#Customs and Central Excise

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On January 15th 1973, Neil M Gunn, author of The Silver Darlings and many other books and short stories, died.

Gunn was born in the Caithness village of Dunbeath on November 8th 1891, his father was the captain of a herring boat, and Gunn's fascination with the sea and the courage of fishermen can be traced directly back to his childhood memories of his father's work. His mother would also provide Gunn with a crucial model for the types of steadfast, earthy, and tradition-bearing women that would populate many of his works.

He came from a big family with eight siblings, and when his primary schooling was completed in 1904, he moved south to live with his older sister Mary and her husband Dr. Keiller, the local GP at Kenbank in St John's Town of Dalry, Kirkcudbrightshire. He continued his education there with tutors including the local schoolmaster, and the writer and poet J.G.Carter "Theodore Mayne".

Gunn’s adult life began with him working in the Civil Service in London and Edinburgh before returning to the live and work in the Highlands, his first novel, The Grey Coast, was published in 1926, but it wasn’t until 1937 and the success of Highland River, which won the James Tait Black Memorial Prize, that he was able to give up his job with Customs and Excise to write full-time.

Highland River marked the end of a trilogy of novels exploring the history of the Highlands, following Sun Circle and Butcher’s Broom. The following year Gunn sold his house in Inverness and bought a twenty-seven foot motor boat, The Thistle, and took his wife and brother on a three-month sailing cruise around the islands of Scotland. His final book was the autobiography The Atom of Delight, published in 1956. He wrote a number of essays, which have been collected into anthologies.

Gunn died in 1973, and a memorial sculpture, seen in the pic called, Kenn and the Salmon, was unveiled at Dunbeath Harbour in 1991. Kenn is the central figure in Gunn’s novel ‘Highland River’, carrying home the huge salmon he caught with his bare hands in the Well Pool beside the Telford Bridge over the Dunbeath River.

Pics include The Neil Gunn Monument & Viewpoint, Heights of Brae, Strathpeffer, Ross-shire,

[theexamly]

BCS Online Exam Practice | BCS Model Test | Live MCQ

Are you looking for the best way to prepare for the Bangladesh Civil Service (BCS) exam? Look no further! With our comprehensive BCS online exam practice and preparation program, you can get the edge you need to ace the BCS Exam. Our program provides you with the tools and resources you need to succeed, including live MCQ practice tests, study guides, model tests, and more. Get ready to take your BCS exam with confidence and start your journey toward a successful career in public service!

What is the BCS Exam?

The Bangladesh Public Service Commission (BPSC) administers the BCS Exam, a nationwide competitive public exam, to select applicants for various civil service posts in Bangladesh. There are 26 BCS cadres posts including BCS Admin, BCS Foreign Affairs, BCS Police, BCS Audit & Accounts, BCS Taxation, BCS Customs and Excise, and among others.

History of the BCS Exam 

The Bangladesh Civil Service Examination is modeled on the old Imperial Civil Service of the British Raj. The Imperial Civil Service, which existed in the Indian subcontinent during the British Raj between 1858 and 1947, was the top-level civil service of the British Empire. This is where the origins of civil service in this region can be traced back.

Following the 1947 partition, East Bengal was incorporated into Pakistan as a province and thus, Central Superior Services of Pakistan was instituted. This service later evolved to become Bangladesh Civil Service in 1971 after the country's independence. Through a decree issued by then-President Sheikh Mujibur Rahman, an act was passed. The Civil Services Exam of Bangladesh is renowned as one of the most challenging tests in the country.

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[pankajbansal89newspatrolling]

What is the difference between custom duty and excise duty?

BY: Pankaj Bansal , founder at newspatrolling.com

The key difference between customs duty and excise duty lies in the type of goods they apply to and the stage at which they are levied:

1. Customs Duty:

Definition: Customs duty is a tax imposed on goods when they are imported into or exported out of a country.

Applicability: It applies to goods crossing international borders.

Purpose: Its primary purposes are to regulate trade, protect domestic industries from foreign competition, and generate revenue for the government.

Types: It includes various sub-categories like import duty, export duty, and anti-dumping duty.

Example: If a company imports raw materials from another country, it may have to pay customs duty based on the value and category of the goods.

2. Excise Duty:

Definition: Excise duty is a tax levied on goods produced or manufactured within a country.

Applicability: It applies to goods produced for domestic consumption.

Purpose: The main purpose of excise duty is to raise revenue for the government and sometimes to control the consumption of certain goods (like tobacco and alcohol).

Types: It includes specific excise duties (on certain goods) and ad valorem excise duties (based on the value of goods).

Example: If a company manufactures cigarettes or alcohol within a country, it may have to pay excise duty on the products.

In summary:

Customs duty is applied to imported or exported goods.

Excise duty is applied to goods manufactured domestically for consumption within the country.

Customs Duty:

Legal Framework: Customs duties are governed by international trade agreements and the customs laws of the respective country. In India, for example, the Customs Act of 1962 and the Customs Tariff Act of 1975 regulate customs duties.

Types of Customs Duty:

Basic Customs Duty (BCD): This is the standard duty charged on goods that are imported or exported.

Countervailing Duty (CVD): Imposed to offset subsidies provided to foreign exporters by their governments, ensuring a level playing field for domestic industries.

Anti-Dumping Duty: Charged when goods are imported at a price lower than their normal value in the exporting country, preventing dumping practices.

Safeguard Duty: Imposed to protect domestic industries from a sudden surge in imports that could cause injury to the local market.

Social Welfare Surcharge: Additional duty imposed for social welfare purposes in some countries, like India.

Calculation of Customs Duty: Customs duty is calculated based on the assessable value or transaction value of goods, which includes the cost, insurance, and freight (CIF) of the goods. This is then multiplied by the applicable rate of customs duty to arrive at the final amount.

Importance: Customs duty serves as a protective measure for local industries, regulates the flow of goods, and generates revenue. Additionally, it helps regulate the movement of goods, including prohibited or restricted items like narcotics and arms.

Excise Duty:

Legal Framework: In most countries, excise duty is levied under the Central Excise Act. However, in India, since the introduction of the Goods and Services Tax (GST) in 2017, most excise duties were subsumed under GST. Excise duty still applies to certain goods, such as petroleum, alcohol, and tobacco.

Types of Excise Duty:

Basic Excise Duty: This is the standard excise duty imposed on all manufactured goods.

Special Excise Duty: Imposed in addition to basic excise duty on specific goods.

Additional Excise Duty: Charged in place of sales tax on certain commodities like tobacco products and textiles.

Calculation of Excise Duty: Excise duty can be calculated based on:

Specific duty: A fixed amount is charged per unit of goods (e.g., per liter, per kilogram).

Ad valorem duty: This is charged as a percentage of the value of the goods.

Importance: Excise duty helps raise government revenue and control the production and consumption of goods considered harmful or luxury items (like tobacco and alcohol). It can also be used to encourage or discourage the production of certain goods within a country.

Key Differences at a Glance:

Aspect

Customs Duty

Excise Duty

Applies to

Goods imported/exported

Goods manufactured domestically

Stage of Levy

When goods cross international borders

During production or manufacture

Scope

International trade

Domestic goods

Purpose

Protect local industries, regulate trade

Generate revenue, regulate consumption

Example

Import duty on cars from another country

Excise duty on domestically produced alcohol

Global and Domestic Implications:

Customs Duty: High customs duties can discourage imports, leading to protectionism. Lower customs duties, often a result of free trade agreements (FTAs), can promote international trade.

Excise Duty: Excise duties on products like cigarettes and alcohol are often increased to reduce consumption due to their health impacts. In developing countries, excise duties can also be a significant source of revenue.

Both customs and excise duties play a critical role in a country’s fiscal policy and its approach to regulating trade and production.

[bbai001]

Types of GST in India: An Ex Brief

The Goods and Services Tax is one of the many reforms the indirect tax structure of India has had to undergo. This combined various indirect levies the Centre and the State governments had been imposing on a taxpayer, thereby making taxation more straight-forward and facilitating better compliance by the business. But this cannot, certainly apply to India. GST in India is a composite sum of various kinds. There are 4 kinds of GST: Central GST, State GST, Integrated GST, and Union Territory GST. From this post, we will learn about the types of GST which are implemented in India. A GST Course in kolkata help you to gain your knowledge in this field.

Defination of GST:

The GST (Goods and Services Tax), is the name given to the unified tax over goods and services. It has obliterated many indirect taxes, such as Value Added Tax, Excise Duty, and Service Tax, to make the tax structure less complicated. It will be charged every step of the supply chain; therefore, the firms get the input tax credit of the amount paid as taxes while purchasing goods and services. It prevents double taxation and also brings greater transparency. In this regard, it does simplify the entire process of taxation and is much more efficient as compared to the old system of taxation.

Taxes Replaced Under GST:

GST was first launched in India when it replaced many indirect taxes. Some of the major taxes substituted by GST are as follows:

Central Taxes:

Central Excise Duty Additional Excise Duties Medicinal and Toilet Preparations (Excise Duties) Act, 1955 Countervailing Duty (CVD), additional import duty on subsidized products coming from other countries Special Additional Duty of Customs (SAD) Service Tax -Central Sales Tax (CST) -Central Surcharges and Cesses  

State Taxes:

Value Added Tax (VAT) Central Sales Tax (CST) on inter-state sales Purchase Tax Luxury Tax Entertainment Tax (except those levied by local authorities) Entry Tax (all types) Taxes on advertisement Taxes on lotteries, betting and gambling State Surcharges and Cesses

Other Taxes: Octroi Entry Tax, where leviable, not in lieu of Octroi

All such taxes were levied under GST system. Therefore, the government streamlined the tax structure, reduced the cascading effects of taxes and, in general, increased the efficiency and transparency in the tax system.

Types of GST in India

Central Goods and Services Tax (CGST)

Central goods and services tax is the charge of the central government for supply made intra-state within the country in regard to goods and services. In terms of intra-state supplies, both CGST and SGST are applicable, and revenues accrue only to the central government. The CGST rates in the entire country are uniform.

For example, consider a firm in Kolkata selling to another firm that is located in West Bengal also. In the said transaction, both CGST and SGST would come into play. Obviously, the central government would be receiving half of the money collected but half would go to the state government.

Why is it relevant? The CGST is essential for the knowledge of any individual pursuing a Tally Course in Kolkata or accounting person. Knowledge of the concepts of the CGST will enable businesses to determine proper compliance of the same at the state tax level without prospects of imposing fines or facing legal hassles .

State Goods and Services Tax (SGST)

SGST will be the corresponding rate of CGST, and this will be collected by the state government on all intra-state supplies. Though SGST and CGST would be simultaneously collected with each and every intra-state transaction, the revenue that is arising to SGST would be credited to the treasury of the state.

For example, if the West Bengal enterprise is supplying some commodities to other enterprise in the same state, then both SGST and CGST would be collected. But for the share of SGST, that needs to be accounted for is from the state government of West Bengal.

This has a very important aspect for professionals, as it imparts major knowledge regarding SGST, especially for those who are following a GST Course or any taxation course. Hence, it will ensure that professionals take care of state-level taxation of very importance to the business operation of a business house in a particular state.

Integrated Goods and Services Tax (IGST)

It is a tax levied whenever goods and services supplied from one state to another state, as well as imported into India from other countries. IGST or Integrated Goods and Services Tax is collected by the central government. It should be noted that CGST and SGST will not be charged on inter-state, only IGST will be charged.

IGST is paid if an industry in Kolkata is selling to another industry in Maharashtra. It is collected by the central government first and then divided between the central and state government on the basis of certain criteria.

Relevance for Businesses and Students: IGST is the main tax for any enterprise which carries out its business in interstate trades. To be aware of it is important for professionals and students pursuing an Accounting Course in Kolkata or any other course.

In the absence of correct IGST compliance, they may have to suffer a massive penalty in cross-border transactions .

Union Territory Goods and Services Tax (UTGST)

UTGST will be applied on all supplies of goods and services provided in the Union Territories of India that comprises of Andaman and Nicobar Islands, Lakshadweep, Chandigarh, Dadra and Nagar Haveli, Daman and Diu and Ladakh. Likewise in the case of SGST, UTGST shall be imposed in union territories minus that area wherein the Legislative Assembly exists, like in the cases of Delhi and Puducherry where SGST exists.

For instance, if commodities are supplied in any Union Territory like Chandigarh then CGST and UTGST would be effective simultaneously. The revenue of UTGST is accrued in the Union Territory.

Educational implication: The students studying taxation and GST in their taxation course in Kolkata would conclude that the UTGST have to be addressed as taxpayers in Union Territories face taxation problems.

Benefits of GST Implementation in India

A number of benefits have been reaped from the both for businesses and consumers due to the implementation of GST .

Ease in tax: The process of tax has become streamlined with the introduction of GST because several indirect taxes have been removed and it has really become very easy for businesses. Ease of Doing Business: GST has made doing business easier in India. It has eased cross-state transactions and created a predictable tax regime. Increased Revenue Effectiveness: The measure of revenue collection also rises, given that the process has become efficient, and tax evasion is minimal because of increasing tax compliance. Input Tax Credit: Input tax credit has enabled the businesses to claim input tax, which in turn reduces the total tax burden on the business and promotes transparency in the regime of tax.

Why is there is a need for Knowledge of GST for Aspiring Accountants?

While GST is of immense importance for the development of business, at the same time, knowledge is also very essential for the people who would plan to build their careers working in accounting and taxation. Knowledge in GST can help many acquire knowledge of several other career prospects for people who are interested in tax consulting, compliance, and accounting.

These GST and Tally courses benefit students as well as working professionals. The exposure achieved in such courses develops a broad knowledge about the process concerned with GST compliances, filing, and accounting of a student or professional.

Conclusion

There are four broad categories of GST operating in India today, namely: CGST, SGST, IGST, and UTGST. All these four forms of GST exist in the structure of indirect taxes today. What each one of them holds will be very fruitful for businessmen, as well as to all the accountants and tax practitioners. Learn more by attending a course in taxation in Kolkata or a GST Course in Kolkata and get ready to begin with a thriving accounting and taxation career.

[bstcoaching]

SSC Coaching in Shalimar Bagh: Your Gateway to Success with BST

In today's competitive world, securing a government job is a dream for many. The Staff Selection Commission (SSC) is a gateway to a plethora of government job opportunities. However, cracking the SSC exam requires not just dedication but also the right guidance. This is where professional coaching becomes crucial. For students in Shalimar Bagh, Delhi, Bharat Soft Tech offers SSC Coaching in Shalimar Bagh the perfect solution for aspiring candidates who want to succeed in SSC exams .

With our unique teaching methodologies and experienced faculty, we at Bharat Soft Tech help students excel in SSC exams by providing expert coaching and resources.

Why Choose Bharat Soft Tech for SSC Coaching in Shalimar Bagh?

1. Experienced and Dedicated Faculty

Our faculty at Bharat Soft Tech consists of subject-matter experts who have years of experience in teaching SSC aspirants. They ensure that students understand the concepts thoroughly and provide personalized guidance to each individual.

Expertise across subjects: We cover Quantitative Aptitude, Reasoning, General Awareness, and English with specialized faculty for each subject.

Doubt-solving sessions: We believe in clarity of concepts and offer dedicated doubt-clearing sessions to ensure no confusion is left unaddressed.

2. Comprehensive Study Material

At Bharat Soft Tech, students are provided with comprehensive and updated study materials that cover the entire SSC syllabus. Our material is meticulously prepared, focusing on:

Latest exam patterns

Frequently asked questions

Practice sets and mock tests

In-depth analysis of previous year’s question papers

3. Regular Mock Tests and Performance Tracking

Mock tests are an integral part of our SSC coaching program in Shalimar Bagh. We believe that consistent practice and performance tracking can significantly improve a student’s chances of success.

Weekly tests: Regular assessments to evaluate progress.

Detailed feedback: Performance analytics are provided after each test to identify strengths and weaknesses.

All India test series: We conduct mock tests on a national level so that students can compare their performance with others across the country.

4. Tailored Coaching for Different SSC Exams

Whether you’re aiming for SSC CGL, SSC CHSL, SSC MTS, or SSC GD, Bharat Soft Tech offers coaching specifically tailored to each exam. Our experts design distinct strategies for every exam type, ensuring that students focus on the most relevant topics for their particular exam.

5. Focus on Time Management and Accuracy

One of the key challenges SSC aspirants face is managing time during the exam. Our faculty emphasizes time management techniques and ensures that students can maximize their scores by improving their speed and accuracy.

Time-bound mock tests: Practicing under timed conditions to simulate the real exam experience.

Shortcuts and tricks: Our faculty teaches useful shortcuts and tricks, especially for Quantitative Aptitude and Reasoning sections, to help students save time during the exam.

The SSC Exams: A Stepping Stone to Government Jobs

SSC conducts various exams throughout the year, catering to a wide range of government positions. Let’s look at some of the popular SSC exams for which Bharat Soft Tech provides coaching in Shalimar Bagh:

1. SSC CGL (Combined Graduate Level)

SSC CGL is one of the most sought-after exams for graduates looking for government jobs. It opens up opportunities in various central government departments like Income Tax, Customs, and Excise, among others. Bharat Soft Tech provides intensive coaching for CGL aspirants, ensuring that they are well-prepared for every tier of the exam.

2. SSC CHSL (Combined Higher Secondary Level)

SSC CHSL is an entry-level exam for positions such as Data Entry Operator and Lower Division Clerk. Our coaching focuses on enhancing the basic skills of students, ensuring they can clear this exam with ease.

3. SSC MTS (Multi-Tasking Staff)

The SSC MTS exam is for non-technical staff roles in various central government offices. At Bharat Soft Tech, we offer focused coaching for SSC MTS, equipping students with the skills they need to ace the exam.

4. SSC GD (General Duty)

The SSC GD exam recruits candidates for paramilitary forces like BSF, CRPF, and CISF. Our faculty ensures that students not only clear the written exam but also excel in the physical test requirements.

Bharat Soft Tech’s Infrastructure and Facilities

At Bharat Soft Tech in Shalimar Bagh, we provide a student-friendly environment that enhances learning. Some of the highlights include:

1. Well-equipped Classrooms

Our classrooms are designed to be comfortable and conducive to learning. Equipped with modern teaching aids like projectors, interactive boards, and audiovisual systems, our classrooms foster an interactive learning experience.

2. Library and Study Material Access

We provide students with access to a well-stocked library containing all the reference books and study materials required for SSC preparation. Students can also avail themselves of soft copies of important materials.

3. Online Coaching Options

For students who prefer to study from home or have time constraints, Bharat Soft Tech offers online coaching options. Our online classes provide the same high-quality content, ensuring that students can prepare for SSC exams from the comfort of their homes.

The Importance of Location: SSC Coaching in Shalimar Bagh

Shalimar Bagh, situated in the heart of Delhi, is an ideal location for SSC aspirants. It is well-connected by road and metro, making it easily accessible from various parts of Delhi. Bharat Soft Tech’s SSC coaching center in Shalimar Bagh is a perfect choice for local students as well as those from nearby areas.

Nearby Metro Stations: Shalimar Bagh is close to multiple metro stations, ensuring students from other parts of the city can commute conveniently.

Student-friendly environment: The area is known for its quiet residential streets, which offer a peaceful study environment away from distractions.

Success Stories from Bharat Soft Tech

Over the years, Bharat Soft Tech has helped countless students crack SSC exams and secure prestigious government jobs. Our past students have excelled in various SSC exams, and their success stories are a testament to our high-quality coaching.

Here are a few testimonials from successful students:

“Bharat Soft Tech was instrumental in my SSC CGL preparation. The faculty was always there to help, and the mock tests gave me the confidence I needed!” – Ankit Kumar, SSC CGL 2023

“Thanks to Bharat Soft Tech’s structured coaching, I was able to clear the SSC CHSL exam on my first attempt. Their guidance was invaluable.” – Riya Gupta, SSC CHSL 2022

Enroll Now at Bharat Soft Tech in Shalimar Bagh!

Are you ready to kickstart your SSC preparation journey? Join Bharat Soft Tech in Shalimar Bagh today and give yourself the best chance to succeed. With our comprehensive coaching, personalized guidance, and result-oriented approach, we are here to help you achieve your government job dreams.

For more information, visit our coaching center or contact us online. Bharat Soft Tech is committed to your success!

Conclusion

When it comes to SSC Coaching in Shalimar Bagh, Bharat Soft Tech stands out for its experienced faculty, comprehensive study material, and a proven track record of success. Whether you’re preparing for SSC CGL, CHSL, MTS, or GD, we provide the right guidance and support to help you ace the exam. Enroll today and take the first step towards your dream government job!

[acquisory]

GST – A Brief Outlook

What is GST ?

The long awaited Goods and Services Tax has finally roll out on July 01 2017, ending a swerve of indirect taxes imposed by the Centre as well as respective States and Union Territories till now GST, the single tax rate for products and services will be applicable in any part of the country. The present 17 indirect taxes have been merged into one tax i.e. GST. The taxes that have been merged are — Central Excise duty, Duty of Excise (Medicinal and Toilet preparations), Additional Duties of Excise (Goods of Special Importance), Additional Duties of Excise (Textiles and Textile Products), Additional Duties of Customs (commonly known as CVD), Special Additional Duty of Customs (SAD), Service Tax, Cesses and surcharges insofar as they relate to supply of goods or services, State VAT, Central Sales Tax, Purchase Tax, Luxury Tax, Entry Tax (All forms), Entertainment Tax (except those levied by the local bodies), Taxes on advertisements, Taxes on lotteries, betting and gambling, State cesses and surcharges insofar as they relate to supply of goods or services.

The GST will have a big impact on the compliances for trade and industry sector. There will be seamless flow of credit across the value chain. Also there will be removal of cascading effect. The GST has been segregated as Central Goods and Service Tax (CGST), State Goods and Service Tax (SGST) and Integrated Goods and Service Tax (IGST). The prescribed GST rates shall be — 5%, 12%, 18% and 28%. The same has been defined as Destination based tax, the taxable event for GST is supply. It all depend where the supply of Goods or services has taken place and accordingly tax is being charged.

The government has also prescribed a threshold exemption limit — INR 20 lakhs & INR 10 lakhs��for special category States & North Eastern States. It’s a PAN based registration. The government has provided to deposit taxes by internet banking, NEFT/RTGS, debit card, credit card & over the counter (OTC). The main technology backbone of GST is Goods and Service Tax network (GSTN). It provides IT Infrastructure and services to the Central and State Governments, tax payers and other stakeholders for implementation of the Goods and Service Tax (GST).

Benefits of GST

GST is a win — win situation for the entire country. It brings benefits to all the stakeholders of industry, Government and the consumer. It will lower the cost of goods and services, give a boost to the economy and make the products and services globally competitive. The significant benefits of GST are:

Creation of unified national market — GST aims to make India a common market with common tax rates and procedures and remove the economic barriers thus paving the way for an integrated economy at the national level.

Mitigation of ill effects of cascading — By subsuming most of the Central and State taxes into a single tax and by allowing a set-off of prior stage taxes for the transactions across the entire value chain, it would mitigate the ill effects of cascading, improve competitiveness and improve liquidity of the businesses.

Elimination of multiple taxes and double taxation — GST will subsume majority of existing indirect tax levies both at the Central and State level into one tax i.e. GST which will be leviable uniformly on goods and services. This will make doing business easier and…

Read More: https://www.acquisory.com/ArticleDetails/42/GST-%E2%80%93-A-Brief-Outlook

[bilsmodias]

Bilsmod IAS:- Top Government Positions You Can Get Through UPSC Exam

UPSC exam is a very high-level civil service exam which is different from other competitive exams. By clearing this exam, you can make a big change in your career. In this job, you will get a chance to do respectable social work and serve your country. It opens the gateway to some of the top government posts, which not only provides a job but also a platform to serve the nation. Let's take a look at the top government posts you can get through UPSC Civil Services Exam:

We are also known as Top UPSC Coaching in Patna.

Indian Administrative Service (IAS)

It refers to The Indian Administrative Service (IAS) as the most attractive service in the UPSC. An IAS officer plays an important role in the administration of both the central and state governments. They are responsible for policy implementation, administrative functions, and establishing law and order. An IAS officer can work as a District Collector, Chief Secretary, Cabinet Secretary, and more. The position imparts great authority, respect, and the opportunity to drive socio-economic development in the country.

 Indian Police Service (IPS)

As we know The Indian Police Service (IPS) refers to another respected service that deals with the internal security and law implementation of the country. IPS officers hold explanation positions in police departments and intelligence agencies such as the Central Bureau of Investigation (CBI) and the Intelligence Bureau (IB). Their responsibilities include crime prevention, investigation, and maintaining public peace. They can also serve as Police Commissioners or Director Generals of Police, contributing to the nation’s security framework.

We are also known as Top BPSC Coaching in Patna.

 Indian Foreign Service (IFS)

The Indian Foreign Service (IFS) is perfect for those who desire to represent India at the international level. IFS officers are responsible for being in charge of foreign relations, representing India abroad, and dealing with international issues. They serve as diplomats in Indian embassies and consulates and can rise to positions like Ambassador or High Commissioner. The role involves frequent postings abroad and interaction with foreign dignitaries.

Indian Revenue Service (IRS)

The Indian Revenue Service (IRS) is divided into two branches: Income Tax and Customs & Central Excise. IRS officers play a significant role in the management and collection of direct and indirect taxes. They help in the formulation of tax policies and can serve as Chief Commissioner of Income Tax or member of the Central Board of Direct Taxes (CBDT). Their work is crucial for the country's financial management and economic stability.

If you are preparing for CUET then, you can check us as the Top CUET Coaching in Patna.

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References:-

Bangladeshi crisis and foreign policy

7 Tips to Improve Your UPSC Interview Preparation For Sure Success

The Evolution and Influence of Renewable Energy

Unique Sports from Every Corner of the Globe

Mastering The Art Of Essay Writing in UPSC Mains Exam

[adyafinancial]

GST in Gurgaon: A Comprehensive Guide to Compliance and Benefits

The Goods and Services Tax (GST) has revolutionized the tax machine in India, simplifying the complex internet of indirect taxes. For companies in Gurgaon, one of the maximum unexpectedly developing industrial hubs, information the nuances of GST is essential for seamless operation & increase. Adya Financial 'll provide a complete guide on GST in Gurgaon, along with its implications for businesses, registration approaches, and the way it is able to affect the hospitality industry, including luxury inn rooms in Dehradun and similar establishments.

Introduction to GST in India

The Goods and Services Tax (GST) become added in India on July 1, 2017, to unify a couple of oblique taxes right into unmarried, complete machine. It replaced taxes like Value Added Tax (VAT), Central Excise Duty, Service Tax, and different local levies. This simplification has made the tax machine greater obvious & less difficult to control, particularly for groups with multi-state operations like the ones in Gurgaon.

GST is levied at the supply of goods & offerings at every degree of the supply chain, from production to the final consumer. Its middle idea is to get rid of the "cascading effect" of taxes, because of this product is taxed most effective on the point of consumption.

Types of GST

Before diving into the specifics for Gurgaon, it’s essential to understand the 4 most important types of GST:

CGST (Central Goods and Services Tax): Levied by using the important government on intra-state transactions.

SGST (State Goods and Services Tax): Levied by using the kingdom authorities on intra-country transactions.

IGST (Integrated Goods and Services Tax): Levied on inter-country transactions.

UTGST (Union Territory Goods and Services Tax): Applicable for Union Territories like Chandigarh, Andaman and Nicobar Islands, & so forth.

Why GST is Important for Businesses in Gurgaon

Gurgaon, now formally known as Gurugram, has emerged as a chief enterprise hub, home to several multinational groups, startups, and industries spanning throughout IT, actual estate, finance, and hospitality. The advent of GST in Gurgaonplays essential position inside the ease of doing commercial enterprise on this metropolis by using:

Simplifying Taxation: GST has replaced a multitude of indirect taxes with one uniform tax, considerably lowering compliance burden for corporations in Gurgaon.

Increased Transparency: With GST, groups can now avail Input Tax Credit (ITC) for taxes paid on items & offerings used in their operations, reducing their usual tax legal responsibility.

Boost to the Hospitality Sector: Hotels & lodges, such as the ones imparting luxurious hotel rooms in Dehradun, enjoy the GST regime. GST simplifies the tax structure for hotels, ensuring that each agencies and customers understand their tax liabilities more truely.

GST Registration Process for Businesses in Gurgaon

Any enterprise operating in Gurgaon, with an annual turnover exceeding ₹40 lakh (₹20 lakh for service vendors), should check in for GST. The technique is entirely on line, making it less complicated for organizations to conform without travelling tax offices.

Steps to Register for GST:

Visit the GST Portal: Begin online gst registration in gurgaon by using journeying the reliable GST internet site (www.Gst.Gov.In).

Filing the Application: You will want to fill out Form GST REG-01. Ensure all info which includes the commercial enterprise name, sort of enterprise, & PAN are entered successfully.

Submission of Documents: Provide important documents like PAN card, Aadhaar card, enterprise registration proof, bank account information, and photos of the owner or enterprise companions.

Verification and Approval: Once submitted, the utility may be proven by means of tax authorities. Upon approval, you'll be issued unique GST Identification Number (GSTIN).

Completion: After acquiring your GSTIN, you are required to record GST returns often.

GST Compliances for Businesses in Gurgaon

Complying with GST guidelines is vital for groups to keep away from penalties and make certain clean operations. Here are some key compliances for GST in Gurgaon:

Monthly/Quarterly Filing of Returns: Depending on the enterprise length and turnover, groups need to report both monthly or quarterly GST returns. The paperwork consist of GSTR-1 (sales info), GSTR-3B (summary return), & GSTR-9 (annual return).

Payment of Taxes: GST is payable month-to-month or quarterly, relying at the form of enterprise. Delayed payments can result in interest & penalties.

Input Tax Credit (ITC): One of the foremost advantages of GST is the capacity to assert credit score for taxes paid on purchases. However, to claim ITC, businesses have to safeguard right document-preserving and matching of buy and income invoices.

Compliance with E-invoicing: For huge organizations, e-invoicing is mandatory. This ensures transparency & curbs tax evasion by means of digitizing the invoicing method.

GST Rates for Various Sectors in Gurgaon

GST quotes vary across industries, making it vital for businesses to live up to date. For groups in Gurgaon, mainly in hospitality, manufacturing, & IT, knowledge those costs is crucial for accurate tax compliance.

Hospitality Sector: Hotels with room price lists underneath ₹1,000 are exempt from GST. For room tariffs among ₹1,000 & ₹7,500, the GST charge is 12%, at the same time as tariffs above ₹7,500 are taxed at 18%. Resorts & comfort hotels, consisting of those providing luxury motel rooms in Dehradun, fall into this class.

Manufacturing Sector: The fashionable GST charge for production groups in Gurgaon is 18%. However, vital objects and meals merchandise may additionally attract a decrease price of 5%.

Information Technology (IT): The GST fee for IT services is 18%, making it vital for tech companies in Gurgaon to conform with this fee structure for software and IT-associated services.

The Role of GST in Boosting the Hospitality Industry

Gurgaon, being a major business & leisure destination, has seen its hospitality industry thrive under GST. The tax structure has brought transparency to hotel tariffs and increased accountability. Moreover, businesses in the hospitality sector, such as those managing luxury hotel rooms in Dehradun, can easily calculate & charge GST, ensuring that guests have a clear understanding of the tax component in their bills.

Additionally, the availability of Input Tax Credit (ITC) on goods and services used by hotels (like food, maintenance, & utilities) has led to cost reductions, allowing hotels to offer competitive pricing without compromising on quality.

Common Challenges for Businesses in Gurgaon Under GST

While GST has simplified the taxation system, agencies in Gurgaon face some demanding situations:

Frequent Updates to GST Laws: The Indian GST system undergoes common adjustments, which may be difficult for agencies to preserve track of. Staying up to date with the modern-day adjustments in tax slabs, ITC guidelines, and compliance requirements is vital.

Mismatch of Invoices: Many organizations face difficulties with invoice matching in the course of ITC claims. This can put off the refund manner & result in coins float troubles.

Penalties for Non-Compliance: Failing to comply with GST submitting or charge deadlines can cause consequences, which can also have an effect on small & medium-sized businesses the most.

Benefits of GST for Gurgaon’s Economy

Despite those demanding situations, GST has positively impacted Gurgaon’s economic system in numerous approaches:

Increased Efficiency: The streamlined tax process beneath GST has decreased paperwork and administrative hurdles for businesses.

Reduced Tax Evasion: GST’s digital infrastructure has curtailed tax evasion by making each transaction traceable.

Boost to Trade and Commerce: The ease of doing commercial enterprise in Gurgaon has stepped forward because of GST, attracting foreign investments & increasing the nearby financial system.

Enhanced Consumer Confidence: For purchasers, GST brings clarity to the tax shape, as they now recognize the precise amount of tax being paid on goods and services.

Conclusion

For corporations in Gurgaon, know-how & complying with gst registration in Gurgaon isn't always just a felony duty but vital issue of smooth operations and increase. Whether you’re walking a small startup or dealing with a series of luxury inn rooms in Dehradun, staying up to date with GST guidelines will make sure your commercial enterprise prospers on this competitive landscape.

By simplifying the tax shape, reducing redundancies, & bringing transparency, GST has paved the manner for corporations in Gurgaon to enlarge & flourish. With the right techniques in area, organizations can leverage GST for each compliance and profitability.

[birina123]

ICEGATE (CBEC) in Indian Customs: Registration, BLs, and Payments

What is ICEGATE?

ICEGATE refers to the Electronic Commerce/Electronic Data Interchange (EC/EDI) Gateway for Indian Customs and Central Excise. CBEC ICEGATE fulfills the EC and EDI needs of traders, cargo service providers, and other department clients. They are referred to as trading partners together.

ICEGATE is utilized for documentation and communication between the department and other regulatory and licensing organizations, in addition to trading partners.

The ICEGATE process registration are as follows:

Exporters can register with ICEGATE by visiting the ICEGATE website, then selecting the "Our Services" section, then the "Login/Sign-up" option. The procedures for new registrations are as follows:

Check their availability by entering their email IDs and ICEGATE.

Choose the user role from the list of available possibilities, which includes customs broker, airline, shipping line, shipping agent, etc.

Enter the IEC and make sure

The exporter's information will be exported from the ICES.

Choose the ID photo and upload it.

After importing the digital certificate, press the CONFIRM button.

The registered email address will receive an OTP, which must be submitted in order for the registration to be finalized.

Exporters will have to wait for the department to approve their registration request after the registration process is complete.

Conclusion:

Registering on ICEGATE is a strategic move that streamlines customs procedures and enhances online trade facilitation. By signing up, businesses gain access to efficient tools that simplify the complex customs process, making ICEGATE an essential resource for importers and exporters

[kanakkupillai-trademark]

GST Registration in Bangalore: A Business Owner's Handbook

GST Registration in Bangalore: A Complete Guide

Bangalore, known as the Silicon Valley of India, is a hub for startups, IT companies, and diverse business activities. With the rapid growth of businesses in the city, entrepreneurs and companies need to be aware of the Goods and Services Tax (GST) and the importance of GST registration. This article provides a detailed guide on GST registration in Bangalore, including its benefits, eligibility, process, and required documents.

What is GST?

The Goods and Services Tax (GST) is a unified tax system that replaced various indirect taxes like VAT, excise duty, and service tax. It is levied on the supply of goods and services in India. GST is a destination-based tax, meaning it is collected at the point of consumption rather than the point of origin. The tax is divided into four categories:

CGST: Central Goods and Services Tax, collected by the Central Government.

SGST: State Goods and Services Tax, collected by the State Government.

IGST: Integrated Goods and Services Tax, levied on inter-state transactions.

UTGST: Union Territory Goods and Services Tax, applicable in Union Territories.

Why is GST Registration Important?

GST registration is mandatory for businesses with a turnover exceeding ₹40 lakhs (₹20 lakhs for service providers) or those involved in inter-state supply, e-commerce, or specific taxable services. GST registration allows businesses to:

Legally operate under the GST regime.

Claim input tax credit on purchases, reducing the overall tax burden.

Ensure compliance with tax regulations, avoiding penalties and legal consequences.

Enhance business credibility among customers and vendors.

Eligibility for GST Registration in Bangalore

GST registration is required for:

Businesses with annual turnover exceeding ₹40 lakhs (for goods) or ₹20 lakhs (for services).

Individuals and entities engaged in inter-state supply of goods or services.

E-commerce operators and those selling through online platforms.

Casual taxable persons are conducting occasional business.

Non-resident taxable persons providing goods or services in India.

Agents or distributors of taxable supplies.

Input service distributors.

Businesses are liable to pay reverse charges under GST.

Documents Required for GST Registration in Bangalore

To register for GST in Bangalore, companies need to provide the following documents:

PAN Card of the business or applicant.

Aadhaar Card of the authorised signatory.

Proof of business registration or incorporation certificate.

Identity proof and address proof of the authorised signatory (passport, driving license, or voter ID).

Bank account details, including a cancelled cheque or bank statement.

Address proof of the business premises (electricity bill, rent agreement, or property tax receipt).

Digital Signature Certificate (DSC) for companies and LLPs.

Photograph of the applicant (authorised signatory).

Steps for GST Registration in Bangalore

1. Visit the GST Portal

Go to the official GST portal at www.gst.gov.in and click on the “Services” tab. Under the "Registration" section, click on "New Registration."

2. Fill in the Details

Enter details like:

Business name and PAN.

Email address and mobile number.

Type of business (Proprietorship, LLP, Company, etc.).

3. Submit OTP Verification

An OTP (One-Time Password) will be sent to your registered mobile number and email. Enter this OTP to verify your details.

4. Fill in Business Information

Provide details like the business's legal name, trade name, principal place of business, and business constitution (LLP, partnership, etc.).

5. Upload Documents

Upload the required documents, including proof of business, identity, address, and bank details.

6. Digital Signature

If the business is a company or LLP, sign the application using a Digital Signature Certificate (DSC). Proprietorships and partnerships can use electronic verification codes (EVC).

7. Submit the Application

Once all details and documents are filled out, submit the application. After submission, you will receive an Application Reference Number (ARN) for tracking purposes.

8. GST Registration Certificate

The GST authorities will verify the application. If everything is in order, the GST registration certificate with a unique GST Identification Number (GSTIN) will be issued within seven working days.

GST Registration Fees in Bangalore

GST registration is free of cost. However, businesses may choose to hire professionals to assist with the process, which could involve a service fee depending on the complexity of the registration.

Penalties for Non-Registration

Failure to register for GST when required can result in penalties:

Late registration penalty: 10% of the tax amount due, subject to a minimum of ₹10,000.

Fraudulent evasion of tax: Penalty of 100% of the tax amount due.

Conclusion

GST registration in Bangalore is essential for businesses to operate smoothly and in compliance with tax laws. It offers benefits like input tax credits and enhances a business's credibility. While the registration process can be completed online, ensuring all details are accurate and documents are in place is crucial to avoid delays. If needed, consulting a professional can streamline the process.

[ebizfilingindia-blog]

The Advantages of GST in India: A Simple Guide

The Goods and Services Tax (GST) was introduced in India on July 1, 2017, to simplify the way businesses pay taxes. GST replaced several old taxes like VAT, Service Tax, and Excise Duty with one unified system. This change has brought many benefits for businesses across the country. If you’re thinking of starting a business or expanding your current one, getting a new GST registration can help you take full advantage of these benefits.

1. Simplified Tax System

Before GST, businesses had to deal with many different taxes at both the Central and State levels. This made it difficult and confusing to manage. GST has simplified things by combining all these taxes into one. With new GST registration, businesses now have a much easier time keeping track of taxes and complying with regulations.

2. No More Tax on Tax

Before GST, businesses often ended up paying tax on top of tax at different stages of production and distribution. This made products more expensive for consumers. GST has solved this problem by allowing businesses to claim tax credits for the taxes they’ve already paid, which lowers the overall cost. With new GST registration, your business can save money by avoiding these extra taxes.

3. Access to a Bigger Market

GST has made it easier for businesses to operate across India without worrying about different state taxes. This means businesses can reach more customers across the country. A new GST registration allows you to sell your products or services anywhere in India without facing additional tax barriers.

4. Better Logistics and Lower Costs

In the past, businesses had to set up warehouses in different states to avoid interstate taxes. GST has removed the need for this, allowing companies to streamline their operations. With new GST registration, your business can save money on logistics, making your supply chain more efficient.

5. Easy and Transparent Compliance

GST is a digital tax system, meaning all registrations, returns, and payments are done online. This has made tax compliance much easier and more transparent. By getting a new GST registration, your business can easily stay on top of tax obligations, reducing the risk of fines or legal issues.

6. Boost to the Economy

GST has helped bring more businesses into the formal economy, which has increased tax revenues for the government. This, in turn, helps fund public services and infrastructure. For your business, new GST registration can enhance credibility and open up new opportunities, such as easier access to loans and government incentives.

7. Benefits for Consumers

GST has also benefited consumers by reducing the overall tax burden on goods and services, making them more affordable. Since GST rates are the same across the country, consumers pay a uniform tax, no matter where they buy the product.

Conclusion

GST has made a big difference for businesses in India by simplifying taxes, reducing costs, and making it easier to expand into new markets. Getting a new GST registration is the first step to taking full advantage of these benefits. Whether you’re starting a new business or looking to grow an existing one, being part of the GST system can help you succeed in today’s competitive market.

[niharranjannayak]

Supreme Court of India: appointed Special Investigation Team (SIT) on black money to submit interim report within 15 days

The Apex court appointed Special Investigation Team (SIT) on black money will submit its ninth interim report to the Supreme Court within 15 days, the panel’s vice-chairman Justice (Retired) Arijit Pasayat said: After coming to power in May 2014, the Narendra Modi government, in its first Cabinet meeting, approved the appointment of the SIT as directed by the Supreme Court. We have already submitted eight reports to the Supreme Court while the ninth report will be submitted within 15 days, "Justice Pasayat told reporters here. He is likely to hold a meeting of officers from IT, ED, Customs and Excise and Central Board of Indirect Tax departments in Cuttack on August 28. Director of ED Rahul Navin is also scheduled to attend the meeting.

🌐 https://niharranjannayak.in

[cencuser]

Cencuser is a comprehensive digital library dedicated to Central Excise, Customs, Service Tax, Foreign Trade Policy, International Trade, RBI regulations, Budget insights, and case laws related to Indirect Tax. Our platform provides in-depth resources and up-to-date information, empowering professionals, businesses, and students to navigate the complexities of indirect taxation with ease and confidence.

[cafirm-naa]

What are the different types of indirect taxes applicable in Salem?

Indirect taxes play a crucial role in the financial landscape of Salem. These taxes are levied on goods and services rather than on income or profits. In Salem, businesses and consumers encounter several types of indirect taxes, each with its unique implications.

1. Goods and Services Tax (GST): The most prominent indirect tax in Salem is GST, which encompasses both Central GST (CGST) and State GST (SGST). GST is applied to the supply of goods and services and aims to unify the tax structure across the country. Businesses in Salem need to comply with GST regulations to ensure smooth operations and avoid penalties.

2. Value Added Tax (VAT): Though largely subsumed by GST, VAT may still be relevant for certain transactions or legacy issues in Salem. VAT is charged on the value added at each stage of the supply chain and was previously a key component of indirect taxation.

3. Excise Duty: Excise duty is imposed on the production of certain goods, especially those considered non-essential. Although its relevance has decreased with the introduction of GST, it still applies to specific industries and products in Salem.

4. Customs Duty: For businesses involved in international trade, customs duty is an indirect tax on goods imported into Salem. This tax is vital for regulating trade and protecting local industries.

Understanding these indirect taxes in Salem helps businesses stay compliant and manage their tax liabilities effectively. For tailored advice and support on indirect taxes in Salem, consult Nagendiran and Associates.