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Showing posts from November, 2016

GOOD AND SERVICES TAX (GST)

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Goods and Services Tax Bill or GST Bill which is officially known as The Constitution (122 Amendment) Bill, 2014 is set to become operational from the 1st April 2017.  This bill is widely hailed as a historical tax reform , as it is expected to transform India into a unitary market, lower transaction and logistics costs, spread the tax net wider and propel investments and growth.  As of now, Indirect Taxes suffer from multiple taxations on different rates by different States with increased cascading effect of tax on the cost of goods and services due to ‘Tax on Tax’ and worst the ‘Tax Terrorisms’ on the economy - manufacturers, traders and even consumers. GST is addressing these problems by amalgamating several Central and State taxes into a single tax thereby mitigating cascading or double taxation. And this will aim at ‘One Nation – One Taxation’ which will go a long way in making India a most favoured nation for investments thereby India becoming a Developed Nation sooner

Uri Massacre Avenged with Surgical Strike

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Uri town in North Kashmir which is barely 6 km from the line of control, is the administrative base of the Army 10 Dogra where many of our Jawans were stationed in the tents and temporary shelters which were stormed by four heavily armed militants in the wee hours on Sunday the 18th September 2016 and 19 Jawans lost their lives and 19 other personnel were injured. Top army officials had admitted it as a serious setback, though all the four terrorists were killed and their huge ammunitions with Pakistani markings on them along with maps, radio sets, global positioning systems, two metric sheets and large quantities of food and medicine packets having markings of Pakistan were recovered. It was the deadliest attack on security forces in Kashmir in two decades and the militant group Jaish -e-Mohammed is suspected of being involved in the planning and execution of Uri attack. The bulk of the deaths of our Jawans were due to fire in the tents and the temporary shelters, tho