Sample Sidebar Module

This is a sample module published to the sidebar_top position, using the -sidebar module class suffix. There is also a sidebar_bottom position below the menu.

Sample Sidebar Module

This is a sample module published to the sidebar_bottom position, using the -sidebar module class suffix. There is also a sidebar_top position below the search.
Admission News

Swayam Siddhi Management Institute is one of the best MBA Colleges in Mumbai Providing value added education from Mumbai University.

                      

  • Register
IIM Guest Lecture on Business Analytics by Mr.Ketan Solanki ( Business Analyst in Ingram Micro SSC India Pvt Ltd)---------- Winners in SIP Competition from MMS MBA Second Year ----------- Movie Club Competition at Swayam Siddhi College of Management--------- Alumni Meeting held on 8th of October from 2006 to 2016 Batch Ex-Students. --------- Motivational Speech Guest lecture by Prathamesh Veling, Magic Institute of Excellence--------- Faculty Dressed up for Navratri Celebration-------- Farewell party given by Students to Prof.Sneha Patel ----------- Certificate Distribution for Excellence Performance in Digital Media, Advanced Excel & Soft Skill Development------

 

FACULTY CORNER

Prime Minister Narendra Modi-led government enforces Goods and Services Tax (GST) from July 1, 2017. The GST is a unified indirect tax across the country on products and services. It is a single tax (collected at multiple points) with a full set-off for taxes paid earlier in the value chain. For transactions within a State, there will be two components of GST - Central GST (CGST) and State GST (SGST) - levied on the value of goods and services. Both the Centre and the States will simultaneously levy GST across the value chain. GST tries to establish as an indirect tax with the idea of reducing red-tape, plugging leakages and paving the way for a transparent indirect tax regime. This will simplify the administration of indirect taxes and plug leakages. The GST, being a nationwide tax, could lead to possibly higher inflation in the first few years of its introduction but would gradually increase the overall GDP. The GST is an indirect tax collected from customers who buy manufactured goods or services. So whether you are earning a salary or not, as long as you buy something, you’ll be paying tax. With respect to those living below the poverty line, there might not be a direct impact of the GST on them as such since basic necessities like food are unlikely to attract the GST. Broadly, services are expected to become costlier under the GST regime, as the expected GST rate would be higher than the existing service tax rate of 15%. Clearly, the GST is expected to bring down prices of indigenously manufactured goods on account of current effective indirect taxes (central excise @ 12.5%, State VAT @ 5%-15% etc.) being higher as compared to recommended lower GST rate @ 5% and standard GST rates @ 12% and 18%. Thus, price of certain category of goods may come down depending on the effective rate of indirect taxes being paid at present and the tax brackets under which goods are classified under the GST. Recently, Finance Minister Arun Jaitley hinted at further “rationalisation” of the Goods and Services Tax (GST), depending on revenue buoyancy.

BY. Prof. Ranjana Singh

Contact Us