TELUGU LEGENDARY WRITER "CENARE"
( SINGIREDDY NARAYANA REDDY ) DIVI KEGI CENARE..........
Friday, June 16, 2017
Saturday, June 3, 2017
Fixation
of Pay on Promotion / MACP :-
Let ‘X’ Postmaster Grade-I official drawing Pay Rs. 44100/- wef 01.07.2016 in the pay band 5200-20200 grade pay 2800 pay matrix
level 5 promoted on 25.05.2017 to Pay in
Pay band 9300-34800 grade pay Rs. 4200/-
pay matrix level 6 of Postmaster Grade-II./MACP-II.
Case: 01 : STRAIGHT AWAY
PAY FIXATION:-
|
25.05.2017
|
44100 (RS)
|
|
Notional Increment:3%
|
44500
|
|
Fix at Paymatrix level 6 grade pay 4200/-
|
46200 WITH DNI:01.01.2018
|
|
01.07.2017
|
46200
|
|
01.01.2018
|
47600
|
|
01.07.2018
|
47600
|
Case:02 : BY OPTION TO FIX PAY AFTER (accrual)TAKING
INCREMETN ON 1ST JULY :-
|
25.05.2017
|
44100 (RS)
|
|
NO PAY FIXATION
|
(44900) Next above in level
6. No fixation of pay
|
|
01.07.2017 (regular inct)
|
45400
|
|
01.07.2017: Pay fixation: one NI+ fix at level 6
|
46800--à>at
level 6à
fix Rs. 47600 .
|
|
01.01.2018
|
47600
|
|
01.07.2018
|
49000
|
NOTE:- Those who are currently
drawing increment in JULY on promotion
between January to June opt to fix pay
after accrual of increment is beneficial
. //M.S.Reddy , ex-Accountant (P.O & RMS),
Hyderabad city//
Friday, June 2, 2017
Here’s how Indians will benefit from GST
India is ready for the rollout of
Goods and Services Tax (GST) from July 1st, 2017. GST will impact businesses of all scale and sizes
and transform the corporate landscape. Most of all, the new tax regime will
bring in more transparency, increase efficiencies and enhance the ease of doing
business in India. Naturally, the life of us citizens will alter to a large
extent.
Items of daily use could now be cheaper
One
ongoing concern about the GST impact was the pricing factor of goods and
services of daily use. However, the latest announcement by the GST
council that has released the tax rate for 1211 items spells good news for the
common man. The tax rate on 81% items of daily use has been capped at 18%,
which is a modest rate of tax. In the services sector, 90% of services have
been put in the 18% tax bracket, and 63 essential services including education,
healthcare, select Government services are exempt from tax. Overall, the GST is
pro-growth as it is expected to reduce the tax burden on consumers.
What is cheaper :: Keeping
in mind the needs of the average Indian men and women, items such as fresh
vegetables, meat, jaggery, honey, papad, prasadam, bindi, and sindoor have been
exempted from GST. Essential services like education and healthcare being kept
out of the GST ambit. Travel by metro, hotels with a tariff below ₹1000 and religious travels have also
been exempt from GST.
If this
list seems skewed towards the rural and semi-urban populace, the urban city
dwellers don’t have much to worry about as items synonymous with the urbane
such as mineral water, tissues, ice cream, jams and sauces, cake and pastries,
pasta and soup, preserved vegetables and cornflakes remain in the tax bracket
of 18%. The urban populace has further reason to rejoice as restaurants and
watching movies will become cheaper as they come under the 18% tax bracket, a
drop from 22-25% earlier. Non-AC restaurants, however, have been granted the
leeway of charging 12% GST on food bill.
Economy
class airfares are also expected to come down as they will now fall in the 5%
tax bracket. The 5% tax rate is also applicable to radio taxi service
providers. However, business class airfares will attract a GST of 12% and
premium hotel accommodation will attract GST of 28%.
What is expensive : Items
that will attract the highest tax include aerated drinks, pan masala,
dishwashers, washing machines and weighing machines, shampoo, deodorants,
paints, dye and ceramic tiles. Also becoming dearer are financial transactions
(banking charges, insurance premiums and other fees), online shopping, courier
services, school fees, Wi-Fi and DTH services. The list released by the GST
council thus far is indicative of the fact that the common man on the street
will not have to shell out more money to feed his family. In fact, there will
be a likely reduction in costs on items of daily use.
The GST
slabs on services, however, has been a tad disappointing especially for the
urban dweller who is disoriented at the moment as he will soon be expected to
shell out more for banking transactions and use of the internet. This seemingly
goes against the Government push on the usage of online banking services and
digital India.
Scepticism alive on multiple rates
One of
the major contentions of GST between Government officials on one hand and
policymakers and economists, on the other hand, has been on the rate of
inflation after GST implementation. International experiences in countries such
as Singapore and Malaysia has shown that GST has stoked up inflation
considerably at least in the short term. If India faces similar inflationary
pressures as a result of GST implementation, the central bank will have little
choice but to cut interest rates to prop up growth.
However,
Government officials, including the Finance Minister Arun Jaitley, seem
confident that GST implementation will not be inflationary. as a majority of
items that thus far attracted a tax rate of 32% will now be subject to a lower
tax of 28%. They also believe that since service providers will benefit from
input tax credit the effective tax rates will be lower.
The
attempt at pacification is not enough as of now. Complexities have increased
for the services sector that accounts for more than half of India’s economy as
there are multiple rates being levied in the same sector. For example, hotels
and restaurants will be charged on their rooms tariffs and turnover. Therefore,
eating out in a non-air conditioned restaurant or staying in a cheap hotel room
may work out to be cheaper while dining in style and staying in a luxury hotel
may turn out to be more expensive than before. The Government, however, defends
its stance saying that different economic sections cannot be taxed under a
uniform tax regime . source:: // http://cbcinews.com/
Subscribe to:
Posts (Atom)