What is GST

GST is one indirect tax for the whole nation, which will make India one unified common market.

 GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer. Credits of input taxes paid at each stage will be available in the subsequent stage of value addition, which makes GST essentially a tax only on value addition at each stage. The final consumer will thus bear only the GST charged by the last dealer in the supply chain, with set-off benefits at all the previous stages

Single and transparent tax proportionate to the value of goods and services: Due to multiple indirect taxes being levied by the Centre and State, with incomplete or no input tax credits available at progressive stages of value addition, the cost of most goods and services in the country today are laden with many hidden taxes. Under GST, there would be only one tax from the manufacturer to the consumer, leading to transparency of taxes paid to the final consumer.

GST is being introduced in the country after a 13 year long journey since it was first discussed in the report of the Kelkar Task Force on indirect taxes. A brief chronology outlining the major milestones on the proposal for introduction of GST in India is as follows:

In 2003, the Kelkar Task Force on indirect tax had suggested a comprehensive Goods and Services Tax (GST) based on VAT principle.

A proposal to introduce a National level Goods and Services Tax (GST) by April 1, 2010 was first mooted in the Budget Speech for the financial year 2006-07.

Since the proposal involved reform/ restructuring of not only indirect taxes levied by the Centre but also the States, the responsibility of preparing a Design and Road Map for the implementation of GST was assigned to the Empowered Committee of State Finance Ministers (EC).

Based on inputs from Govt of India and States, the EC released its First Discussion Paper on Goods and Services Tax in India in November, 2009.

In order to take the GST related work further, a Joint Working Group consisting of officers from Central as well as State Government was constituted in September, 2009.

In order to amend the Constitution to enable introduction of GST, the Constitution (115th Amendment) Bill was introduced in the Lok Sabha in March 2011. As per the prescribed procedure, the Bill was referred to the Standing Committee on Finance of the Parliament for examination and report.

Meanwhile, in pursuance of the decision taken in a meeting between the Union Finance Minister and the Empowered Committee of State Finance Ministers on 8th November, 2012, a ‘Committee on GST Design’, consisting of the officials of the Government of India, State Governments and the Empowered Committee was constituted.

This Committee did a detailed discussion on GST design including the Constitution (115th) Amendment Bill and submitted its report in January, 2013. Based on this Report, the EC recommended certain changes in the Constitution Amendment Bill in their meeting at Bhubaneswar in January 2013.

GST is levied on all transactions such as sale, transfer, purchase, barter, lease, or import of goods and/or services. India will adopt a dual GST model, meaning that taxation is administered by both the Union and State Governments. Transactions made within a single state will be levied with Central GST (CGST) by the Central Government and State GST (SGST) by the government of that state. For inter-state transactions and imported goods or services, an Integrated GST (IGST) is levied by the Central Government. GST is a consumption based tax, therefore, taxes are paid to the state which the goods or services are consumed not the state in which they were produced. IGST complicates tax he Empowered Committee in the Bhubaneswar meeting also decided to constitute three committees of officers to discuss and report on various aspects of 

Danielle Bregoli’s treated herself to new wheels, despite not having her license OR permit! At 14, ‘Cash Me Outside’ girl is making 7 figures, & we learned exclusively what she’s doing with her Porsche.

Since Danielle doesn’t have her license yet, her security team currently drives her around in the car. However, she will be getting her permit in 10 months. Until then, it sounds like she’s got a nice little chauffeur arrangement going on! “Danielle has earned well into the seven figures at this point and wanted to buy herself something,” Danielle’s rep told us. And we don’t blame her! 

just by being herself! In fact, she’s doing SO well, that she recently bought herself a Porsche Panorama 4s Hybrid, and spoke to Danielle’s rep EXCLUSIVELY about her expensive new purchase, and how she’s planning on using it even without a driver’s license! The fancy white car cost a whopping $90,000 and “has all the bells and whistles.” However, she hasn’t done anything — yet — to trick it out!

Darjeeling bandh: GJM holds meeting with all political parties to decide ‘course of action’

Meanwhile, CM Mamata Banerjee has appealed for peace in the region. “Violence cannot be a solution to any problem and only talks can solve it,” Banerjee told reporters at the airport on Monday before leaving for the Netherlands to speak on the occasion of UN Public Service Day on June 23.
Security forces were patrolling the streets and internet services remained suspended for the third day today. Normal life remained paralysed and all shops except medicine were closed.
Tourism related establishments in Gangtok are currently packed with customers and have full bookings in the coming days as well,” Zangpo states. The Sikkim Tourism secretary said that almost all the tourists who are now visiting Sikkim were supposed to visit Darjeeling on the second leg of their journey or had been there before reaching Sikkim. Travel operators, however, are worried as it is difficult to manage so many tourists at a time, and the secretary also echoed similar views.

भारत में IS के लिए लड़ाके भर्ती करने वाला अरमार अंतरराष्ट्रीय आतंकी घोषित

भारत में आतंकियों की भर्ती करता था। आतंक की दुनिया में अरमार को छोटा मौला, अंजन भाई और यूसुफ-अल-हिंदी नाम से जाना जाता है। अरमार का नाम अब अमेरिकी विदेश विभाग की विश्व इकाई के विदेश संपत्ति नियंत्रण कार्यालय की सूची में जोड़ दिया गया है। सूत्रों के मुताबिक भारत में आतंकियों के खिलाफ कार्रवाई के बाद अरमार अपने बड़े भाई के साथ पाकिस्तान भाग गया था। वहां उसने अंसार उल तौहीद नाम के संगठन का गठन किया। कुछ दिन बाद वो आतंकी संगठन आईएस के साथ जुड़ गया। जिसके बाद उसने भारत में आईएस के लिए आतंकियों की भर्ती का जिम्मा उठाया। अरमार ने आईएस के साथ सहानुभूति रखने वाले कई लोगों को संगठन में शामिल किया। ये लोग हमले की प्लानिंग, हथियारों की व्यवस्था, नए लड़ाकों को ट्रेनिंग देने का काम करते थे।
अमेरिका की दखल के बाद इराक सद्दाम हुसैन के तानाशाही से मुक्त हो गया था। इराक की आजादी के बाद कई आतंकी गुट उभर कर सामने आए। इसमें सबसे खतरनाक गुट अबू बकर अल बगदादी के नेतृत्व में आईएस बना। कुछ लोग इस आतंकी संगठन के जन्म के पीछे अमरीका का हाथ मानते हैं। आईएस ने मौजूदा समय में सीरिया और इराक के कई राज्यों पर अपना कब्जा जमा रखा है। बीच-बीच में भारत में भी आईएस की मौजूदगी की खबरें आती रहती हैं।

GST: Uncertainty over J&K rollout as PDP, BJP differences add to NC-Congress opposition

The Central Sales tax was already under force in Jammu and Kashmir and it would be replaced by the IGST," said a senior government official.

The bone of contention in the state is the constitutional amendment 101. This amendment gives Parliament "exclusive power to make laws with respect to goods and services tax where the supply of goods, or of services, or both takes place in the course of inter-state trade or commerce."

Also as per the Article 269A(1) of the Constitution of India, GST on supplies in the course of inter-state trade or commerce shall be levied and collected by the central government and such tax shall be apportioned between the Union and the States in the manner as may be provided by Parliament by law on the recommendations of the GST Council, the body that decides the rate and other contentious issues related to the reform.

Although both the the parties are in agreement that the GST should be rolled out in the state, the BJP has held that this could have been done without seeking the concurrence of the state legislature.

The difference between the ruling allies come even as the National Conference and Congress -- the key opposition parties in the state -- have been opposing the implementation of the indirect tax reform as they feel it will erode the autonomy of the state.

However the BJP's Sunil Sethi concurs the state is represented at the Council by state finance minister Haseeb Drabu, who can put forth his views.

Wani, though, fears that the state minister will become a "rubber stamp" as the BJP ruled states will have majority say in terms of the voting strength in the council.

सांगोद में तनाव का माहौल भारत पाकिस्तान के क्रिकेट के मुकाबले के बाद भारत मैच हारने पर एक मुस्लिम लड़के के द्वारा देश विरोधी कमेन्ट किये गए

सांगोद में तनाव का माहौल भारत पाकिस्तान के क्रिकेट के मुकाबले के बाद  भारत मैच हारने पर  एक मुस्लिम लड़के के द्वारा देश विरोधी कमेन्ट किये गए तथा बजरंग दल द्वारा सांगोद बंद करवाया गया और उसके खिलाप देशद्रोह का मुकदमा दर्ज करवाया गया
जल्द से जल्द कार्यवाही कर उस को हिरासत मे लेने का प्रस्ताव किया

पुलिस प्रसाशन कि कड़ी मशक्कत के बाद भीड पर काबु पाया गया ओर मोजुद जनता को जल्द से जल्द कार्यवाही करने का आशवासन दिया!

Definition and Types of money

Go with me to the town of Ceelo, where Margie the cake baker is busy baking cupcakes in her own kitchen today, while Mike the mechanic works on her minivan in the driveway.

In the town of Ceelo, we often hear people using terms like money and wealth interchangeably. When people talk about Margie the cake baker and what a nice house she has, they often say, 'Margie has a lot of money.' However, there's an important distinction between money and wealth. Although wealth could mean stocks, bonds, real estate, or gold, money is something far simpler. In economics,money is anything that is widely accepted in exchange for goods and services.

precious metal and promised to exchange their currency for the metal on demand.  In other words, if you had a hundred dollar bill, you could walk into the U.S. Mint and exchange your paper for a hundred dollars' worth of gold.  Gold was a real thing with real value; the paper money had value only because it was redeemable for gold.

Finally, we get to fiat money (the stuff in your wallet), which is money because the government says it is. It is not backed by gold or any other substance of real value. It has no real use or value other than its value as a form of currency.  And its value is thus set by the market forces of supply and demand, just like everything else.  As long as people want dollars, they will have value.  If everyone in the world suddenly decided tomorrow that dollars are worthless... well, then they'd be worthless.  As you can see, money offers consumers and businesses some very basic and practical benefits. Money was invented as an alternative to bartering. The major benefit of money is that it increases the efficiency of an economy by reducing transactions costs. When people can use money instead of bartering, this leads to more specialization and better division of labor within the economy.

In an economy with money, Margie and Mike can specialize in what they do best instead of what they can use to exchange with other people. Margie can bake cakes instead of being a farmer, and Mike can repair cars, which he's really good at, instead of raising cattle.

Why does this really matter? Because an economy with more specialization and division of labor trades more often, produces more, and enjoys greater economic output.