What is GST, Know About GST Registration Number,Tax

In this post, we are going to share all thing about GST, How GST is going to affect our life. GST is an upcoming system of taxation in India which is going to be implemented from 1st July 2017 in India. What is GST in india?. What is GST registration number, how to get GST registration number online? what is GST tax?.

The GST is governed by the GST Council and its Chairman is Finance Minister Arun Jaitley.

GST

The government has categorised 1211 items under various tax slabs. With its diverse implications and ambit, the GST will be the biggest taxation shake-up in India since independence. Here are the main points about GST that you should know about before it is implemented from 1 July 2017.

GST will be effective from 1st July 2017. GST rates of services will be in 4 slabs.  i.e 5,12,18,28. Medicines and all the thing related to health care directly or indirectly have been exempted fro GST tax. Education and travelling from the metro and local train have been also exempted from GST taxation.  Basic foods like cere lac, eggs, meats also exempted.

Flying in economy class comes under 5% of slabs. whereas business class comes under 12% taxation. The non-air-conditioned restaurant comes under 12% of GST tax whereas air conditioned restaurant 18%.

Hotels with tariff under 1000 GST exempted, hotels with tariff under 2500-5000 18% GST and having tariff above 5000/- will cost 28% GST tax. Telecom services, Financial services comes under 18%, construction of houses under 12%, entertainment and cinema under 28% tax.

CHARTER OF DEMANDS FOR 11TH BIPARTITE SETTLEMENT Wage Revision 2017

CHARTER OF DEMANDS FOR 11TH BIPARTITE SETTLEMENT ON REVISION OF WAGES AND SERVICE CONDITIONS: By

BANK EMPLOYEES FEDERATION OF INDIA(BEFI).

CHARTER OF DEMANDS FOR 11TH BIPARTITE SETTLEMENT Wage Revision 2017

01. BASIC PAY

· Revision of Basic Pay w.e.f. 1-11-2017 by the merger of Special Allowance (7.75%of B.Pay) along with D.A. payable on Basic Pay and Special Allowance at the average index for the quarter July-September 2017.

· Construction of revised pay scales by loading thereafter at 20% to clerical staff and 25% to subordinate staff.

· Fitment on stage to stage basis

Stagnation Increments:

· Stagnation increments once in 2 years without any ceiling for both clerical and subordinate staff.
· Stagnation increment/s to be given in all cases of reversion from officer to clerical cadre and clerical to sub staff cadre

Continue reading “CHARTER OF DEMANDS FOR 11TH BIPARTITE SETTLEMENT Wage Revision 2017”

Fee Excess DRS Charges, How to Avoid Fee Excess DRS Charges in SBI

we have already discussed Fee Excess DRS Charges in  SBI. In this post, we are going to write how to avoid FEE Excess DRS charges in SBI.

First of all kindly note that once the amount has been debited with having remarks FEE Excess DRS Charges then it’s non-refundable as at the time of account opening you have signed and accepted all the terms and conditions of sbi including their value added services i.e. vas charges.

If you Perform 4 debit transaction in your SBI Parent branch then its totally free but for that, you have to maintain minimum average quarterly balance.if you are making the debit transaction more than 4 times from your home branch or over 40 debit transaction from your internet banking then the bank will charge FEE Excess DRS charges from your account on basis of transaction performed by you. And also kindly note that this amount is non-refundable amount.

Also, note that if you are not performing your transaction from your parent branch then once you have crossed 20 debit transaction through internet banking or debit card bank will again charge FEE Excess DRS Charge from your bank account. And FEE Excess DRS charge amount can be high or low it depends upon the number of transactions made by you in that respective month. So by maintaining average quarterly balance in SBI we can minimise or avoid the fee excess charges. Or just open saving account in any other nationalised banks. DRS full form is, sbi drs full from.

Excess DRS charges are Rs 6 per transactions on each online transactions.

Rs 0-1000 => 20 online transactions
Rs 1000-25000 => 40 online transactions
Rs 25000 and above => Unlimited

Per excess transactions chargeable @Rs 6 per online transaction and @Rs 23 per atm transaction

Kindly also check this post how sbi is calculating DRS Charges

What Is Excess DRS Charges in State Bank Of India

Also by having a current account, we can avoid fee excess drs charges in SBI. For More Details feel free to comment here or call State Bank Of India 24×7 call centre number 18004253800 (Toll-Free) or Contact your parent branch.

Balance Enquiry Mini Statement Missed Calls Banking Number for All Banks

In This post, we are going to share the balance enquiry, mini statement toll-free numbers of all nationalised banks. The missed call banking service generally requires one-time activation from your number. To get the service activated your number should be linked to your account in bank records. In case not just go online or visit your branch and update your number. However, some banks do not require any activation.

As of now, most banks provide two services – balance enquiry and mini statement though Missed Call.

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What is the best Term Life Insurance and how to choose right plan Top Ten Life Insurance Plan

What is the best Term Life Insurance and how to choose the right plan?. It’s like asking “which is the best car or best shirt out there?”.  Everyone will have a different answer. Similarly, when it comes to one’s financial life, one size do not fit all.

Then what should you be asking/searching for?. No medical exam life insurance.life insurance no medical exam no waiting period. whole life insurance no medical exam .term life insurance no medical exam. no medical exam life insurance for seniors guaranteed life insurance. whole life insurance no medical exam no health questions. These are the various question asked by the visitors, one thing one should understand without having a proper medical check up no insurance company is going to give best and genuine term life insurance. genuine in the sense it will be really difficult for your family your dependent  to get the claim settlement

The logical question sequence of buying best term life insurance is this:.

1. Do I need Life Insurance right now or in my near future?
2. What kind?
3. For how long?
4. How much?
5. Are my existing policies(if any) sufficient? If not, what is the shortfall?
6. Now that I know what I need, which products from which companies can fulfil my requirements in the best way? Which among them is the lowest cost?
7. Am I currently eligible to buy it? At normal rates? If not, what can I do to become eligible?
8. Do I buy it directly from the company’s website to save costs? Or through an agent?
9. If I want to buy it directly, can I still get good advice to answer questions 1 to 7? Continue reading “What is the best Term Life Insurance and how to choose right plan Top Ten Life Insurance Plan”

Sbi Minimum Balance Charges, All You Need to Know (Effective from 1st April)

SBI New Rules, SBI Minimum Balance Charges, RBI Rtgs Charges All You Need to Know: Authorities of State Bank of India (SBI) has also formulated the SBI New Rules From April 2017 after a gap of five years. State Bank of India will be implementing the changes they announced a month back.

Authorities of State Bank of India(SBI) has also formulated the SBI New Rules From April 2017 after a gap of five years.

SBI account holders are advised to have a glance at theFrom April 2017, Service Charges Minimum Balance, ATM Fee from here To Be Implemented From April 1st onwards to be on the safe side.

Unlimited SBI ATM use without any charges, If you maintain 25000/- in your SBI savings account.

Unlimited SBI & OTHER BANK ATM use without any charges If you maintain 100000/- in your SBI savings account.

Continue reading “Sbi Minimum Balance Charges, All You Need to Know (Effective from 1st April)”

11th bipartite settlement expected pay scales Of IBPS PO Sbi PO 2017

In Our Earlier Posts, we have shared all the latest update about bank wage revision 2017. In this post we are going to share WHAT will be the pay scale of SBI PO, IBPS PO after 11th bipartite settlement expected pay scales Of IBPS PO Sbi PO 2017.

As We all know that the DFO (Department of Financial Services), MOF (Ministry of Finance) has been already communicating regarding 11th bipartite settlement. They have issued a notification to all the banks that are part of the process, advising them to complete the whole process well before the due date i.e. 1st November 2017.

Here we are sharing the complete demands of wage revision in the bank 2017. Continue reading “11th bipartite settlement expected pay scales Of IBPS PO Sbi PO 2017”