Automobile Sector Investment

international woman child day oct-11 Free Education Loan Advice - Moneymindz - India's First Free Online Financial Advisory Portal (Education Loan)

Moneymindz – India’s First Free Online Financial Advisory Portal (Education Loan)

Diwali is India’s Famous Festival, given importance overall. The festival symbolizes the light, to enlighten and brighten everybody’s life. On this special festival every human worship the goddess of wealth. The colour of lights unites a family, creates good bonding with neighbourhoods, also have fun with cousins. The festival is not only celebrated in India but also around the globe in different parts, especially were Indians have settled.

As the goddess of wealth helps in blessing you with abundant progress in your well-being. The lights take away are the evil around you, because you have been enlighted by the lamps of lights. Your financial set up must be made stronger to grow and shine in this light of the living, which would enlight your all loss over financial. Smart change over the finance will enlight the day with richness and prosperity. High time to forget your past finial mistake, and grow this Diwali with the Moneymindz, you get free advice over time on your finical settings. After a loss on your financial background, it’s difficult to believe and go ahead to make the come forth of the wealth to build. It’s always good to go about Financial Planner, its good to have mistakes, that would not allow you to repeat again. You got to know to plan out the right things for you before this enlightenment on your financial status.

Moneymindz would enlight this Diwali special lights into your life” to be secured with all financial advice.

The main objectives of your Financial Planning is the 3 major forms to be followed for a brighter burning of Lamp:

  1. The Capital Requirement To Determine: This describes your cost over current and fixed belongings, your daily or personal expenses, your future plans over saving. Your finical growth must be seen in both short and long-term.
  2. To Structure And Determine Capital: The composition of capital is in well in structure to any kind of the business growth. For the long and short term, the decision is in the form of balance due-impartiality- percentage.
  3. To Balance The Financial Policies: To control on lending and browsing or to frame a good amount for future.

Free Financial Advice on Financial Investment, Insurance and Loan by Certified Financial Planners Press Below Button

click-here-moneymindz

For More Information:

 

*Are you Looking For Free Financial Advice*

*Fill The Form Our CERTIFIED FINANCIAL PLANNER Will Call You Freely*





Give Us a Missed Call On 022 – 62116588

(Or) Download Our MoneyMindz -Expert Seller APP

(Or) Visit: https://www.moneymindz.com/

(Or) Download Our MoneyMindz-Financial Freedom APP

Read more

When education is considered, parents love to see their children on a higher profile. The dream of every parent is to educate their child so dear to them, in a good Educational stream, basically, know as convent School or College. Similarly, in Goa, they lived a nuclear family, John the only Son for Mr.Bob, Mrs.Hahaana. John was a very bright student from his school days. Mr.Bob owned an AUDI R8, and was a Rich Business Man, John’s Mom was a homemaker. As John got more love and pampering from his parents because he was only Son to them. Providing John was so demanding, anything he wanted his parents got him the very next day. Also, he was the brilliant student in his academic, his parents were too proud about him. His parents even, on the other hand, were too considered about choosing the right and wrong things for him for his growth.

They never got him android phone nor the personal vehicle for him, though he was turned 18 years old. Anything that his Son asked the parents gave, was provided a second thought on buying. Before John could get in his 12th Grade. At the end of his 11th Grade, As usual, every Summer the family would go for Outing, this time it was London. While traveling with Parents, John happens to see so many youths riding and driving all the way long. On some decision, at the airport Mr.Bob, ask John what would be his next plan. John says dad I would also like to have my own phone and a sports bike for me. His dad says my son you got to achieve 90% in your upcoming 12th grade. John agrees on the same. They enjoyed their 10 days tour and now back to India. As they discussed initially, John began to put in more effort in his academic, forgetting his dream sports bike street-fighter. His exams are approached he makes day and night one, putting all his effort towards 90% in his University.

The news is out sating the Results to be declared of 12th grade.John is excited, he said his dad he did well, but little nervous unlike you and me during the results. His Dad checks the results, so happy and so thrilled John has secured 2% extra than I had expected. With his 92% percentage he gets his Dream Bike Street-fighter, and also his auto insurance claimed, where he could benefit his loss over any damage.

Dream bigger, and achieve like John, and also keep it safe by applying for your auto insurance at Moneymindz

Free Financial Advice on Auto Insurance by Certified Financial Planners Press Below Button

click-here-moneymindz

For More Information:


*Are you Looking For Free Financial Advice*

*Fill The Form Our CERTIFIED FINANCIAL PLANNER Will Call You Freely*





Give Us a Missed Call On 022 – 62116588

(Or) Download Our MoneyMindz -Expert Seller APP

(Or) Visit: https://www.moneymindz.com/

(Or) Download Our MoneyMindz-Financial Freedom APP

Read more

The automobile industry in India is one of the largest automotive markets in the world. The industry contributes around 7 % of the country’s Gross Domestic Product (GDP). In past, the Government of India has taken various measures and initiatives to promote and to ensure the growth potential in this sector. It is one of the main drivers of ‘Make in India’ initiative. 

Currently, there are host of indirect taxes applicable on the products and various allied services rendered by this industry. Like, Excise on manufacturing on cars and spare parts, VAT on Sale and service Tax on rendering associated services like servicing and repair work. GST, a comprehensive indirect tax on goods and services, is all set to subsume host of indirect taxes, it becomes extremely important for businesses in this sector to understand the impact of GST on various operations and process. 

The impact of GST on the Indian automobile market is going to be manifold. Let us have close look at impact of GST on Automobile Sector.

Impact of Input Tax credit :

Under Current Indirect tax regime, on sale of vehicles, spares and accessories, the following duties and taxes are applicable: 

• Central Excise Duty and Additional Excise Duty 
• Infrastructure Cess : On sale of Vehicle 
• CVD and Additional Import Duty : Import of spares and accessories
• VAT/CST : VAT on intra State sales and CST on Interstate sales

Today, a dealer is not allowed to claim input tax credit of all the duties and taxes listed above except VAT. Also, for a manufacturer, CST and other State levies like entry tax, paid on procuring the raw materials is not allowed as input tax credit. Thus, the business are forced to add this as a product cost and this in turn leads to cascading effect and increase in the product price. 

GST allows seamless availability of input tax credit across supply chain- Right from Manufacturer till it reaches final consumer and across the State borders. This eliminates the cascading effect of taxes in the supply chain and as a result, the product will be cost effective. This reduction of product cost will lead to reduced price, increased demand and therefore, contribute to the growth of the business in this sector. 

Bottom line Impact :

Under Current regime, taxes paid by an automobile manufacturer or dealer on business overhead like advertising services, business promotion etc. are not allowed as Input tax credit. Under GST, with the introduction of business concept “Used or intended to be used in the course or furtherance of business” the business can claim input tax credit on business overheads. This will help the business in reducing the cost of operation and increasing the profitability. 
Impact of working Capital 

Supply being a taxable event in GST, the vehicle transfers between the branches will be taxable. This implies, on the date of vehicle transfer, GST needs to be paid. Through the business are fully eligible for tax credit, for a period between vehicle transfer and the sale date, the funds will be locked. 

In this sector, it is very common to receive the vehicle booking advance. Today, dealer is not required to pay tax on the date of receipt of advance. However, in GST, on the date of receipt of advance, dealer is required to pay GST. The taxability of advance will have a dent on their cash outflow.

Impact on Valuation :

Today, on sale of vehicle, a dealer charges for various ancillary services which are bundled with the vehicle like additional accessories, registration, extended warranty, insurance etc. Under GST, the concept of bundling of two or more goods or service or a combination is referred as mixed supply and Composite supply. In determining the rate of tax applicable on mixed supply and composite supply, different principles are applied. Therefore, it becomes, very important for dealers offering bundle of services or goods along will vehicle to understand the implications of mixed supply and composite supply. And accordingly take suitable measure such that benefit is passed on the customer. 

Secondly, a manufacture provides discounts to dealer based on the targets, Year-End sale, and special occasion discounts etc. Generally, these are post supply discounts and under GST, these discounts will be allowed as deduction from transaction value only if discounts can be linked to specific invoice(s). Hence, the business need to re-look the discount policy to avoid paying taxes.

GST is expected to be implemented in July, 2017. Businesses needs to understand the implication of GST on various business operations like procurement, pricing, sales strategy etc. and ensure that the suitable measures are in place, which is crucial for smooth transition to GST.

Free Financial Advice on GST  on Automobile Sector Investment by Certified Financial Planners Press Below Button

click-here-moneymindz

For More Information:


*Are you Looking For Free Financial Advice*

*Fill The Form Our CERTIFIED FINANCIAL PLANNER Will Call

You Freely*





Give Us a Missed Call On 022 – 62116588

(Or) Download Our MoneyMindz -Expert Seller APP

(Or) Visit: https://www.moneymindz.com/

(Or) Download Our MoneyMindz-Financial Freedom APP

Read more