Guest Lecture on GST

On 11th of October, the session was held in MCA conference hall regarding GST by K.K Kamal.

He is Chartered Accountant by profession.

Previously, there were different tax rates in different states before GST came into existence. But with the birth of GST all the other/ unwanted taxes got removed.GST killed all the boundaries. Almost 22 countries removed boundaries. With the effect of GST, all the custom duties that were paid got removed.

Previously there were total 400 types of taxes that are now converted into one tax rate that is GST.

GST

1. Intra

· Central

· State

2. Inter

Average 23% taxes were implied previously.

Now, the tax rate system has got more transparent.

In GST system, when the return is filed on time than the compliance goes up but when the return is filed late than the compliance goes down.

In GST, the matching concept is followed where all transactions are matched and the report is prepared thereafter.

The government interference has became much less as the transactions are been verified or assessed internally with one another.

Blacklist is been prepared for the defaulters and it is been put on the website of GST.

GST promotes democracy. Tax rate	Food	Entertainment	Transportation	Household-Personal care	Mobile phone
Before	12.5	30	15	28	15
After	5	28	18	18	18

Comments

Two day visit of MBA-I students at Adani Port, Mundra

A REPORT on Two day visit of MBA-I students at Adani Port, Mundra Date of Visit: 29 th -30 th September, 2019 68 students of MBA-I, along with 4 faculty members visited Adani Port at Mundra on 29 th and 30 th September, 2019, as part of Industrial visit organized by the College. Adani Ports and Special Economic Zone Limited (APSEZ) is promoted by Adani Group, one of India’s largest business conglomerates. The US$11 bn Group has interests across resources -coal mining and trading; logistics- ports and logistics, shipping and rail; energy - renewable, thermal power generation and transmission; agro commodities and ancillary industries. Their ten strategically located ports and terminals represent 24% of the country’s port capacity, handling cargo of vast hinterland, demonstrating that when it comes to servicing core national needs, Adani Ports is prepared with scale, scope and speed. Mundra Port is a deep draft, all-weather port that is t...

Students Participation in "All India Essay Writing Event 2016"

Our students Ms. Fatema Ibrahim Surti and Ms. Sashista A. Chauhan participated in "All India Essay Writing Event 2016" organised by Shri Ram Chandra Mission, United Nation Information Center for India and Bhutan, and The Heartfulness Institute.

Group Discussion Report - Flair 2019

Date : 3rd October, 2019 Venue : NCM conference room Group Discussion activity was organized by Narmada College of Management, Bharuch on 3rd October, 2019 at NCM Conference Room, Bharuch. The major objective of the Group Discussion among the students, to observe their personality and skills, ability to discuss on the given subject and to guide them on how to take part in Group Discussions. The facilitator of this activity was Prof. Iramada Khan and coordinate by Raisha Khan. The topic for the group discussion were: 1. English is an official language in India. 2. Are space research project waste of money. list of participants who had taken part in the competition were: Sr. No Name of the participants 1. Chauhan Priyanshi 2. Dave Harvi 3. Dudkiya Priya 4. Chauhan Riya 5. Mistry Hemangini 6. ...

NCM's Newsletter

Search This Blog