Designed to help the candidates appearing the Appendix 3, LDCE, 70% etc of Railway Accounts
Friday, November 30, 2018
Thursday, November 29, 2018
GeM - Government E Marketplace - Article in Hindi
Wednesday, November 28, 2018
Stores material - By Smt Savitri Mahipati, AFA/Training/Ctara
Monday, November 26, 2018
GRP study material compiled by Shri Dhamodharan, AA/Chennai
Saturday, November 24, 2018
GST
GST AND SALIENT FEATURES
(By Shri Joseph Selvakumar, SSO(A)/Trichy )
GST represents Goods and Service Tax implemented on July 01, 2017 through the 101 Amendment of Constitution of India by the Government.
GST is a single tax on supply of Goods and Services, right from the manufacturer to the consumer.
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.
GST has been envisaged as a more efficient tax system neutral in its application and distributional attractive.
GST are divided into five tax labs for collection of tax i.e., 0%, 5%, 12%, 18% and 28%.
The tax rates, rules and regulations are governed by GST council which consists of finance ministers of Centre and all the States.
SALIENT FEATURES OF GST
The introduction of GST would be a very significant step in the field of indirect tax reforms in India.
By amalgamating a large number of taxes, it would mitigate cascading or double taxation in a major way and pave the way for a common natural market.
The overall tax burden is reduced and Indian product become competitive in domestic and international markets.
GST is applicable on sale of Goods and Services as against the present concept of tax on the manufacture of goods.
GST would be destination based Tax as against the present Concept of Origin based tax.
The GST levied by the Centre is called CGST and that to be levied by State is SGST.
An integrated GST (IGST) would be levied on interstate supply of Goods or Services. This is collected by Central Government.
Import of Goods or Services would be treated as interstate supplies and would be subject to IGST in addition to applicable custom duties.
GST has replaced the following taxes which were collected by Central Government:
Central Excise Duty (including additional duties of Excise)
Service tax
CVD (Levied on imports in lieu of Excise Duty)
SACD (Levied on imports in lieu of VAT)
Central Sales Tax(CST)
Excise Duty levied on medicine & toiletry preparations
Surcharges and Cesses.
State taxes that would be subsumed within GST are:
VAT / Sales Tax
Entertainment Tax
Luxury Tax
Taxes on lottery, betting and gambling
Surcharges and Cesses.
The list of exempted Goods and Services are kept to a minimum and harmonised for Centre and States as far as possible.
The credit permitted to be utilised in the following manner:
ITC of CGST allowed for payment of CGST & IGST in that Order.
ITC of SGST allowed for payment of SGST & IGST in that Order.
ITC of IGST allowed for payment of IGST, CGST & SGST.
Create unified common national market for India, giving a boost to Foreign Investment and “Make in India Campaign”
Boost export and Manufacturing activity and leading to substantive economic growth.
Help in poverty eradication by generating more employment.
Uniform SGST and IGST rates reduce the incentive for tax evasion.
Simple tax based system online
Uniform prices followed throughout the country.
Transparency prevails in taxation system.
Higher threshold achieved for registration.
Composition scheme for small business
The number of compliance is lesser.
Defined treatment for E-commerce operations
Improved efficiency of logistics
Unorganised sector is regulated under GST
GST would apply to all Goods and Services except alcohol for human consumption.
GST on five specified petroleum products (Crude, Petrol, Diesel, ATF & Natural Gas) would be applicable from a date to be recommended by the GST council.
Exports would be zero rated.
A common threshold exemption would apply to both CGST & SGST tax payers with an annual turnover of Rs.20 Lakhs (Rs.10 Lakhs for special category States as specified in article 279A of the constitution) would be exempt from GST.
Delay in implementing GST
Increased costs due to software purchase.
Being GST compliant.
Increase in operational costs due to GST implementation may affect existing costs.
GST was introduced in the middle of financial year.
GST is an online taxation system.
SME’s will have a higher tax burden.
GSTIN
GSTIN refers to GST Identification Number assigned to every GST dealer.
Before GST was implemented, all dealers registered under the State VAT law were assigned a Unique TIN Number by the respective State Tax Authorities.
Similarly, service providers were assigned a service tax registration number by the Central Board of Excise and Custom (CBEC)
Going forward in the new GST regime all registered tax payers will get consolidated into one single platform for compliance and administration purposes and will be assigned registration under a single authority.
It is expected that 8 million tax payers will be migrated from various platforms to GST.
All of these businesses will be assigned a unique Goods and Services Tax Identification Number (GSTIN)
Each tax payer is assigned a State wise PAN based 15 digit GSTIN.
The first 2 digit represents the State Code as per Indian Census 2011. The next 10 digit will be PAN number of the tax payer. The thirteenth digit will be assigned based on the number of registration within a state. The fourteenth digit will be Z by default. The last digit will be for check code. It may be an alphabet or number.
Friday, November 23, 2018
NRUCC, ZRUCC & DRUCC
NRUCC
|
ZRUCC
|
DRUCC
|
|
Full form
|
National Railway Users
Consultative Council
|
Zonal Railway Users
Consultative Committee
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Divisional Railway Users
Consultative Committee
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Chairman
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Minister for Railways
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GM
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DRM
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Secretary
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Director, Traffic
Commercial (General) II
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Secretary to GM or any
other officer nominated by GM
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Sr.Traffic Officer (Sr.DOM
/Sr.DCM)
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Tenure
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2 years
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2 years
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2 years
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Tenure commenced
from
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July
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April
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January
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No of times -
Meet
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2 times
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3 times
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Not less than 3 times
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Thursday, November 22, 2018
Allocations - 2015 Books & Budget (with books ) Question paper
|
SN
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BOOKS
& BUDGET (With Books ) – 2015
|
Abstract
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Demand No.
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Minor Head
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Sub head
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Detailed head
|
|
1
|
Salary of TTE
|
G
|
09
|
500
|
530
|
530
|
|
2
|
Salary of Member, Technical of Railway
Claims Tribunal
|
-
|
02
|
-
|
-
|
-
|
|
3
|
Casual renewal of rails
|
-
|
16
|
3100
|
3140
|
3141
|
|
4
|
Repairs & Maintenance of the
residence of engineering gateman
|
B
|
04
|
500
|
530
|
532
|
|
5
|
Telephone charges of DFM – Divisional
Finance Manager
|
A
|
03
|
200
|
210
|
213
|
|
6
|
Normal maintenance and repairs of
overhead equipment
|
E
|
07
|
400
|
410
|
411
|
|
7
|
Ex gratia payment to injured
passengers in Railway accident
|
K
|
12
|
300
|
320
|
322
|
|
8
|
Earnings from the sale of dry trees.
|
Z
|
-
|
500
|
520
|
522
|
|
9
|
Income from ordinary full fares
|
X
|
-
|
100
|
110
|
111
|
|
10
|
Way leave charges
|
Z
|
|
200
|
240
|
245
|
|
11
|
Running repairs to AC 2 tier coaches.
|
D
|
|
500
|
520
|
520
|
Sources of Finance Erstwhile Demand No. 16 / Capital segment of Demand No.80
|
|
Sources of Finance
|
financed from
|
chargeable to
|
|
20
|
Capital
|
General Revenues (Ministry of Finance)
as Budgetary support
|
Land, New Lines, Gauge conversions,
Doubling, Electrification, Locos, Coaches & Wagons.
|
|
21
|
DRF- Depreciation Reserve Fund
|
Appropriated from Ordinary Revenue
(i.e., Railway Revenue under Demand No.14 – Appropriation to DRF, Pension
Fund
|
Track renewals, Replacement of Locos,
Coaches & Wagons
|
|
22
|
OLWR - Open Line Works Revenue
|
Not existed
|
Not existed
|
|
23
|
D.F – Development Fund I
|
Appropriated
from Ordinary Revenue (i.e., Railway Revenue) after paying Dividends to
General Revenues.
Note: PLUS – easy way to remember DF I, II,
III & IV.
|
Passenger welfare works
and other Railway user works (waiting hall, goods sheds & Parcel offices)
|
|
33
|
D.F – Development Fund II
|
Labour/Staff Welfare
Works (Hospitals, Schools, Rly. Institutes, Quarters for Cl.III& IV
staff)
|
|
|
43
|
D.F – Development Fund III
|
Un-remunerative works
(modern train control equipment, washable aprons, new flag stations,
improvements to Station/Office buildings)
|
|
|
53
|
D.F – Development Fund IV
|
Safety
Works (All safety works other than ROB/RUBs & LC gates)
|
|
|
24
|
ACSPF - Accident Compensation, Safety, Passenger Fund
|
Not existed.
Accident compensation - transferred to
Demand No.12/SMH 10
Safety - Transferred to DF IV
Passenger welfare works - DF I
|
Not existed
|
|
25
|
C.F – Capital Fund
|
From Ordinary Revenue (i.e., Railway
Revenue). If any surplus available after paying Dividends to General Revenues
and appropriating to D.F, R.S.F, Railway Liability Reserve Fund.
|
All works which are hitherto
chargeable to Capital are now chargeable to Capital fund subject to
availability of amount in the Capital Fund.
|
|
26
|
R.S.F – Railway Safety Fund
|
Appropriated from Ordinary Revenue
(i.e., Railway Revenue) after paying Dividends to General Revenues and from
CRF-Central Road Fund and RSWF – Railway Safety Works Fund ( maintained in
the ministry of finance)
|
Plan Head 29 – Conversion of unmanned
to manned Level Crossing(LC) Gates
Plan Head -30 – Construction of
ROBs/RUBs
|
|
27
|
SRSF - Special Railway SafetyFund
|
Not existed
|
Not existed
|
|
29
|
RRSK - Rashtriya Rail Sanraksha Kosh
|
From ordinary Revenue, Cess on Fares,
Contribution from CRF- Central Road Fund & Budgetary support from
ministry of finance
|
Tr
Track renewals &upgradation
2. Bridge rehabilitation
3. Elimination of LC gates
on BG routes by 2022 }
Construction of
ROBs/RUBs
4. Replacement &
Improvement of Signaling system.
5. Improvement & up
gradation of Rolling Stock.
6. Replacement of
Electrical assets
7. HRD – Human Resources
Development.
|