Manufacturers / Service Provider / Trader whose annual turnover is below Rs.20 Lakh* need not pay any GST and need not register. Those with annual turnover upto Rs.75 Lakh# can opt for composition scheme in which case the tax rate will be as follows: GST Rate of Composition Traders Manufacturers Restaurants 1% 2% 5% *This limit […]
Single Tax to bring down prices for more households 81% of items to fall below/in 18% GST Slab GST @ 0% GST @ 5% GST @ 12% GST @ 18% Unpacked Food Grains Sugar Butter Hair Oil Fresh Vegetables Tea Ghee Toothpaste Unbranded Atta Roasted Coffee Beans Almonds Soap Unbranded Besan Edible Oil Fruit Juice […]
On current tax system in majority of services we pay 15% tax which include service tax 14%, Swatch Bharat 0.5% and Krishi Kalyan Cess 0.5%. As per the new four tier GST system majority of the services are falling in 18% tax category. Let’s discuss the impact of GST on our daily used services Air […]
Sukanya Samriddhi Yojana is a small saving scheme introduced by Government of India under Beti Bachao Beti Padao campaign to ensure the bright future of girls child in India. Money saved under this scheme is to provide for girls higher education and for the wedding expenses. One of the most important feature of this scheme […]
Right to light scheme was launch by Central Government of India with objective to provide solar lamp to each school student of Uttar Pradesh to study in evening and night. This scheme was started in 5 states of India including Bihar, Jharkhand and Assam along with Uttar Pradesh. This scheme has already started in 4 […]
Announced 1st August 2015 Objective Social Alleviation and Financial Security Administered by Government of India Current Status Active Pradhan Mantri Suraksha Bandhan yojana is a kind of fixed deposit scheme. Which you can purchase from all nationalized bank, this scheme offers interest rate of 8 percent on fixed deposit which is little higher in comparison […]
Pradhan Mantri Suraksha Bima Yojana is and accidental insurance scheme and created for those who are living in rural area and are not covered under any kind of insurance and for people who are mostly below the poverty line and they can’t afford any kind of insurance to insure their life. Premium set for this […]
SGBs are the government securities dominated in grams of gold. You can say it is like the substitutes of holding physical gold. If you want to buy you have to pay the issue price in cash and the bond will be redeemed in cash on maturity. This bond is issue by Reserve Bank on behalf […]
Pradhan Mantri Mudra Loan Yojana is launched for the Indian population who engaged in small business and requires small loan or financial help to run their business and to fulfill their day to day needs. PM Mudra loan yojana is launched with vision to Fund the Unfunded. Anyone can get minimum Rs.50,000 and maximum Rs.10 lac loan […]
BHIM Referral Bonus Scheme & Cashback Scheme Our Prime minister has launched Bhim Aadhar based merchant app for accepting payment from customer by using there aadhar identity. After this 2 new schemes named “BHIM Referral Bonus Scheme ” and “BHIM Cashback Scheme” for Consumer and Merchant was also launched Object of launching BHIM referral and […]
