GST : List of items in the 28% slab

List of items in 28% slab of Goods and Services Tax (GST):

• Sugar and sugar confectionery
• Cocoa and cocoa preparations
• Preparations of cereals, flour, starch or milk; pastrycooks’ products
• Miscellaneous edible preparations
• Pan masala
• Beverages, spirit and vinegar
• Tobacco and manufactured tobacco substitutes
• Salt; sulphur; earths and stone; plastering materials, lime and cement
• Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
• Tanning or dyeing extracts; tannins and their derivatives; dyes, pigments and other colouring matter; paints and varnishes; putty and other mastics; inks.
• Essential oils and resinoids, perfumery, cosmetic or toilet preparations
• Soap, organic surface-active agents, washing preparations, lubricating preparations
• Artificial waxes, prepared waxes, polishing or scouring preparations
• Explosives; pyrotechnic products; matches; pyrophoric alloys; certain combustible preparations
• Chemical products
• Plastics and articles thereof
• Rubber and articles thereof
• Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silk-worm gut)
• Furskin and artificial fur
• Wood and articles of wood, wood charcoal
• Paper and paperboard; articles of paper pulp, of paper or of paperboard
• Headgear and parts thereof
• Prepared feathers and down and articles made of feather or of down – artificial flowers; articles of human hair
• Articles of stone, plaster, cement, asbestos, mica or similar material
• Ceramic products
• Glass and glassware
• Articles of iron or steel
• Copper and articles thereof
• Aluminium and articles thereof
• Tools, implements, cutlery, spoons and forks of base metal; parts thereof of base metal
• Miscellaneous articles of base metal
• Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
• Electrical machinery and equipment and parts thereof; sound recorders and re-producers, television image and sound recorders and reproducers, and parts and accessories of such articles
• Vehicles other than railway or tramway rollingstocks, and parts and accessories thereof
• Aircraft; spacecraft and parts thereof
• Ships, boats and floating structures
• Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof
• Clocks and watches and parts thereof
• Musical instruments; parts and accessories of such articles
• Arms and ammunition; parts and accessories
• Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated signs, illuminated name-plates and the like; prefabricated buildings
• Toys, games and sports requisites; parts and accessories thereof
• Miscellaneous manufactured articles
• Project imports, laboratory chemicals, passengers’ baggage, personal importation, ship stores.

with thanks : India.com : LINK : for detailed news

GST : List of items in the 18% slab

List of items in the 18% slab

The list of items in the 18% slab will be divided into two sections. The first section is the goods section and will name the various items that will be in this slab. However, the second section shall include the names of the various services that will be affected and has been put in the 18% slab.

Goods

The products under the 18% slab are:

• Trademark
• Bidi Patta
• Goodwill
• Software
• Biscuits (all categories)
• flavoured refined sugar
• pasta
• pastries and cakes
• preserved vegetables
• jams and sauces
• soups
• ice cream
• instant food mixes
• mineral water
• tissues
• envelopes
• tampons
• notebooks
• steel products
• printed circuits
• camera
• speakers and monitors
• Kajal pencil sticks
• Headgear and parts thereof,
• Aluminium foil,
• Weighing Machinery [other than electric or electronic weighing machinery],
• Printers [other than multifunction printers],
• Electrical Transformer,
• CCTV,
• Optical Fiber,
• Bamboo furniture
• Swimming pools and padding pools
• Curry paste;
• mayonnaise
• salad dressings;
• mixed condiments and
• mixed seasonings
• Footwear costing more than RS. 500

Now coming to the Services part, the top service to be taxed in accordance with the 18 percent slab are:

• AC hotels that serve alcohol
• telecom services
• IT services
• branded garments
• financial services

Notably, Rooms with tariff between Rs 2,500 and Rs 7,500 will attract 18 percent of GST, while restaurants in Five-star hotels will also be charged according to the 18 percent slab.

with thanks : India.com : LINK : for detailed news

Brics India Summit 2016 !

Pics by : B S Vohra

Ratan Tata – the name with the most positive impact on the Indian Economy !

Ratan Tata, the chairman of the Tata group since 1991, stepped down on attaining the age of 75 years. Some key milestones the group achieved during his tenure are as below : 

Tata Indica was launched by the group in the 1998 and Tetley group was acquired in 2000. Tata AIG was launched in the year 2001 as its re – entry into the insurance sector and in 2002, they acquired a controlling stake in VSNL. In 2003 Tata Consultancy crossed the $ 1 billion mark in revenue and in the year 2004, Tata Motors was listed on the New York Stock Exchange. They also acquired the famous Daewoo Motors in the same year. 

In 2007 CORUS was acquired which was the second largest steel maker in Europe & in the year 2008 Tata Nano was launched. We still remember the view when Mr Ratan Tata came out of the Nano at the Auto Expo at Pragati maidan. It was a great moment for all. In the same year, they acquired Jaguar and the Land Rover business from Ford and in the year 2012, the year when Mr Ratan Tata, retired, they launched Tata Starbucks Ltd.

It clearly shows the Impact & vision of Mr Ratan Tata on the Indian Economy as the group was doing great business in almost every field i.e. from Salt to Softwares. He received the Padma Vibhushan in 2008 as well the Padma Bhushan in 2000. He was also awarded Knight Grand Cross, which is the highest civilian honour of the British Empire besides many other honorary Degrees & Certifications. His name was added in the Automotive Hall of Fame for his great achievements & contribution to the Automotive sector. 

That’s the life and influence of Mr Ratan Tata, who, even after retirement, even after achieving the great milestones, is still on the way of changing the life of poor peasants in the rural area.  

Such is the impact of his name, that even after his retirement, the new team is working on the path of Glory and the new launch of Tata Motors is the ZICA the  #Fantastico, which is now likely to be called Civet, Adore or Tiago to avoid it’s matching with the Zika Virus, that is causing havoc in many countries. People will now vote for the new name of Zica out of the three mentioned above and the one with the highest votes will be selected as the new name of Tata Zica and it’s likely to create a real personal connection of the customers with the Tata Motors. 

The new name of the Tata Zica is being expected in the month of March 2016. The new hatchback has the very smartly designed interiors and the matching exteriors. It will have the two engine options i.e. Revotorq in diesel and the Revotron in petrol. While saluting the Great Ratan Tata for his achievements & contribution to the Indian economy, we wish a grand launch of Tata Zica with its new name at the earliest possible.

Facts / Pic of Mr Ratan Tata with thanks from :

http://www.tata.com/aboutus/articlesinside/Ratan-N-Tata

Pics and Links of Zica with thanks from :

http://www.tatamotors.com/product/zica/

This blog post is inspired by the blogging marathon hosted on IndiBlogger for the launch of the #Fantastico Zica from Tata Motors. You can apply for a test drive of the hatchback Zica today.

With Mr Gaurav Dwivedi, CEO, MyGov !

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