Back in Meerut, Pankaj Jain worries that hiring an accountant and charging 5 percent GST on his bedsheets could eat up to two-thirds of his annual profits of 400,000-500,000 rupees (,210-,760).The government will, however, allow firms to file simplified returns for July and August.4 percent to economic growth.To drive home the point, Bollywood superstar Amitabh Bachchan has appeared in a promotional video in which he weaves a cats cradle between the fingers of his hands - symbolising Indias thicket of old taxes."We will China Fluorocarbon O ring Supplier have to hire an accountant - and get a computer," the thickset 52-year-old told Reuters, as a dozen ancient power looms clattered away in the ramshackle workshop next door."Rubber goods are taxed at 12 percent; sporting goods at 18 percent..Prime Minister Narendra Modis government says that by replacing several federal and state taxes, the new Goods and Services Tax (GST) will make life simpler for business.

That spells bad news for small firms hesitating to shift into the formal economy. This allows a company to claim refunds on its inputs and means it should only pay tax on the value it adds.The note ban caused severe disruption to Indias cash-driven economy and slammed the brakes on growth, which slowed to a two-year low in the quarter to March.The official schedule of GST rates runs to 213 pages and has undergone repeated last-minute changes.New Delhi: Businessman Pankaj Jain is so worried about the impending launch of a new sales tax in India that he is thinking of shutting down his tiny textile factory for a month to give himself time to adjust."I know my غير مجاز مي باشدts will go up, but I dont know about my income," he said. The government estimates smaller companies account for 45 percent of manufacturing and employ more than 117 million people.A big concern is the Indian GSTs sheer complexity - with rates of 5, 12, 18 and 28 percent, and myriad exceptions, it contrasts with simpler, flatter and broader sales taxes in other countries. I make rubber sporting goods – so what tax am I supposed to pay?" asks Anurag Agarwal, the local IIA secretary.The structure will encourage companies to buy from suppliers that are GST-compliant, so that tax credits can flow down a supply chain.One particular concern is how a new feature of the GST, the input tax credit, will work. Turning to open a metal cabinet, he pulled out a hand-written ledger to show how he keeps his books."

It is a technological marvel, as well as a fiscal marvel," Revenue Secretary Hasmukh Adhia told Reuters in an interview. "I might even have to shut up shop completely and go into trading".But he is simply not ready for a regime that from July 1 will for the first time tax the bed linen his 10 workers make, and require him to file his taxes every month online.Adhia played down the risk of job losses, however, saying this would be offset by new service sector jobs. From September they must file a total of 37 online returns annually - three each month and one at the years end - for each state they operate in."It could throw the business out of gear - it can affect your volumes by at least 30 percent," said the head of one large cement company in the Delhi region.0The prospect of disruption is drawing comparisons with Modis decision last November to scrap high-value bank notes that made up 86 percent of the cash in circulation, in a bid to purge illicit "black money" from the system.GRACE PERIOD?The top government official responsible for coordinating the GST rollout rebuts complaints from bosses that the tax is too complex, adding that the IT back-end that will drive it - crunching up to 5 billion invoices a month - is robust."In the initial months, there may be utter confusion," said chairman Ashok Malhotra, who runs one firm that manufactures voltage stabilisers and a second that makes timing equipment for boxing contests.On the desk in his tiny office in Meerut, two hours drive northeast of New Delhi, lay two calculators.DEMONETISATION 2.With a flourish, the tangle is gone and Bachchan proclaims: "One nation, one tax, one market!"NOT SO SIMPLEBy tearing down barriers between Indias 29 states, the GST should deliver efficiency gains to larger businesses.3 billion people into a common market.Yet at the local chapter of the Indian Industries Association, which groups 6,500 smaller enterprises nationwide, the talk is about how to cope in the aftermath of the GST rollout. HSBC estimates the reform could add 0.Jain is one of the millions of small business owners who face wrenching change from Indias biggest tax reform since independence that will unify the countrys trillion economy and 1.

However, Jayaram surged ahead with some good placements before finally FPM O ring Factory sealing the issue with a jump smash. Srikanth 4-15, 15-11, 15-9 in the third rubber of the day.Continuing the momentum, the Malaysian men’s doubles pair of Koo Keat Kien and Tan Boon Heong defeated Hoon Thien How and Khim Wah Lim 15-9, 15-10 to bring home two crucial points. I played my natural game and kept the game tight," said the Mumbai-born shuttler.Ouseph brought his experience to fore as he pushed Srikanth to commit an array of unforced errors which غير مجاز مي باشدt the latter dear.Trailing 0-3, the Top Guns banked on their top men’s singles player Srikanth to bring home the first point but the 22-year-old failed to deliver when it mattered.

The power packed jumping smashes and engrossing net plays were all on display as Jayaram toyed with his junior opponent.Verma though showed some spirit in the second game as he clawed back to 10-all after trailing 2-8 initially. Nandagopal and Satvik Sai 15-12, 14-15, 15-13 in the fifth rubber of the day. 10 K. Kii and Tan mesmerised the crowd with their counter defense en route to an easy win."I have played few matches against Sameer and know his style which helped me to create my strategy.Home advantage seems to have done the trick for the Delhi Acers as they took an unassailable 4-0 lead over Bengaluru Top Guns in the Premier Badminton League Season 2 here on Friday.Jayaram was happy to maintain his good rhythm, which he had picked since the final appearance at the 2015 Korea Open Super Series.

The Acers won 4-1 after the men’s doubles pair of Koo Keat Kien and Tan Boon Heong won the hosts’ trump game, overcoming the Hunters’ K.Late on Thursday, Tommy Sugiarto stunned two-time Olympic silver medallist Lee Chong Wei to turn the tables on the Hyderabad Hunters to give the Acers their first win.Earlier, Ajay Jayaram — sporting a new hairdo — smashed his way to a 15-10, 15-12 win over Sameer Verma to give the hosts a positive start.The loss was Hyderabad’s first in the season, while Delhi won after back-to-back losses. I put pressure on him from the first serve and managed to continue till the last minute.Delhi’s England recruit Rajiv Quseph continued his brilliant run at the Siri Fort Sports Complex, coming back from a game down to stun Bengaluru’s world no.

After Vanessa posted photos flaunting a ring and her new haircut on Instagram, fans started speculating. To get married?" While another fan added, "At last! Seems like your bf took the best decision ever. Not to show off my ring that I happened to throw on that finger after a long day of filming but to show off my haircut (sic). China custom rubber seal I’m not engaged!

I posted a pic..After rumours that Vanessa Hudgens got engaged to longtime boyfriend Austin Butler started doing the rounds, the High School Musical actress took to Twitter to clarify.She tweeted, "Guys. To propose to you..". One fan wrote, "Rings on the ring finger of the left hand. Well I would have done that long time ago because women like you are pretty much like one in a billion (sic)." Vanessa and Austin are dating since 2011.