New Tax Provisions to bring Relief to GST Exemption for Small Business

The new financial year FY18-19 has begun with a staggering taxation regime implemented all over the nation. Completing more than over nine months of the roll-out, the Goods and Services Tax Act has brought almost every business under its umbrella. Until now, around 1.03 crore taxpayers registered under the newly implemented taxation regime in India. And making the compliance mechanism of the regime easier, the government is trying to make the businesses perform error-free taxation.

Although the biggest issue that arose in the recent past was of the refunds. The exporters in India had claimed the refunds but didn’t get any from the government’s end. Hence, the Central Board of Excise and Customs took the charge and released over INR 12,500 crore of refunds. And soon this issue got resolved, the government made some noticeable changes in the Goods and Services Tax Act marking the beginning of the new financial year. These changes will not only affect the business complying with the regime but also GST exemption for small business. Here are the major changes that government made in the taxation regime:

  1. The rule for salaried taxpayers– From now onwards, INR 40,000 will be deducted from all the salaried taxpayer’s income amount. Following the deduction, the calculation of the applicable tax would occur. Talking about the profit, the margin is kept INR 5,800 per year because as per the recent GST rule, the tax is applicable to both medical expenses as well as transport allowance. However, the government has been lenient about the decision for the deduction amount. It only increased the amount around INR 6,000 as earlier the deduction amount was INR 34,200.
  1. Hiked cess- The benefit of the taxpayer on the standard deduction might be used up as the government has increased the cess amount. The taxpayers would not have to bear the burden of cess charges of 4%. Earlier the charges were at 3%. In some cases, the tax liability of a taxpayer would increase after he adjusts the standard deduction and cess in the final amount. And also the paperwork required in the process would be least due to the removal of the bills to claim allowances.

 

  1. The relief for seniors- The senior citizens in India account for 9% of the entire populations that is almost 11 crore. And for obvious reasons the elderly section of society needs more attention and care than any other section. Thus the government has decided to increase the limit of exemption of annual income as per the rules of GST Exemption for Small Business from INR 10,000 to INR 50,000. Undoubtedly, this move of the government has made the post-retirement life of the elderly people easy.

 

  1. Re-arrival of long-term capital gains- In the financial year 2018-19 one more tax would be added as the government decides to re-include LTCG in the taxation. And also the effect of the regime will be felt instantly as the calculation of gains will be based on the price of the stock in January 2018. Interestingly, for the retail investors, the gains (only up to INR 1 lakh) will not be taxed.

 

  1. Reduction in the corporate tax- The government has also planned relief for the businesses paying corporate tax. As per the last year, the limit for the corporate tax was applicable to the companies having a turnover of INR 250 crore. And the percentage was fixed at 30%. Now with the new rules in the effect, the applicable corporate tax percentage is reduced from 30% to 25%. Until now the lower tax rate was applicable to the companies having an annual sale of INR 50 crore.

 Summarizing

Since the implementation of the Goods and Services Tax Act, the government has made hundreds of modification in the regime. Fortunately, most of these changes have worked well for the taxpayers of the nation. The government is leaving no stones unturned to make the regime simpler. Also, it is keeping a track on the evasion measures by implementing effective measures like e-way billing system. The pace in which the government is working for the simplification of the regime would result in the increased tax revenues post after few years.

How could Streamlining GST Regulations boost the Tax Collections?

Surprisingly, after the implementation of the Goods and Services Tax Act the revenue collection has been on quite a roller-coaster ride. When was the last time that you heard about an impressive rise in GST revenue collections? Due to multiple compliance issues, the revenues have also been suffering. On the other hand, the government denies all the blames for the fall in the revenue collections. Rather the government proposed that the decline in the revenue collections is temporary and it will increase further. But what will make that happen?

Facilitating MSMEs

Initially, the implementation of GST felt like the government cutting the ground from under the business’s feet, and especially the small ones. But soon after the government started making necessary changes in the regime, the registrants started pouring in large numbers. Although the people have been expecting the government to deliver the goods but getting the harsh thrashes of the complex GST regulations instead. However, the regime finally seems to be entering the stabilization phase.

  • The return forms will be made simpler, especially GSTR3B.
  • For the ease of the tax calculations, the tax percentages of 12% and 18% will be combined into one.
  • The nil-return filers to get relief from filing monthly returns. They’d file returns bi-annually instead.

As per the current collection records, the revenue for February dropped by a few thousand crores. Only 69% of the taxpayers filed returns. However, the collection for the month of January was INR 88,929 crores. And the reason that the collections dipped has everything to do with the current phase that the regime is in.

Steering towards simplification

The mismatch of the invoices and the incorrect tax liability has made the government take the control in order to:

  • Identify the main cause of such a big blunder.
  • Implement pertinent measures to overcome the loss.

After few frequent checks, the reason behind the reduced collections turned out to be the complexity and unawareness. Previously, the taxpayers were required to file returns thrice in a month and 37 times in an entire financial year. And as India GST regulations are complex, the multiplicity of the return filing and taxes made the businesses suffer and ultimately the revenue collections.

Such difficulties in the Goods and Services Tax Act ruled-out the possibility of on-time ITC claims credit to the businesses. In addition to the input tax credit, more than INR 150 crores of ITC claims are pending with the government. The dilemma of the exporters of being helpless in doing business due to the lack of the capital, made Central Board of Excise and Customs (CBEC) evaluate claims manually.

Above all

It has become a commercial reality that the businesses are highly getting involved in making fake entries for the sales and purchases. Such kind of tax evasion will shrink the revenue allowance for the sectors like infrastructure, health, education etc. The government would have to put out all stops to end evasion practices and ensure a healthy taxation in India.

An overview about pancreatic cancer

What is pancreatic cancer? It is a cancer of the pancreas that is situated near the liver. This does help to maintain digestion along with sugar levels in the body. It has to be stated that pancreas is a small organ which would be a lot difficult to locate. Despite being small in size it has a big role to play in our body. It has to be understood that a pancreatic tumor does not get detected till the final stage. Since it is located in such a place that it could be a lot tricky for the other organs in our body. Cancer that does arise in this part of the body is known as pancreatic cancer. Cancer that doe’s take place in these cells goes by the name of cell cancer. Some of the common symptoms associated with pancreatic cancer are

  • The pain does start to take place in the stomach and then moves on to the back area
  • Weight loss in an unexpected manner
  • Nausea and diabetes

How the cancer is diagnosed

Most often than not the doctor is likely to perform numerous procedures and the following are generally undertaken

  • Physical exam- the doctor is likely to perform an exam of the ears and eyes with regards to jaundice. Sometimes the doctor also goes on to check the pancreas or the liver
  • Lab tests- the doctor is likely to take samples of urine or blood that is going to check bilirubin or other substances. When higher levels of this substance is found it could lead to cancer
  • Ultrasound- the doctor is likely to perform this procedure with interior or exterior devices

Smoking habits, genetic, or aging are some of the risk factors associated with pancreatic cancer.

How is pancreatic cancer being treated?

First and foremost chemotherapy is the treatment that is administered that prevents the growth of cancer cells. It kills the cells and does prevent them from emerging as well. The way it is provided does depend upon the type and stage of cancer which one finds them at.

Now we come to a radiation therapy where high power radiation cells are being used to kill cancer cells. It has to be stated that there are a couple of radiation therapy measures. When it is external radiation a machine is used outside of the body where radiation is directed towards cancer.

Follow up procedures are a vital clog in the wheel as far as treatment is concerned. It is done to figure out whether cancer has returned or in an advanced stage. Some of the methods which are being used to detect cancer are also being used to decrease the symptoms. This is going to include X rays and CT scans. The treatment would need to cover the ongoing treatment procedures.

Pancreatic cancer treatment in India is among the top draw. The reason for it is that the quality of treatment along with hospitals in this part of the world are of the top draw.

Ways to surprise your wife on her birthday

Is your wife’s birthday just round the corner?  Does she really love surprises? Well, if you want to give your wife a lovely surprise on her birthday then you will have to have it planned from days beforehand so that you can execute it successfully.

What a lot of people have problems with is coming up with an idea to surprise their wife with. Well, if you too are looking for some inspiration which will help to make sure that you can gift your wife the perfect birthday surprise, then here are some awesome ideas to refer to:

  1. You can always opt for the old is gold option, literally. If you want you can save up some money and gift your wife something gold or with diamonds like a ring, a pair of earrings or even a diamond necklace on her birthday. If you wife loves trinkets and appreciates gold or diamond then this is the best option to go for. However stay away from it if your pocket does not permit it. If you want you can opt for something cheaper by getting her something in silver.
  2. There is always a beauty in simplicity when done right. If you cannot be with your wife on her birthday that does not mean that you cannot surprise her! You can always opt for online flower delivery in jalandhar and have it delivered to her on her special day in the morning. This will surely put a big smile on her face on the start of her birthday and she will have something really special to hold on to for the rest of the day. A little token of surprise even in absence can go a long way in showing how much you care for her.
  3. Surprise birthday parties never grow old. It requires a lot of planning and you have to make sure that you plan it with help from her friends and family. You can host it at home or at any other place depending upon what is convenient for you. All you have to do is make sure that when you plan, your wife should not get inkling of what is going on; otherwise, it will never be a surprise for her. Plan it with caution and make sure you opt for food that she likes.
  4. You can always surprise her with a midnight cake. You can get the cake beforehand and take it out right when the clock strikes 12 or you if you do not have a cake, get the thing that she likes the most and ask her to cut it- it can be a chocolate biscuit to a pizza slice.
  5. Take a leave from work if you can on her special day. Call her office too if you want and spend the entire day at home with each other or go out and enjoy the time with her. Take her out on date on her birthday.

So, these are some great ideas to surprise your wife with on her birthday. Keep creative and go for it!

Ideal Ways to Celebrate a Birthday Party

The birthday celebration is indeed fun for kids. But parents feel anxious about planning for a party to satisfy the kid and in parallel make sure to keep a check on the budget. You can give lavish parties within your budget. The only thing required is a little planning and some common sense. Borrow the ideas from this article and throw a fantastic party on your kid’s birthday.

 Useful Tips To Mark the Birthday A Memorable One 

  1. Plan – You will know the birth date of your kid always, and there is no confirmation awaited like a marriage date. So you must start planning to avoid any last minute rush. You will undoubtedly spend more when you do it at the eleventh hour. Look for birthday party place, cakes, gifts, etc. all in advance, and you can even buy return gifts during sale season to keep them ready.
  2. Cakes – Cake is the center of attraction on a birthday. You cannot compromise on the cake and do not try a DIY until and unless you’re a professional cake maker. Even the best cake maker can try ordering cakes from shop to have more variety and different flavors. In fact, these days the cake makers have become great inventors in tweaking several things in making cakes. Online eggless cake delivery in Jaipur is for your taste buds to enjoy the best cake without eggs.
  3. Cost-effective celebration – Birthday event cannot pass by without cakes is agreed. But that does not mean you cannot celebrate it within your budget. Be wise and opt for cost-effective yet quality ways to celebrate. For instance, think about adding helium balloons to boost the grace to the party decoration, and helium balloons delivery in Jaipur is available. You can directly place an order online. Check for online stores and compare the price to get the best deal. Go for DIY gifts, and that will help your budget. Involve kids in making the return gifts, and that will add value to their morale. You can also think of throwing a dual party along with your friend’s kid if you think it will work.
  4. Go Digital – Embrace the advancement in technology and stop putting efforts like sending a postal invite. It not only cost you but also takes a toll on your time. You get mail online invites with RSVP and plan food accordingly. Apart from sending invites digitally, you can also check with your photo freak friend to shoot the event on the digital camera. The quality is at par with the photos taken on the professional cameras these days. You must proactively keep an eye on every year improve the events in your kids birthday. 

The four tips are simple but think through if you have ever thought about them. You don’t find the time and always run around to make the birthday arrangement. But, now you can get inspired by these tips and spend some time to prevent spending more money. You need not be calculating the money to pay for the kid but when you get it at a better rate, then why not make use of it.

BEST WEIGHT LOSS PRODUCTS 2018

WHAT IS WHOLE FRUIT GARCINIA CAMBOGIA?

Whole Fruit Garcinia Cambogia is a weight lose supplement that upgrades the level of energy and powers you to turn out with harder workout each time. Spending more hours inside the exercise center is truly turned out to be simple for you as the supplement support the body capacity and balances the body perfectly with the goal that the level of circulatory strain and cholesterol can be managed regarding keeping the procedure solid and powerful. The valuable energy is produced from the body is because of the utilization of natural components that additionally comes with hydroxycitric acid that changes those fatty layers into dynamic cells for better muscle development.

By consuming this Whole Fruit Garcinia Cambogia you can get the desired weight loss results within few days.

Advantages of utilizing Whole Fruit Garcinia Cambogia

  • Enhance metabolic capacity
  • Expands the level of energy
  • Keeps you active
  • Decreases tensions and stress
  • Burns resolute fats effectively
  • Produced using natural fruit extricate
  • Give quicker outcome keeping the correct shape
  • Encourages you to keep up enthusiastic adjust

How does Whole Fruit Garcinia Cambogia work?

Whole Fruit Garcinia Cambogia can take to the level of flawlessness by cutting those fats into active cells which thusly support energy to keep the performing level in higher side. Muscle building and increase in stamina can be the reason for achieving that perfect shape. Garcinia Cambogia is known for keeping the body healthy and light.

Tone 360 Garcinia Reviews

Tone 360 is a weight lose supplement that is produced using Garcinia Cambogia and a few other normal components that revive the brain and pushes you towards meeting the ideal shape and size. Antioxidants and green tea alongside the hydroxycitric acid gives you a superior body shape with no substantial damage.

 Attractive body capacity and better shape are currently simple to accomplish by utilizing this supplement.

Advantages of utilizing Tone 360 Garcinia Consume fats in speedier rate

  • Expands the level of energy
  • Keeps you well- fit and sized
  • Improves the body functions
  • Enhance successful metabolic capacity
  • Raises the serotonin level naturally
  • Prevents the over fat development
  • Reduces the hunger in a healthy way

How does Tone 360 South Africa work?

Tone 360  works successfully with the fat consuming procedure and enhances metabolic capacity in such a way, to the point that the food you allow get effortlessly processed and all the nutritious components goes into the prosperity of muscle development and rest of the body work. Streaming of energy and controlling your brain to avoid enthusiastic dietary pattern makes the procedure workable as far as accomplishing a more prominent physical make-up. One can put the best efforts in performing physical assignments and get a slimmer body inside couple of weeks after the consistent utilization of this supplement once early in the day and again during the evening in the wake of completing your supper. The motivation behind utilizing this fat reducer is to keep up solid body without respecting any damage.

Things That Keep You From Getting Life Insurance

Life insurance is a fundamental financial need to secure your most imperative resource: you. On the off chance that you bite the dust, your family not just loses a friend or family member, it likewise loses a wellspring of salary, however holds the majority of the bills and obligations to pay.

Individuals don’t get life insurance for an assortment of reasons. Some essentially would prefer not to consider demise. Some stress that they are uninsurable in light of their wellbeing or lifestyle. None of these reasons, nonetheless, ought to keep you from being protected. Life insurance is one of the key individual hazard administration weapons in your stockpile and you should make its best utilization. Here are four normal reasons individuals give for not making a difference for life insurance.

A Pre-Existing Condition

You may have a medical condition that you think will bar you from scope. In the event that you have a fatal sickness, this will quite often be valid. For different conditions that can in any case result in a long life, many guarantors will at present expand scope at higher rates. For whatever length of time that you completely reveal the condition and the restorative treatment you get for it, you might have the capacity to get life insurance. For bigger arrangements, guarantors regularly depend without anyone else lab tests and an assessment of existing restorative records to ensure you are generally solid.

Obesity

Obesity will quite often increment your premiums, yet much of the time it won’t bar you from scope. Obesity is a potential hidden factor in many sicknesses, for example, hypertension and diabetes. Therefore, you will be viewed as a more serious hazard than somebody who is inside their prescribed weight for stature rules. To spare cash on your insurance arrangement, endeavor to lose a portion of the weight before applying for scope. Solicit your insurance specialist ahead from time at what weight the premiums change so you have an objective to shoot for. You additionally might have the capacity to get your insurance company to re-guarantee your approach after the primary year on the off chance that you lose a lot of weight after your arrangement beginning.

Cost

A substantial face-esteem life insurance arrangement – on the off chance that you are not healthy – could cost several dollars per month. Be that as it may, you can tailor the sort and measure of insurance to your financial plan. Decide the measure of insurance you have to pay the bills for no less than two years in addition to pay off your home loan or some other obligation. That ought to be your base scope. Term life insurance is more cheap than entire life and it gives you no nonsense scope for a set number of years. Having some life insurance is superior to having no life insurance. You can build your scope later on as your financial plan permits.

Too Many Choices

Purchasing life insurance can be a baffling and befuddling process. Each insurance supplier and each arrangement is extraordinary. Try not to let this prevent you from delving in and getting the correct insurance for you. There are two primary kinds of life insurance: term and entire life. Term insurance gives you life insurance scope without any chimes or shrieks for a settled rate for a characterized timeframe. Toward the finish of the term, another rate is advertised. The time allotment matters as insurance turns out to be more costly as you get more seasoned. Entire life insurance offers a venture segment that you can get against or pull back later on.

The Bottom Line

As a result of the requirement for a little fundamental realizing when acquiring life insurance, many customers put it off. Life insurance is an imperative piece of your own hazard administration, in any case, and it is justified, despite all the trouble to bounce in, get instructed, and get guaranteed. Many obstructions that individuals accept will shield them from purchasing insurance are, truth be told, ready to be overwhelmed with the assistance of an accomplished life insurance company.

Eligibility Criteria for the Students Who Want to Study in Poland

The first requirement for enrolling in Foreign University is to possess a graduate degree.

In the second step, you need to legalize your stay in Poland for the tenure required for pursuing studies. Then the other major concern is your health and safety. Finally, depending on the language you wish to study in (Polish, German, French), you need to submit a certificate confirming your knowledge at a proficient level.

Education

If you have cleared the International Baccalaureate or European Baccalaureate exams, you can apply for undergraduate studies in any of the Polish University. If, however, you possess an equivalent qualification from your home country, then it is necessary to legally recognized it at one of the Polish diplomatic outposts or other appropriate institution.

 Legalization implies certifying that your diploma is as per the law of the country in which it was issued in. In the next step, you have to verify it with the Polish law. The process of granting recognition to a degree from a foreign university is called nostrification.

Now we move on to Postgraduate courses. In order to be accepted for the postgraduate studies, you need to submit undergraduate diploma from a Polish institution or an overseas equivalent that is also recognized in Poland. You have to present nostrification of your foreign diploma to a Polish University by the end of the first term. If you are not sure how to do that, please contact our agent. They will give you all the information required.

Student Visa

The procedures for getting student visa may vary depending on the country you hail from. However, some of the requirements are common to all the countries and they include:

  • Valid passport
  • A filled-in visa application form
  • A short CV
  • A photo
  • Health insurance
  • Your school certificates and diplomas
  • You need to provide Evidence of proficiency in the language in which you wish to study in Poland (German, French or other languages)
  • You have to prove by your liquid assets that you have sufficient funds for studying and living in Poland

Stay permit

If you want to study in Poland, you have to legalize your stay in territory of the Republic of Poland. If you are a citizen of European Union (EU) and you desire to stay longer than three months in Poland, you need to register your stay in the country. If, however, you are a non-EU citizen, you need to obtain a visa at a Polish consulate in your home country before you arrive in Poland. Once you are in Poland, to prolong your stay, you need to apply for a Temporary Stay Card at least 45 days before your visa expires.

This article is useful for all those who want to Study in Poland. If you want any help and information regarding the admission and immigration procedure, you can contact ISA Migrations for it.

Tips for Moving with Pets

Moving with pets is a hard thing to do, but many families do not want to leave without them. This is why keeping them calm during the transition can be an ideal way to go. Use these tips to make the move easier not only on you but also on the pets that you’re moving along with you.

The pets that you have do not know what is happening, so it is best to keep them calm during this transition. Try to keep yourself calm, as this can only make their stress worse and you’re unable to calm them down or explain the situation and what is happening to them, as they are pets.

Moving Somewhat Close

If you’re moving somewhere close by the old home, then you can easily move them over. However, if you’re worried about them getting out or causing trouble while moving items inside the home then you’re going to want to ask someone to watch them while you do the move.

You can provide them with their items and the pets. This is a great way to get them out of the house but put them in a low key, calm area until you’re able to go and get them and bring them to the new home. You want to make sure that they’re comfortable while all of the hectic stuff is being done. Plus, it also ensures that they’re safe during the move.

 Going on a Long Distance Move

If you’re going on a long distance move, then there is not much that can be done to keep them out of the way. The best way to go about this is to bring their cages or crates with you on the journey. You want to have a bag of their items, food, snacks and other things packed and brought with you for the move. This will ensure that you have all of their items for the journey and you do not have to dig for any of them or stop for anything.

If you are going to be staying in hotel rooms along the way, then you want to make sure that they accept pets within them. This means mapping out the hotels prior to going on the journey. Knowing who does and does not accept pets can help you decide where to stop.

Take the time to get your pets ready for this move. Whether it is a long one or a short one, you want to make sure that the pets and you are prepared for the move you’re all about to embark on. Even though your pets are nervous, they will enjoy the move once it is over.

Speak with a moving company today to find out more regarding the moving services they provide you with. You want to make sure that you’re hiring the right one for the job. Work with the one that provides you with the most help and is ideal for the unique moving situation you’re undergoing. You can then feel confident hiring them and knowing they can handle the move completely.

Earning the Benefits after Completing M.Tech in India

Master of Technology (M.Tech) is the most reputed degree course taken by engineers after completing B.Tech. This advanced level of course, gives the real scenario about the changing structure of IT industry. In short, it is an extension of engineer’s graduation education, providing better opportunity for students for getting practical implementation of knowledge. There are many top universities in India offering M. Tech course for students. IIMT University in Meerut is among the top universities in UP and other states offering quality technical education for students studying from UP state. This private university inculcates innovation, R&D, and socio-economic changes that does matter in today’s education for students.

At IIMT University, students undertaking M.Tech are trained in both practical and theoretical ways to gain better exposure to the field. Students undergo various coursework integrated with curricular concepts and professional leadership. This makes IIMT top ten university in UP and other parts of India and has attracted students from across India to seek admission. M.Tech students after completing the course, can have a positive career ahead.

Benefits of Earning M.Tech Degree:

One of the major benefits of earning M.Tech degree is multiple job avenues in India and overseas. The demand for engineers having masters has increased in recent time due to the increase in globalization and IT industry. From a managerial role to professional engineering, M.Tech from reputed institute like IIMT and other will certainly create good job opportunities.

  • M.Tech degree enhances professional qualification and helps in building strong social IT networks. This further gives a route to better job opportunities.
  • Individual can shift to managerial role after gaining experience in technical field

Different Areas of Opportunities:

There are number of career opportunities for M.Tech student. With every small, medium and large size companies are looking for skilled engineers, the opportunities are growing. Following below are some of the opportunities for M.Tech students:

  • Corporate Sector: Many IT companies look for fresher M.Tech students offering a great package. From L&T to TCS, there are many top companies come up with new opportunities for students.
  • Research & Development: Manufacturing and Food processing companies look for M.Tech fresher for R&D department.

One can also take up the teaching profession because many universities and college offer jobs for M.Tech freshers to work as a lecturer in the same subject.

Pursuing M.Tech:

If you’re looking to pursue M.Tech in any top universities in UP or any other state, then IIMT is the best option to go for. The two year course is undertaken on Merit Basis and GD/PI methods.

Admission at Glance:

Student applying for M.Tech course, need to undergo the respective entrance exam. The common and national level engineering exam is GATE (Graduate Aptitude Test in Engineering) which primarily tests the comprehensive knowledge of the field. Private institutes seek application on the basis GATE score. In fact, GATE qualified student is applicable to earn high package in government and private sector job.

Conclusion:

To conclude this part, students pursuing M.Tech from any of the top ten university in UP or any other part of India, can expert a postive career route ahead.