, lobbying for being taxed under GST given the loss on account of excise duty and service tax credits on most of its procurements.”
Amit Sarkar, Partner & Head, Indirect Tax, BDO India
Cigrattes
1. Along with GST rate at 28%, the effective tax would be around 55-60%.
2. Wide range of tax rates prevalent in different states are to be removed.
Stocks to watch: ITC, VST and Godfrey Phillips
White goods
1. ACs, refrigerators and water heaters would attract a higher tax rate.
2. Lower tax to be applied on cookers.
3. Tax slab for sanitary ware, faucets and tiles would be higher at 28% from 18-14%
Stocks to watch: Blue Star, Voltas, Havells, Whirlpool, V-guard, TTK, Prestige, Cera, HSIL, Kajaria and Somany.
Fast-moving consumer goods (FMCG)
1. Soaps, toothpaste, hair oil and malted beverages price is likely to fall by 5-6%
2. Detergent, shampoo, skin cream, chocolate prices may go up.
Stocks to watch: Colgate, Pidilite, Godrej Consumer, HUL, Dabur, Nestle, Varun Beverages and Britannia
Paints
To attract a rate of 28% as opposed to current rate of 24-25%.
Stocks to watch: Asian Paints, Berger, Shalimar, Kansai Nerolac and Akzo Nobel.
Metals and Mining
1. Duty on coal would be reduced to 5% from the current 12% rate.
Lower prices to attract power producers away from imported coal.
2. Lower tax on metal ore.
Stocks to watch: Coal India, GMDC, JSW Steel, Tata Steel, Hindalco and Vedanta
Telecom and financial services
GST rate of 18% for the telecom may appear higher as against the current service tax rate of 15%.
However, these sectors are likely to derive substantial benefits on the input credit front given the eligibility of credit on the goods, which was not the case under the current regime.
Stocks to watch: Bharti Airtel, Idea, Reliance Communications
Monday, May 15, 2017
Massive Ransomeware attack 2017-18
Massive Ransomeware attack...Total 74 countries affected...Please do not open any email which has attachments with tasksche.exe. file... Pl spread across all possible groups and branches... Not to open email attachments from unknown sources and update AV patch urgently or implement Sophos InterceptX.
Don't open any shopping carts today Stay tunned with latest news for updates...Also keep antivirus ON and do not operate bank n shopin sites or pay utility through mobile hold on for today before doin nythin.....Also avoid using ATM unless very urgent....
ATM 's will be close for next 2-3 days probably, due to ransomeware cyber-attack within India. Don't do any online transactions today. Please inform all contacts from your list not to open a video called the "Dance of the Hillary". It is a virus that formats your mobile. Beware it is very dangerous. They announced it today on BBC radio. Kindly share.
Sunday, May 14, 2017
18-year-old from Tamil Nadu designs world's lightest satellite
MUMBAI: Eighteen-year-old Rifath Sharook, belonging to a comparatively unknown town of Pallapatti in Tamil Nadu, is all set to break a global space record by launching the lightest satellite in the world, weighing a mere 64 grams.
The satellite, called KalamSat, will be launched by a NASA sounding rocket on June 21 from Wallops Island, a NASA facility. This will be the first time an Indian student's experiment will be flown by NASA.
it will be a sub-orbital flight and post-launch, the mission span will be 240 minutes and the tiny satellite will operate for 12 minutes in a micro-gravity environment of space. "The main role of the satellite will be to demonstrate the performance of 3-D printed carbon fibre," he explained. He said the satellite was selected through a competition called 'Cubes in Space', jointly organised by NASA and a organisation called 'I Doodle Learning'.
The main challenge was to design an experiment to be flown to space which will fit into a four-metre cube weighing exactly 64 grams. "We did a lot of research on different cube satellites all over the world and found ours was the lightest," he said. Rifath said the satellite is made mainly of reinforced carbon fibre polymer. "We obtained some of the components from abroad and some are indigenous