India International Beauty & Wellness Fair 2024

Are you ready to showcase your brand to a diverse audience passionate about beauty and wellness?

The beauty and welfare industry is flourishing in modern times, with many people starting their businesses. Some individuals create tutorial videos to teach others about beauty techniques and then establish their institutes. Others develop their beauty product lines and launch their own companies. A woman’s beauty is often said to be her most precious asset.

Keeping these in mind, India International Beauty & Wellness Fair organized a Two day expo at its Bombay Exhibition Centre, Mumbai. All businessmen, influencers etc… related to beauty and wellness should participate.

PREMIER EVENT FOR THE BEAUTY & WELLNESS INDUSTRY IN INDIA

JOIN INDIA INTERNATIONAL BEAUTY & WELLNESS FAIR 2024

Explore a vast collection of popular brands and emerging artists in skincare makeup haircare spa wellness and more. This is marketing by Franchise Batao.

Date:- 18-19 March 2024
Timing:- 10 am – 7 pm
Venue:- Bombay Exhibition Centre NESCO Goregaon.

BOOK YOUR STALL 

Why you should exhibit

  1. Showcase your brand
  2. Launch new products and services
  3. engage in knowledge sessions
  4. Access to decision-makers
  5. Media Coverage and PR opportunities
  6. Maximum visibility
  7. Networking opportunities
  8. Generate leads and drive sales

India International Beauty & Wellness Fair Highlights

  1. Fashion Shows
  2. Live Demonstration
  3. Meet the celebrities
  4. Seminars/Conferences
  5. Product Launch
  6. Awards Shows

BOOK YOUR STALL 

India International Beauty & Wellness Fair 2024 major attractions

Book your stall at INDIA INTERNATIONAL BEAUTY & WELLNESS FAIR

For exhibitor registration click here https://forms.gle/X4PY4mee492nawC5A

For stall bookings and inquiries, please contact:: 9811749170

 

Suggested Blog:-

One Bite Food Chain: A Recipe for Franchise Success in the Indian Market

As a food lover, I have always been intrigued by the fast food franchise industry. In recent years, India has seen a massive boom in this industry, with several international and domestic brands vying for a share of the market. I have been researching this industry for a while now and have found that One Bite food chain is a cost-effective and profitable option for those looking to own a fast food franchise in India. In this article, I will be discussing the benefits of owning a One Bite franchise, steps to owning one, and how to make it profitable.

one bite restaurant banner

Introduction to One Bite Food Chain

One Bite is a fast food franchise that was established in 2016. It operates on a unique model where it offers a limited menu of snacks and beverages that can be prepared quickly and easily. This model has proved to be successful, and One Bite has expanded rapidly in the last few years, with over 150 outlets across India. The company’s motto is to provide affordable and tasty food, and it has been able to achieve this by keeping its menu simple and prices low.

The booming fast food franchise industry in India

The fast food industry in India has witnessed tremendous growth in recent years. According to a report by Statista, the revenue in the Indian fast food industry is projected to reach USD 27.6 billion by 2023. This growth can be attributed to various factors such as rising disposable incomes, changing lifestyles, and increasing urbanization. The fast food industry has also been able to adapt to the changing preferences of Indian consumers by introducing vegetarian and healthier options.

Factors to consider when choosing a fast food franchise

Choosing a fast food franchise can be a daunting task, given the numerous options available in the market. There are several factors to consider before investing in a franchise, such as the brand’s reputation, franchise fees, location, and support provided by the franchisor. It is also essential to research the market and understand the demand for the brand’s products in the chosen location.

One Bite: A cost-effective fast food franchise option

One Bite is one of the cheapest fast food franchise available in the market. The initial investment required to set up a One Bite outlet is around INR 5 lakhs, which includes the franchise fee, equipment, and inventory. The company also offers flexible payment options, making it easier for potential franchisees to invest. One Bite’s menu is designed to be simple, with a focus on snacks and beverages that can be prepared quickly and easily, reducing the need for specialized equipment and staff. This makes it an affordable option for those looking to start a business in the food industry.

Franchise Fees we are Charging for Different Models available @OneBite are ;

Take away Model

  • ROI- 9- 12 months
  • Area- 120- 200 sq. ft
  • Franchise Fees- 4.5 Lacs + GST
  • Total Investment:- 9 to 10 Lacs

Stand Alone/ High Street Model

  • ROI- 12-15 months
  • Area- 200-500 sq. ft
  • Franchise Fees- 5 Lacs + GST
  • Total Investment:- 12 to 14 Lacs

Dine–in Model

  • ROI- 15-18 months
  • Area- 600-1000 sq. ft
  • Franchise Fees- 5 Lacs + GST
  • Total Investment:- 15 Lacs

The benefits of owning a One Bite fast food franchise

Owning a One Bite fast food franchise comes with several benefits.

  • Firstly, the brand is well-established and has a loyal customer base, reducing the risk of failure.
  • Secondly, the company provides support to its franchisees in the form of training, marketing, and advertising. This support ensures that the franchisee is equipped with the necessary skills and knowledge to run the outlet successfully.
  • Thirdly, One Bite’s menu is designed to be affordable, making it accessible to a wider customer base and increasing the chances of profitability.

Steps to owning a One Bite fast food franchise

The process of owning a One Bite fast food franchise is straightforward. The first step is to visit their website and fill out the franchise application form. Once the application is approved, the franchisee will be required to sign a franchise agreement and pay the franchise fee. The next step is to identify a suitable location for the outlet, keeping in mind factors such as footfall, accessibility, and competition. One Bite provides support in identifying the location and setting up the outlet. The final step is to undergo training provided by the company and start operating the outlet.

How to make your One Bite franchise profitable

Making a One Bite franchise profitable requires careful planning and execution. The first step is to identify the target audience and understand their preferences. One Bite’s menu is designed to cater to a wide range of customers, and it is essential to promote the products that are popular in the chosen location. Marketing and advertising play a crucial role in driving footfall to the outlet, and One Bite provides support in this area. It is also essential to ensure that the outlet is well-maintained, and the staff is trained to provide excellent customer service.

The support and training provided by One Bite

One Bite provides comprehensive support and training to its franchisees. The company offers training in areas such as food preparation, hygiene, and customer service. One Bite also provides marketing and advertising support, including promotional materials and campaigns. The company’s support ensures that the franchisee is equipped with the necessary skills and knowledge to operate the outlet successfully.

Success stories of One Bite franchise owners

One Bite has several success stories of franchise owners who have been able to establish profitable outlets. One such success story is that of Mr. Raju, who owns a One Bite outlet in Mumbai. Mr. Raju was able to break even within six months of starting the outlet and has since then been able to establish a loyal customer base. He attributes his success to the support provided by One Bite and the simplicity of the menu.

Conclusion: Why One Bite is the recipe for franchise success in the Indian market

In conclusion, One Bite is a cost-effective and profitable option for those looking to own a fast food franchise in India. The company’s unique model, affordable menu, and comprehensive support make it an attractive option for potential franchisees. One Bite’s success stories are a testament to the brand’s reputation and the support provided by the company. I highly recommend One Bite to anyone looking to start a business in the fast food industry in India.

Compare gst rates with vat



There is a huge difference between earlier and now in GST rates. we compare GST rates with Vat but it is meaningless.

Goods and service tax is consisting of 17 types of taxes and Vat is only one part of the same. I am not getting the Point why people are comparing the GST rates with the Vat and CST rates.

This is true that there will be an impact of Goods and service tax on Product and Services. Few of them will be costlier and other will be cheaper. Whenever such revolution will take place there will always be advantages and disadvantages of GST.

compare gst rates with vat

This revised GST rate is very beneficial for everyone. The discussion on the revised GST is very fruitful.

Let see the changes on it with a comparison between earlier and revised GST.

GST rates on cashew nut earlier it was 12% but now it is only 5%.

GST rates on the preparation of vegetables, fruits, nuts or other parts of plants including murabba, chutney, pickle, jam, jelly etc earlier it was 18% to 12% but now it is only 12%.

Tax rate of GST on Ketchup & Sauces, salad dressings, mustard, mayonnaise earlier it was 18% but now it is 12%.

Bari made of pulses earlier it was 18% but now it is 12%.

Tax Charges after GST on ice and snow change from 12% to 5%,




 

curry paste, mayonnaise, and salad dressings Tax rate changes from 28% to 18%.

All Types of Salt becomes 0% and earlier it was 5%. This is Important decision in goods and service Tax.

GST on Biogas earlier was 12% and now it is only 5%.

Exercise books and notebooks change from 18% to 12% . These are majorly used by students and offices.

GST on children’s pictures, drawing or colouring books becomes NIL and earlier it was 12%.

GST on human dressed, thinned, bleached, hair or other work earlier it was 28% but now it is NIL means 0%.

Glasses, which uses for spectacles and flint buttons changes from 18% to 12%. Now Specs will be Cheaper.

Important for You

What Are the advantages of GST

GST on semi-precious and rough stones changes from 3% to 2.5%.

GST on Aluminum foil earlier it was 28% but now it is 18%.

Air based Atta chakki or pawan chakki earlier it was 28% but now in revised GST, it is only 5%.

GST on Fixed speed diesel engines changes from 28% to 12%.

Rear tractor tires, tubes, wheel rim, and weighing machine changes from 28% to 18%.

Tax on printers other than multifunction printers GST becomes 18% to 28%.

GST on Ball bearing, parts & related accessories earlier it was 28% but now it is 18%.

GST on Transformers, industrial electronics, and static convertor’s (UPS) changes from 28% to 18%.

Recorder, CCTV, set top box for TV, computer monitor (less than17 inches), winding wires. Tax Rate was 28% now change to 18% in GST India.




GST on Walkie-talkie used by defense, police, and paramilitary forces etc. earlier it was 28% but now 12%.

Baby Carriage tax rate on GST becomes 18% from 28%.

Electrical filaments or discharge lamps earlier was 28% but now it becomes 18%.

GST on Optical Fiber, spectacles, corrective, changes 28% to 12%.

compare gst rates with vat

And in all other things also GST declining from earlier GST’s.

As we, all know goods & services tax (GST) is the main thing that influences businesses, small or large.

 

Also read:

Indian services GST rates with input tax credit

 

Indian services gst rates with input tax credit



Indian GST rates with input tax credit or without ITC on different goods and services. Get all GST rates on services with effect from 1st July. The information uploaded immediately after the GST Council’s decision and it will be subject to further vetting during which the list may undergo some changes. The decisions of the GST Council are communicated for general information and will be given effect to through gazette notifications that shall have a force of law. The Council has generally permitted the GST rates for services at Nil, 5%, 12%, 18% and 28% as listed below.

Indian  GST rates with input tax credit on goods and services…

(Input Tax Credit = ITC)

    • 5% GST with ITC of input service put on a transport of goods by rail.
    • 5% with ITC of input service, GST on the transport of passengers by rail (other than sleeper class).
    • 5% GST without ITC on service of goods transport agency in relation to transportation to goods from one place to other excluding household goods for personal use.
    • 5% GST and no ITC On the service of goods transport agency in relation to transportation of second-hand goods or household goods for personal use.Indian gst rates
    • 5% GST with ITC service of input service on transportation of goods in a vessel service provided by a person located in the non-taxable territory to the person located in a non-taxable territory.
    • 5% GST without ITC on Renting of the motorcar and if the fuel cost is bear by the service recipient then GST will apply 18%.
    • 5% GST without Input Tax Credit  on the transport of passenger by- a radio taxi and air-conditioned contract other than motorcar.
    • 5% Indian services gst rates without input tax credit of input on transportation of passenger by air in economy class.
    • 5% GST on conveying of passengers by air, with or without accompanied belongings in a regional connectivity scheme airport.
    • 12% GST on the transport of goods in containers by rail and by any other person other than Indian railways.
    • 12% Indian services gst rates with input tax credit on Renting of hotels, guesthouse, clubs, or other commercial places.




  • 12% GST with full ITC in the supply of foods/ drinks in the restaurant not having a license to serve liquor.
  • 18% GST with full ITC on the supply of food/drinks in the restaurant having the license to serve liquor.
  • 28% GST with full ITC on supply of foods/ drinks in 5-start or above
  • 28% with full ITC on service provided by a race club.
  • 28% with full ITC on gambling.
  • GST on the transfer of the right to use any goods for any purpose for cash is at the same rate of GST and compensation.
  • GST on the transfer of any right in goods or undivided share in goods will charge same rate of GST and compensation as on supply.
  • GST charged on the supply of transfer of title in goods under an agreement. Which specifies that property in goods is GST and compensation as on supply if similar goods.
  • All another service that not specified anywhere GST will be charged 18% with full ITC.

Also Read:


Compare GST rates with vat

click Here For More Information on Indian services gst rates with input tax credit 

How to keep viewers Engaged in your social media platforms?

In today’s business life social media platforms play a very important role. We all know that social media traffic can provide a wealth of traffic on your website. Facebook, Twitter, Instagram, Google Plus, and Pinterest all are highly active social media networks.

Therefore, it is very important to engage viewers with your social media platforms account. For this, you have to accelerate social media traffic growth.

 social media platforms

As a result, an importance question is stuck in mind is that how to keep viewers Active and Engaged in your social media platforms?

Now come to the point, so here is the solution. By reading this article, you are able to get more followers, likes, and fans for your social media platforms.

By joining a variety of social media platforms, you are able to attract viewers towards your service or products. However, this happens after you develops large followings.

How we develop a large number of followers in the social media platform?

These points can help to keep viewer active and engaged in your social media platforms:

  • For this, the first and foremost step is to identify goal and objective, create a plan and stick to it.
  • Try to understand your customers or viewers need.
  • Share and post unique, valuable content on your social media platforms regularly.
  • Provide benefits through social media.
  • Link your social platforms with the website and vice-versa don’t make it Spam.
  • Optimize your social media accounts, Engage with everyone, share with everyone, and consistently post at a comfort rate.
  • Use Hashtags (#), provide Q & A’s, post content that makes sense.
  • Ask clients to share and contact, and tackle customer’s complaints efficiently.
  • Always treat each social media account as an individual one.
  • Include the icons of social media networks with your website. It will make easy to share and read your posts.

So, I hope you like this blog. However, I wish it is helpful for you and through my advice, you may able to increase traffic to your website through social media platforms.

you can check Business Batao Social profiles from Home Page.

How to fill gap in skills available in college and required by organizations?

In today’s life, There is a big gap between skills available in college and skills required by organizations or industries. there is a big problem that is facing by innocent job seekers. Every organization or industry wants experienced employee. They think that experienced employee decreases the risk. However, because of this thinking, many job seekers are grooming office to office for a job but result always negative.

skills available in college and skills required by organizations

When job seeker goes for interviews that gap shown in their resume. For increase the employments it becomes very important to bridge the gap between skills available in college and skills required by organizations.

The organization wants abilities that job seeker can’t learn during graduation.

  • Technical abilities like designing, testing, configuration tools, etc.
  • Professional qualities like ethics.
  • Personal skills like communication, teamwork, etc.

These abilities only gain by physical working not theoretically. Industries search for minimum solutions that minimize their risk and it concerned with mainly cost. On the other hand, academic world struggle for maximum solutions to maximize their identification and it mainly concerned with the benefits and prestige…

Businesses looking for innovative solutions that only can do an experienced peer.

Now comes to the point… how we can bridge that gap between skills available in college and skills required by organizations so the solutions are-
  1. Provide training for fresher at the company expenses to address missing skills.
  2. Partnership with colleges can help those bridges.
  3. Motivation techniques and technology sharing with academics can bridge that gap.
  4. Talk them, and build a learning solution around the difference of fresher and experience.
  5. Advance online learning also help in that.

It is a fact that by giving training less experienced or fresher is less costly than hiring a more experienced employee.

By raising the consciousness of these areas, that gap can be minimized. Find the area where students most frequently fail to meet expectations of the organizations. Make curriculum changes and adjustments with students to address these problems.

Giving job knowledge, identification of high performers, necessary training, best practices, and assessment of what you have opposed to what you need and after that, measurement of results increases the efficiencies of fresher’s.

Reliance jio, achievements, and effects on competitors.


Reliance Jio

Now a day reliance jio become very famous about the free internet and free calling. Now jio has more than 108 million users in India and of which 72 million already switches to jio prime membership. It is good news for Mukesh Ambani.

New Jio prime members are able to carry on with unlimited data and free calling.

Nevertheless, because of reliance Jio other networks like Airtel, Vodafone, idea and other networks are day by day losing their customers.

Now a day we all are able to see a tariff war between reliance jio and other networks like Airtel, Vodafone, idea, etc… In India there is a big rush of 4G and Airtel, Vodafone, idea and other networks are fighting a brutal competition.

Effects of reliance jio on other networks:

reliance jio




The Reliance jio has completely shaken up the market for mobile networks. Because of jio, competitors are also helpless. Moreover, to exist in the market they reduce the price of mobile data. For some time they also provide free data. Airtel, Vodafone, idea, and others are introducing new plan and offer to be in the market like:

  • Airtel introduces two unlimited voice calling packs at Rs. 345 and Rs. 145.
  • Vodafone begins a plan of Rs. 297 in which they provide 4 GB of 3G with a validity of 28 days.
  • Idea starts a plan of 3GB with the validity of 28 days in just Rs. 297.
  • Now most companies has start giving 20-28 GB Internet for a month at Rate slab of 200 -350 Rupees per month. this is the biggest effect of Reliance Jio revolution.

You may be interested in  Top 10 Home Based Business 

Day by day Reliance jio made big announcements for customers. Now, reliance jio is on number 2 telecom network provider in India. Reliance Telecom also captures almost 25% market share. It has gain maximum Number of Clients in Short span of Time.




This is the very proud feeling for reliance that they achieved a position that takes over a decade to achieve it. Jio is a new and youngest network in the world. It achieves more than 108 million customers so early.

Jio does not provide 2G or 3G connectivity option. However, It is only one network of India that provides only 4G service for their customers.

It is good for normal people and reliance but bad for other networks…

 

How to write a business blog article without suck in writing? Some Tips and Advice

Tips and advice on writing a blog

I’m writing this to give you some tips, advice, and tricks on how to write a business blog article without suck in writing.

As we, all know that blogs are the main key to success. I also face many problems during writing. I struggled very much to write an attractive blog. However, during that struggle, I learned from it so many things that I’m going to share with you.

Tips and advice on writing a blog

Now don’t worry to write something because I’m here to help you.

So, the first and foremost thing that you have to keep in mind during writing that the heading, title, a label should be attractive. Construct a click-worthy or killer headline or title.

And think about what you want to share with your targeted audience. Make your blog easy to search, navigate. Identify what people want and how you can help them. Develop your line of attack, strategy, procedure, plan, and tactics.

Research your keyword and phrase that you are going to share through your blog creation.

Don’t forget to enjoy writing and make it creative by using friendly, pleasant, gracious, satisfying, lovely, agreeable, and enjoyable words, and sentences.

Always skip using the jargon or difficult words that can’t anyone understand easily.

Write all answers of the questions that your customers want to ask. Use your time, effort, and resources to stay connect with your customers and targeting clients. Try to give wings to your content.

Write business blog daily that can help you very much and it’s also good for your business. Don’t write big article write it around 300 to 350 words. Always keep in mind that quality is more important than quantity. It does not take too much time to read. It is also helpful in ranking and to gets more and more traffic…

Share your blogs on your social media platforms. Use an attractive image in every blog. Don’t forget to ask questions on the blog. If it’s possible to make a video about what you write than share it.

I hope you enjoy my writing. If you think my tips and advice is helpful to you so try it and write an awesome article.

 

Overcome With The Fear of Failure in Business by becoming the expert

How To Overcome Fear Of Failures In Business?

There are many ups and Fear of Failure in Business downs in every field of market.  People just need to keep themselves calm at the prime time to tackle the situations.  There are ways and many paths to
travel on while trying to tackle the fear of failures in our business. These are the only stages of any business which either makes a businessman or destroys them.

Top 7 Points to Overcome the Fear of failure in Business

1. Don’t be afraid to taking risk
         Always remember Business=Risk. Never get afraid of taking the calculative risk in the Business. If you have not the power to take the risk then Job id good option for you. Risk will always procure sweet results. You have so many tools and reports to calculate the risk. Having the power to take the risk will also overcome your fear of failure in Business.
 2. Never get demoralized 
              Always try to learn and gain from the challenges we go through in our business career which is the main reason for the growth in the business field as one should never stop to learn something from the life.The one who gets upset and stacked by the failure and just lose up to all the hopes never succeeds in his life.
 3. Good Analyzing Power
              The positives should be plucked out of the failures by analyzing about the condition. You can also learn by the mistakes that were being done by oneself in spite of building a negative attitude in yourself. The main thing is that a short summarized solution of what we did and what we should have done be there at the time of analyzing the condition. Analytical power is the best way to overcome the fear of Failure in the Business.
 4. Always Have good reputation in the Market

           Always make goodwill in the market. It helps you in the worst condition. You will always find someone with you at that time. Good Friends will surely help you to overcome the fear of failure in the Business.

5. Ask For Help or consultancy
            One should always try to grab up the qualities of others. So, in the case of fear of failure consult to anyone experienced who can provide some sort of ideas related to the concerned problem and it may also help an individual in getting out of the problem by exchanging of ideas with others. Sometimes this type of conversations not only solves the problem but also becomes beneficial for an individual in his future for the various challenges faced in the business and provides new sort of thinking way towards the business.
 6. Be Ready With Next Action Plan
          Whenever a business project, deal or any sort of work is under progress there are always two or more plans to tackle each and every situation as one never knows when a plan may block the way towards the destination. Instead of getting sucked in the situation always a second plan should be there to carry on the work and not
face a problem.
 7. Avoiding What would Society think?
              In many of the cases, people just loose there much of the confidence in such tough situations by thinking over the point that what will the people around us will think if we will not be able to get ourself’s out of this task. One should never focus on the talks going around as the people around us will always try to manipulate us with their thoughts if we listen to them instead of that. One should always try to do what he likes and what he wants without caring about the society.
Also read

#How to Overcome with the Fear of Failure in Business

Positive Negative of Budget 2017

Union Budget of India had introduced on 1st of April 2017 in the mid of elections in Five
States.

There are many Points in the Budget but what are the positive and negative of Union Budget 2017.

Positive and negative of budget 2017 for Low and Middle-class People. How will it impact on the middle-class family?

That was the first time when Union and Rail Budget was announced at the same instance. Our Finance Minister Shri Arun Jaitley introduced the whole budget on 1 February 2017.  The main focus of the budget was in the agriculture sector, Demonetization and Improving Railway as well.  There are many relaxations provided related to income tax for middle-class families.
As picking up the positives from the budget for middle and lower class families-:
• Relaxation in Income Tax:
From Now onwards each individual earning b/w Rs 2.5 to 5 lakh per year will have to pay 5% tax instead of 10% due to the relaxation policy of the government in the budget.
• Train traveling will be cheaper with the step towards not charging service tax on online users those who book their tickets from IRCTC.
• ‘ Start Your Own Business‘  scheme to be extended for the next two years.
• There will be now only one-page form for the taxpayers of income up to Rs 5 lakh.
• Aiming to uplift the digitization in a country, high-speed broadband connectivity and WiFi network
will be provided in over 1 lakh gram panchayats.
• Those who are having their income above Rs.5 lakh will be benefited with an amount of Rs.12,500 in their tax.
• With the time the Indian Government has planned to provide 100% electricity in the rural areas.
• On the basis of Aadhar Card, senior citizens are to be issued with health cards.
• Two more schemes are to be launched by the government to assist the use of Bhim app which was launched by
our Honourable Prime Minister on 30 December 2016 to promote e-payments through banks.

More From the Budget 2017.

• A grant of Rs.187223 Crore is decided in the budget of 2017-18 which much more than the budget of
last year for the improvement of rural, Custom agricultural and related sectors.

• As per the FM target for each individual agricultural credit is fixed at Rs.10 lakh.
• There will be a hike in the FASAL BIMA YOJANA by 10 percent as it was 30 percent before and now it will be
in 40 percent.
• Rs.23000 crore passed in the favor of PM Awas YojaCustoms
• duty on LNG will reduce by 2.5% as it was 5% before and now it will be 2.5% which will affect its rate
as well.
• Amount of approx Rs.48000 crore has assigned for MGNREGA.
As usual there are always some negatives as well with positives. So, the decisions which went against the will of middle and lower class families are-:

Negatives of Budget 2017 

 • As a punishment, there will be up-to Rs.10,000 fine for the late filling of tax returns.
• Surcharge of 10% for the people having income b/w Rs.50 lakhs to 1 crore and those above 1 crore will
have to pay 15% as surcharge amount from their side.
• There were many issues with the charitable donations coming up so the government decided to restrict the
charitable donation from Rs.10,000 to Rs.2000.
• With the increased customs duty, rise in the prices of silver coins and medallions.
• The government restricts cash deals on the amount of and over Rs.3 lakh.
• No relaxation has been provided by the government related to the corporate tax with the exception for small and medium companies.
• Tightening up of rules for Big corporations and building MSME’s for the growth by tax relaxation.

There are many positive decisions to seen in the favour of our middle class and lower class families.

we had seen on the concept of tax relaxation, for farmers loan facilities and for rural areas MGNREGA upliftment by funds and full-time electricity plan.

Some of the decisions to make the generation aware are looking to be the harsh one like of tax late fine but in real its beneficial and the one decision on donations to charitable societies or communities is to stop the black money which is a big problem nowadays for all of us.
Also Read

Main Points of Union Budget India 2017

 For the first Time, Railway budget and Union Budget India 2017 are present together. Finance Minister Shri Arun Jaitley had declared the Budget on 1 February 2017. Many People suppose that it will be an election Budget as there are elections in Five States but there was nothing specific in that.This Union Budget India 2017 was measurably Focus on Rural Areas, Black Money, and demonetization aspects. Nevertheless, the government is abode to make the Cashless economy by limiting cash transactions.

Union Budget India 2017

The government is abode to make the Cashless economy by limiting cash transactions. Therefore,  FM says that there is a mismatch in the paying capacity and Income tax return Filing in India. Therefore, there is a need to make it simple.

Here are the Main Points of Union Budget India 2017 

1.Income Tax

  • Individual income tax:  Good News for those people whose income below to 5Lakh in a Year. Nevertheless, they now have to pay tax at 5%. There will be no Tax until the income of 3Lakh.
  • For those whose Income is above to 5lakh were benefit at  Rs12500;. There is a surcharge on income above Rs 50lakh.
  • From the Financial year 2017-18, there will be a single page  form for Income Tax up to an income of Rupees 5Lakh.
  • Corporate tax for MSME’s is also reducing to 25% for those whose annual turnover is less than 50crores.

2.Agriculture

  • Farmer’s credit is set at record Point of 10 trillion. This will make sure adequate proportion at need areas.
  • For micro-irrigation, there is a fund worth Rs 5,000crore.

3.Poor’s and women’s

  • Antyodaya Mission has been introducing for 1crore below poverty line families to bring up.
  • MGNREGA: Fund of Rupees48,000crore announced a Special focus on women participation. Highlights of Budget 2017 will be more.
  • PMGSY: Rs27000crore to spend in 17-18 along with states. New Fund of Rupees 19000 allocated.
  • PM Awas Yojana: Fund of Rs23,000crore Passed.

4.Rural areas

  • Rural livelihood: Rupees187223crore passed for the rural program and Rs 4,500crore for Livelihood.
  • There is a mission of 100 percent electricity in village by
    2018.

5.Hospitality

  • Big announcement for Gujarat and Jharkhand with new AIIMS in these two states.

6.Lower cast

  •  Allocation to SCs amplified Rupees 52,393cr; STs allocated 31,920cr; minority relationships announced Rupees4,195cr.

7.Railways

  • Railway tracks of 3,500 kilometers to made special Tourism. Pilgrimage trains also to be launch.
  • For cleanliness in railways, all coaches to be Biometric and 500 stations to be equipped for differently able people.
  • National highways have provided Rupees 64,000crore Budget.

8.Banks

  • P M Mudra Yojana: Banks and Financial Institutions given goal at Rupees 2.44 trillion

9.Business

  • Stand up India plan: 16,000 or more new enterprise to be set up.
  • Telecom sector: In union Budget 2017, there is Budget of 10000crores for Bharat Net program.
  • Major Announcement for post-office is that these can use for passport services.
  • Afterward, a Major success of BHIM App government wants to promote it in this Union Budget of India 2017. FM had announced cash back plan for merchants for BHIM.

11.Pension

  • Defense outflow is not including pensions Rupees2.74trillio

12.GDP

  • Fiscal deficit for FY 17-18 fixed at 3.2% of GDP.
  • Revenue deficit for FY-17-18 fixed at 1.9%.

13.Black money

  • There is a big plan to stop Black money in the Union Budget 2017-18 as Cash transactions are limited at Rs. 3Lakh.

14.Politicians

  • Political Parties are supposed to be transparent in their
    funding which is still not in India. Finance Minister has announced a big step to follow this.
  • All political Parties have to file returns in precise time.

15.Donation

  • FM announced that only rupees 2,000 can be received as cash donation on the maximum side. Modification proposed to RBI Act for an issuance of electoral bonds.
  • There is a Limit of Cash donations to Trust is also Rs 2000.
  • 4,000crore Passed to open skill achievement. In addition,  awareness, Mahila Shakti Kendras have allocated 500crore rupees.

Above all were Main points of Union Budget India 2017. More Highlights of Budget will discuss later on Business Batao. Another
request to comment on the union Budget India 2017.

 

 

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Limitations of Cashless Transactions in India

We are in the way of making India with Cashless Transactions. There are many advantages of cashless economy but what are the
problems in making India Cashless.
cashless transaction
 India is a developing country where there is not the availability of electricity and schools in many villages. How the technology will develop very soon. This is a time taken process but it’s really appreciable. Now let’s discuss the limitations of cashless transactions.
Now let’s discuss the limitations of cashless transactions.

Here are 4 Limitations of Cashless Transactions in India-

 1. LIMITATION OF TECHNOLOGICAL TOOLS

 
As a developing nation, we have a lack of every basic need of our society. This new virtual technology for cashless transaction heavily dependent on many tools like Mobile phone, laptop, data connection, good mobile/broadband connection etc.These are either costlier or are away from the reach of a common man living in Indian cities and villages. So the availability of technological tools for the cashless transaction is a big real challenge in the way ahead in the vision of cashless India.

2. LACK OF AWARENESS AMONG PEOPLE FOR CASHLESS TRANSACTIONS 

 
Just 60% of our country is basically literates I.e. the just know who to read and write their names. They don’t even have full-fledged running bank accounts and are unaware of its benefits.Education is a big limitation in cashless transactions. So for this technology to survive, the problem of unawareness among people who are illiterates is again a challenging one to cope up with.
 

3. PRIVACY CONCERNS OVER PERSONAL ACCOUNT 

As all the transaction is getting recorded in bank record book, there is a possibility that your personal transactions for any specific work are also getting in surveillance. This can be against the personal freedom law awarded by the constitution to its entire citizen.  cashless transaction Indians have fear to go to the banks. This is a big limitation of cashless transactions and cashless economy.
The money you earn should be yours and nobody has right to keep watching an eye on it.

4. CYBER CRIME

With people getting online, the bad one’s are also smart enough to tackle the technology with unethical moves like hacking and phishing where if you tell then the password in any way, there is a possibility that you will lose all your hard earned penny.

People have to be very much careful while doing the online transactions as there is a higher risk of cyber attack if any
carelessness is shown by the door.

Above are the limitations of cashless transactions in India. we have already explained the advantages and disadvantages of cashless transactions in India.
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Advantages of Cashless Economy

What are the advantages of the cashless economy like India?

The dream of the cashless economy now seemed to come true after the 8th November 2016. As we all know on 8th of November 2016 was the day when the government of India took a decision to move into an era of the cashless and digital transaction.

With the decision of demonetization, our country has taken its first firm step to move into the world of cashless economy.

As still, we have a long way up to go ahead with this new cashless economy, there are many points to discuss this newborn technological way of the transaction for a common man.

Advantages of Cashless Economy

Here, we will discuss the top 5 advantages and disadvantages of cashless economy. This has brought up with its coming in a developing country like India.Like there are many pros and cons of demonetization, there are also pros and cons of cashless economy. But This will really lead India to a super Power.

SO, HERE WE BEGIN WITH THE ADVANTAGES OF CASHLESS ECONOMY 

1. LESSER OR NO TAX EVASIONS

  This has been the biggest ever advantages of the cashless transaction in Indian Economy. Whenever you will do any transaction I.e. you buy or sell something your tax on that item will be paid automatically. And this will be kept recorded in your bank account.
    Thus, at the end of fiscal year, the tax on your whole income and transactions done will be automatically deducted by the income tax department as it will be monitored directly by government and banks.
Thus it will help in reducing tax evasion to a greater extent.

 2. FAKE CURRENCY PROBLEM SOLVED

 As of now, the government has solved the fake currency circulation in the market as no older denomination notes are valid now.
For now, whatever the notes available in markets are original and genuine as the fake currency is totally stricken down out of the market.
It will take time for wrongdoers’ to print the fake currency of new denominations again.
So, for now, the government has sufficient time to take firm action against their people and make the economic market more clear and transparent for its people.

3. BANK WILL HAVE MONEY FOR DEVELOPMENT

Earlier, many people were keeping money in their home without depositing it into their bank account. The number of these people is quite high as they basically come from that section of Indian society. Which is called as a low middle class and lower class that does not have a bank account.
Banks has the most advantages of cashless Economy when there are more cashless transactions then Bank has more Funds every time.
      This becomes an important reason Indian banks are suffering from the NPAs. For the cashless transaction, the bank comes into play as people will deposit their money to banks for their day to day transfer and transactions.
 

4. LESS CRIME AND TERRORIST ACTIVITIES 

            As things are getting cashless, there will be fewer people using cash in paper currency to facilitate their transaction.

For every type of transaction, you will use Bank as the channel to get it done. Now if you are a right person with a good moral character, the bank will open your account. And if you don’t have a proof of identities like aadhar card or pan card, they will deny opening. And also on all the bank accounts, the government will keep a watching eye to kill down any misuse of this channel.

The fresh example to this, the example of “stone pelting” in the areas of JAMMU AND KASHMIR. Where the extremist people pay the students and other people to throw stones at Indian forces. This activity was drastically reduced in the area as people were not having cash invalid denominations to pay for this kind of activity.

5. E-COMMERCE WILL INCREASE

The most benefited are the common people who do the transaction with e-commerce giants like Flipkart, amazon, snap deal etc. Now, the government is finding ways to make this transaction platform more secure and more reliable in an online way.
The government is developing a common platform. A common app like BHIM (BHARAT INTERFACE FOR MONEY) for its common people to make online transactions easily.
Thus, every common man is able to do the transaction in a very secure manner.  Dealers are sitting thousands of miles away from him and gets him the product at right price oat right time. Above were some advantages of the cashless economy but there is also an adverse effect of these technologies.

Reasons for Business Startup Failure in India

MAKING AND BREAKING  are the parts of any business something like the globe. There are a lot of Examples of Business startups that do well but Fails. Like Hutch, we chat, Videocon and much more.Let we discussed Reasons for Business Startup Failure in India below:

Reasons for Business Startup Failure in India
What is the story behind this failure?
Why do some business startups fail in India?

                   The Indian government is on the way to provide them with a very handy support. There are a different kind of norms relaxation in TAXATION and assisted financial support by implementing schemes like “STARTUP INDIA”.Here we are going to pin up the top 6 reasons to Business startup failure in India”.

Top six Reasons for Business Startup Failure in India:

1. LACK OF CLEAR IDEA
       Once you have the idea, it’s important to test its reality check on ground level. Whether the startup ideas will be beneficial for common people around or will it be productive enough to cope up in the market for next two years?
             Most of the startup in India and their leaders fail to test the idea. You have to implementation technique correctly. As required in the buzzing demand and supply market. You have to be very clear with the basic theme of your idea otherwise, you may end up doing something which may not be profitable to the startup. Business Batao is a platform which gives your idea in a successful way.
2. RESOURCE AVAILABILITY AND MANAGEMENT 

Any idea turning into business requires resources to set up its unit for implementation.The availability of resources for a new business is very limited in a country like India. You have to pay hefty fees for every resource which can be productive for your business. Availability of resources is the main reason behind the Reasons for Business startup failure so, it’s very important to be clear about the availability of resources which you are using.

Sometimes and mostly, It is a very common reason for  Business startup failure in India. Where the business leader fails to manage the available the resources well. To sinks, the business management of resources is very important. This becomes a real problem when you are the owner of a limited budget startup company.

3.MONEY

Reasons for Business startup failure

          YES, you are right its “paisa bolta hai”. Money is the basic need for everything in this world. This is not limited our own personal needs but also becomes important when accounted in business terms. Also, the ultimate aim of the business is to earn a profit that is ultimately money. Investor hesitates to invest their money in newly started ideas because of a risk factor. There are many ways to take loans from financial Institutions. But it is also not so easy for New Business start-ups.
4.TALENT 
           TALENT is something which gives you an upper hand in every aspect of business. It is greatly required when you are a buzzing startup. Also when your startup turns into a million dollar company. Business is all about dealing with people and their minds. So here you have to be a little talented or enough quick to
learn the rules of the business world quickly. Lack of  Skills and talent training program is one reason for business startup failure in India.
       Now the question is where, how and why the talent is required in business? Talent is required where you have to deal with people for business related matters. And to convince anyone to do work for you and with you and much more.  Some Examples are:
purchase of resources, machines and other things required. You have to be very careful and wise as you are the owner of a limited value startup.
         REMEMBER-“NOBODY AND NO-BODY IS BORN WITHOUT TALENT-ITS THE ATTITUDE WHICH CREATES THE WHOLE PICTURE’
5. THE DECISION MAKING WHAT’S NEXT?
               
   Decision making is a process which decides the answer to the question WHAT’S NEXT? Thus, selecting the best course of action, from among many alternatives becomes very important for any startup business. It is important for the successful operation of the startup business. All the operational jobs like plan discussion, direction, controlling, are determined by the decision making process.
FOR A STARTUP BUSINESS, EVERY SINGLE DECISION BECOMES VERY VERY IMPORTANT AS WE HAVE VERY LIMITED OF EVERYTHING.
 A reason of business startups failure is wrong decision making.
 
6. LACK OF MOTIVATION AND LOVE FOR YOUR
STARTUP 
            There is a saying “ENJOY THE WORK YOU DO AND DO THE BEST YOU CAN” SO, for making any business idea a
successful one, you have to love your work, your idea and almost every part and everything which sums up the business strategy.
Many of the business leaders and ideas have failed due to lack of motivation and love for their business.
ALWAYS REMEMBER-You don’t have to be money minded in the
initial when you don’t have a well-settled business, but side by side with time, be mindful of turning the business idea into a well-settled company.
Above were some reasons for Business startup failure in India. For getting consulted and growth contact Business Batao.
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Where to Use Old 500 Rupees Notes?

Use old 500 Rupees notes after demonetization. After 30th December 2016, you can not use the old 500 and 1000 rupee note at any place.  There is urgency in the country.

The whole country is facing the problem of Cash. We want to know that where to use old 500 rupee notes after demonetization. In India, there is cash transaction of about 97%. Those people are the pond of holding the Cash in Hand are also very high.

Everyone is searching for the alternatives of Exchange of 500 and 1000 rupee note. After 24th November, Rs. 1000 will only be submitted into banks. 500 rupee note will be accepted at many places.

I know you must want to know how to exchange old 500 rupee note. How to convert old 500 rupee note into valid currency after Demonetization Process?

 Use Old 500 Rupees Notes after Demonetization

Where to Use Old 500 Rupees Notes?

Current Biggest Problem is that there is no exchange of Money now.  But there is a chance to use you old 500 rupees note.

Where to use old 500 and 1000 rupees notes after demonetization in India?

       Govt of India had announced that there will be no exchange of old 500 and 1000 rupee notes from 25th Nov. 2016.
But one can use old 500 rupees, not at following Places:
  • You can pay these to toll Plaza.
  • All petrol pumps will accept the old 500 rupee notes until 15th December after demonetization in India.
  • You can also pay college fees of states University.
  • Use old 500 rupee notes for court fees.
  • Make Prepaid Mobile recharges up to Rs 500
  • Now you can purchase groceries from co-operative stores under State and Central govt. This will be a great relief after demonetization.
  • Pay Railway tickets booking at railway station counters.
  • All government Hospitals will accept the old currency.
  • Water Bill and electricity Bill payment can be adjusted. This will be a place to use old 500 rupee notes after demonetization in India.
  • Buy Medicines from Medical Stores with qualified doctor’s prescription.
  • May, not anyone have to use at this place but one can use old 500 rupee notes at crematorium grounds.
  • Make Payment against LPG cylinders.
  • You can also use old 500 rupees notes after demonetization to buy of seeds from nominated state-owned outlets.

Now, After 31st December 2016 You can not use old 500 and 1000 rupee notes anywhere except to submit in RBI.
With a great step towards the Cashless economy and to fight with black money the government has introduced Demonetization with a Positive thinking. But there are both advantages & Disadvantages of Demonetization discussed earlier. In my opinion, government is giving ample space to use the old 500 rupee notes after demonetization. Above are the areas to use old 500 notes after demonetization

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Latest updates on Demonetization Rules

Updates and Rules on demonetization in India keep changing.

The major demand of changing is because of Misuse of the exemptions under Demonetization. This is not a complete Demonetization in India. The small denominations of Notes up to Rs. 100 are in Use and have legal status. Therefore, we have to see Impact and Latest Updates on Demonetization Rules in India 2016.

After two Weeks of scrapping the 500 and 1000-rupee note in India, the conditions are still not good. There are long queues outside the ATM’s and Banks. Business Sector and Public is still not stabilizing.

This is going to be a Big Disadvantages of Demonetization.

With Consideration of the Problems of Common man, on 24th of November 2016 government had given the Latest updates on Demonetization Rules & Process in India.
  • From 25th of November Exchange of old 500 and 1000 rupees, a note will be close. These notes can only deposited into Banks.
  • Note of Rupees 1000 denomination can only deposit into banks and will not consider anywhere else.
  • All the National Highway tolls will be free until second of December and from third to 15th of December old notes of 500 can also accept there. This is the latest update on demonetization is created to facilitate the public.
  • From 24th of November, people can get cash from BigBazar too with their Credit or Debit Cards. Limit of Cash withdrawal is Rs.2000 only.
  • Latest update on demonetization in India includes the additional Categories where the old Rs.500 note will accepted until 15th of December. These categories explained in detail on The Link above.
  • Foreigners permitted to exchange the currency up to rupees 5000 subjects to enter in their Passport.
  • Haryana Government had announced that all D category employees would get their Rs 10,000 salary in Cash.

Above were the latest updates on the demonetization rule or process in India. Modi Sarkar is doing all the things, which he feels to do good against corruption and Black Money. Still, the Cash relief is not in the Market because of lesser acceptance of Card and Digital Payments.

We will let you informed regularly the latest Updates on Demonetization rules In India.

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Indian demonetization policy and steps 2016

Indian demonetization policy and steps 2016:

On 8th of December 2016, Govt of India had taken a historical Decision of Demonetisation of 500 and 1000 rupee note.
This Decision will be remembered forever of NoteBandi. New 2000 and 500 rupee note had introduced.

Demonetization policy

What do you think how India is reacting on this. what are the problems of Demonetization Indian are facing? What are the Indian Demonetization Policy and steps by Government?

There are many advantages and disadvantages of demonetization in India 2016. Here we are describing the Indian Demonetisation Policy and Steps.

 

Indian Demonetisation Policy is that the old 500 and 1000 currency notes are closed and not be a Legal tender from 9th of November 2016. No one can accept this as a currency of India except the places allowed by the government.

The government is preparing the same from a long Time. Earlier from 2014, they helped everyone to open The bank Accounts with JAN DHAN Yojna. People without Identity card can also open the Bank accounts. Then there is a large support on making Aadhar Card.
The government also announced a self Black Money declaration Scheme till 30th September 2016. This will be a great policy of demonetization by Indian Government.

Now Whats are the Indian government demonetization policy and steps to make it successful :

  • First policy on demonetization is that On all Petrol Pumps old 500 and 1000 notes will be accepted.
  • Govt had announced that all Tolls in India will be free till 24th November 2016.
  • From 18th November All petrol pumps will be treated Like ATM’s and up to Rs. 2000 will be withdrawn through Debit and credit Cards.
  • There is no limit of depositing the cash in Banks. No need to worried before depositing your white Income or savings.
  • While you can withdraw up to 24000 only from Banks.
  • Another Demonetisation Policy is that you can Use these notes for Railway Tickets, Aeroplane Tickets, and Government Hospitals.
  • Another Demonetisation Benefit is provided to Marriage Families. They can withdraw up to 2.5 Lakh from Their Account.
  • There are mobile ATM’s to solve the cash Problem.
  • Another Demonetisation policy and step are that No questions will be asked on deposit of 2,50,000 in a savings account.
  • A big demonetization Policy is against those who deposited more than 2.5 lakh in Savings account and 12.5 lakh on current account. All deposits will be shared with Income Tax department. You may ask for the origin of Money.
  • After 30th December all old Big currency notes will be a Piece of Paper.
Above were the Important steps on Demonetisation announced by Indian Government. we understood there must be some disadvantages of demonetization but the benefits of demonetization in more than that.
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Impact, pros and cons of demonetization

 Impact, Pros, and Cons of demonetization in India are very wide. Before we will discuss the advantages and disadvantages of Demonetization, or pros and cons of Demonetization, we must discuss the following points.

What is Demonetization?

Demonetization is a process by which a quantity of currency will not be legal tender. The quantity of note will not acceptable as valid currency. The same thing happens with the Rs. 500 and Rs.1000 note after demonetization.

What are the causes of Demonetization?

There can be many reasons of Demonetization in any economy some of them are: Introduction of New Currency, to stop Black Marketing, excess Currency Storage, High Corruption rates, and others. There will be excess fake currency in the economy is the main reason of demonetization.

What Happened on Demonetization?

On 8 November 2016, Government of India had announced that from that day onwards rupees 500 and 1000 rupee note will not be a legal tender. This means that 500 and 1000 rupee note will accept by anyone except the organization declared by the government. They can change the currency from the banks and post offices until 30 December 2016.

What is Impact of Demonetization? What are Pros and cons of demonetization in India in 2016?

Hence, there are clear Impacts of demonetization showing in all the cities of India. Nevertheless, Results of currency closure can be advantages or disadvantages. Business Batao supports the currency demonetization in India.

We are mentioning the current disadvantages or cons of Demonetization:

pros and cons

  • All India is in line out Banks and ATM’s for Cash.
  • People are waiting for more than 5 to 10 hours to get cash from Bank. Still, after waiting, some people are no getting Cash. Harassment to the public is a big con of demonetization in India.
  • Nevertheless ATM’s are not adjusting according to New 500 and 2000-rupee note.
  • Until 16th of November 2016, there is a report of a death of more than 35 people due to cash problem.
  • People are getting the 2000-rupee note but not getting the change in the market against this note. Small currency is threatening Disadvantages of Demonetization.
  • There can be a problem of Law and order in the country.
  • Accordingly, All families where there is marriage in the month of November are in big trouble. Another demonetization disadvantage is with those families.

 We are mentioning the current advantages or pros of Demonetization:

  •  All fake currencies will be stolen in one shot is the biggest benefit of demonetization.
  • Bank and Card transactions will Increase. This is positively affecting the Indian Economy.
  • There is big fall in terrorist activities in Jammu and Kashmir is the biggest demonetization advantage.
  • There will be proper cash in the banks and condition of a bank will be going better off.
  • The government Authorities keeps big Amount of Black money.
  • All Black Marketers and corrupt officers are in Threat will advantage of Demonetization.

So above all were the pros and cons of demonetization. Hence, I will keep you update with the impact of demonetization regularly.

Another thing, Comment and Share the Post for regular Updates on Demonetization.

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what are proposed rates of GST in India?

Rates of GST in India

Another Meeting of GST council was held on 3rd November 2016 for rates of GST in India. This was a fruitful meeting on rates of GST in India. After so many meeting held by GST  council, the Final rates has been fixed.

Rates of GST in India

Goods and Services Tax will help the people to easily trade from one state to another state. The rates of goods will be same in all over India after GST Applied.
People have the question in mind that what are the rates of GST in India.

 So Following are the slab of rates under GST.

  • 0 Percent :On the Exempted goods Like essential items, Grains etc.
  • 5 percent:This Tax rate will be applicable on commonly required goods like cloth etc.
  • 12 percent:This is the standard tax under GST rates slab includes the packaged foods too.
  • 18 percent:All Products which are not covered under 12 percent GST rates will be covered
    under this except Luxury Products.
  • 28 Percent: This is the rates of GST which is applied on luxury and High-class products. Common goods under this category of GST are tobacco, Luxury Cars, alcohol etc.

There will be addition cess applicable to cover the Losses and Compensate it to the states for Five Years: Mr. Arun Jaitley, Finance Minister of India. the government had announced balanced Tax rates of GST in India which has the advantages and disadvantages too. So what is the impact of GST rates on Consumers?

The government had announced balanced Tax rates of GST in India which has the advantages and disadvantages too. So what is the impact of GST rates on Consumers?

Many Products Like tobacco and other Luxury products which are taxed at 40 % inclusive of Excise and Vat will now have to pay 28% of GST. So these Products will be cheaper now.
There is also a tendency that manufacturer will save the Excise but they may increase the rates of product to earn more profit after low rates of GST in India. It will be a negative Impact of GST Rates.

Here are some examples of products which will impact after GST Tax rates:

  • Items like garments and shoes which are now under the slab of 4 percent now taxed fewer than 5% after New rates of GST and there is an impact of 1% costlier to customers.
  • AC’s, washing machines, Fridge, cooking appliances and many other Products will be cheaper as the total GST impact on these will be 28 percent which is now more than that.
  • All the Services may come under the Tax slab of 18% which is costlier by 3% from Now.

The average rate of GST in India is less than 18% which is demanded by all the political Parties. The government is willing to start it from 1st April 2016 for their political Reasons too.

Comment Below to Get more Updates On GST.

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Advantages and Disadvantages Of GST in India
Demonetization of Indian Rupee

Disadvantages of Demonetise of 500 & 1000 rupee note

Prime Minister had taken a bold decision of closure of 500 & 1000 Indian rupee notes.

There are pros and cons of demonetization of Indian currency. But whenever such orders are passed the common man is in trouble. There are many advantages of demonetization of 500 and 1000 Indian rupee notes.
Now we have to see the pros and cons of demonetization. I know that all India is fighting the situation but we all want to be aware of this.


Main Disadvantages of Demonetisation of 500 & 1000 Indian rupee notes:

  • There is Hugh rush to the banks from last many days and normal work can be hampered.
  • The government had not altered in ATM’s so there are big problems in currency Exchange.
  • Biggest Disadvantage of Demonetization will be with the tourist who has only old notes and no connections in the area.
  • The common man who has only 500 and 1000 Currency notes will be in trouble for their daily livelihood for next some days.
  • Many People who have an event like marriage and other having only old 500 and 1000 rupee notes will be in Big problem. They are really facing the high demonetisation disadvantages in India.
  • Some people had not Information of where to exchange the Old currency notes.
  • There are raids by Income Tax, Sales Tax and excise which can create the problem for Business.
  • If there is a Hard earned money which is beyond the limit of 2.5 lacs can indulge you in the problem. this may be the biggest Disadvantages of Demonetisation of 500 & 1000 Indian rupee notes
  • At some Places, Banks are unable to handle the pressure of Public and the currency notes are out of stock.
  • There will be the problem of Change with 2000 rupee note. These were some limitations of demonetization 500 & 1000 Indian rupee notes

where to Use Old currency notes  after demonetization of 500 rupee notes until 15th December

500 & 1000 Indian rupee notes

  • At Government hospitals,
  • On Interstate Bus Counters, Airports and Railway Station Ticket counters
  • Petrol Pumps and Gas stations
  • All Banks and Post offices
  • Authorized Milk Booths
  • Crematoriums  grounds
  • Comment to Know More I believe that there are many disadvantages of demonetization.Now See the Steps Taken By Government for Benefit of common man after demonetization of 500 & 1000 Indian rupee notes.
  • All National Highway tolls will be free till 2nd December. The government is ready to bear the loss with the citizen.
  • There will be Free treatment under Rs 500 in AIIMS.
Above were the big announcement by the Government of India as they are also understanding the pain of common man.
Imp: Government will track all the deposits above 2.5 lacs in saving and 12.5 Lakh in Current bank accounts. Be careful. penalty up to 200% after Tax.
More Disadvantages of demonetization of 500 and 1000 rupee note may be seen in Future but till now it’s a great decision.

Read More
Advantages of demonetization of Indian Rupee Notes 

500 and 1000 rupee notes Discontinued in India
GST rates In India 

Advantages of demonetisation 500 rupee notes

 

Advantages of demonetization 500 rupee note: The government of India had taken a Historical decision of demonetizing the 500 and 1000 rupee notes in India. This will really effect the economy and the common man too.

Very soon it will be clear that how people of India will react to the decision of benefits and demerits of demonetizing of 500 and 1000 rupee notes.

Yes, there are many demerits & advantages of demonetization of 500 and 1000 rupee note.

Main Advantages of demonetization of the 500 & 1000 Rs Notes:

  • It will help to control the Black money to a Little extent. But what with the Black Money that Lies in Property and Gold.
  • It will help to stop the funding of Terrorist. This is wow demonetization advantages.
  • It will totally clear the Fake currency from India Now.
  • This will also make sure to circulate all your money of 500 and 1000 note to Bank.
  • This will also make tendency of using Plastic Money which makes an economy better.
  • People will now Open Bank Accounts and also make Identity cards. This is the Biggest Advantage of Demonetization In India.
  • All Black money will come Out from the treasure.
  • This will narrow the Gap of Rich and Poor with very little extent.
  • Apart from this advantages of new notes are that this will clear all waste notes from the system.

Advantages of demonetization of  Currency notes will be more in the economy in coming days but there are more disadvantages of Demonetization these days.

Indian Government is going to take all the required steps to facilitate you like free tools, notes acceptable in few areas and others. effect of the same will be seen after 50 days when there will be proper cash in the market. the government is allocating New 500 and 2000 rupee note in the market.

People are often discussing what are the benefits of new currency in India, what are the benefits of new 2000 rupee notes in a system. The biggest advantages of demonetization are that all black marketer is in Fear.

What you must Know after 500 and 1000 rupee note scrapped is an Important Point. This is already discussed and more Information can be available on comments.

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Disadvantages of Demonetise of 500 & 1000 rupee note

Impact, pros, and cons of demonetization