Magus Consulting Pvt.Ltd.
Get a call back from our experts !
Magus is a leading Real estate consulting company providing integrated end-to-end solutions from Concept to Commissioning (C2C). We are experts in design & construction of Factories,Cold storage units,Warehouses, Logistics Parks and Manufacturing units anywhere in India.Welcome to Magus, a destination where your journey of a promising future begins.
Shaping Concept to Complete a Vision
Fulfillment center/ Logistics/ Cold Storage/ warehouse Solutions.
Project Development Solutions
Smart City Solutions
Factory/ Manufacturing unit Setup Solutions
Interests of our clients are core to us. We believe in delivering original solutions.
Our culture of innovation makes us complete. Our people is our strength. Team-work is a practice in Magus.
Transparent, accountable & delivery-oriented process is our might.
Project is a complex mix of multi skills applications in right directions to achieve the defined objective.
All the parameters are influential to one another. Any decision based on the isolated assessment would lead to the inappropriate decision making, thereby chances of affecting the project on COST & TIMELINE front.
The key to analyze the right project components followed by optimizing the quantum of project components will give enough flexibility to the project.
This will not only help projects to sustain the Initial Life Cycle but also helps to achieve the target potential (profits) in the defined timelines.
Further, Government plays an important role in the whole process. Now-a-days Government being more development oriented and have implemented single window clearance system. Also in some of the cases, Government is pro towards making the approval process online. Various policy initiatives have also been taken to promote sectorial projects.
The correct mix of Private Objective and Government Policy Incentives, with end user consideration helps to configure the MARKET READY PROJECT. And such Market Ready Projects (MRP) will evolve as USP projects to fetch the success.
views from NISHANT VASANI
(V.P.- MAGUS CONSULTING PVT. LTD.)
(for more details contact on firstname.lastname@example.org )
Views – 235
The Goods and Service Tax (GST) is the most radical taxation reform that could alter India’s economic prospects.
Presently, the Central Government levy excise duty on manufacturing and service tax on the supply of services. Whereas, State Governments levy sales tax or value added tax (VAT) on the sale of goods. This exclusive division of fiscal powers has led to a multiplicity of indirect taxes in the country. In addition to above, Central Sales Tax (CST) is levied on Inter-State Sale of goods by the Central Government, but collected and retained by the exporting States. Further, many States levy an Entry Tax on the entry of goods in local areas. This multiplicity of taxes at the State and Central levels has resulted in a complex indirect tax structure in the country that is ridden with hidden costs for the trade and industry.
Firstly, there is no uniformity of tax rates and structure across States. Secondly, there is cascading of taxes due to ‘tax on tax’. No credit of excise duty and service tax paid at the stage of manufacture is available to the traders while paying the State level sales tax or VAT, and vice-versa. Further, no credit of State taxes paid in one State can be availed in other States. Hence, the prices of goods and services get artificially inflated to the extent of this ‘tax on tax’.
GST will simplify and harmonize the indirect tax regime in the country. GST reform will be as under :
Central Taxes to be subsumed :-
i. Central Excise Duty
ii. Additional Excise Duty
iii. The Excise Duty levied under the Medicinal and Toiletries Preparation Act
iv. Service Tax
v. Additional Customs Duty, commonly known as Countervailing Duty (CVD)
vi. Special Additional Duty of Customs-4% (SAD)
vii. Cesses and surcharges in so far as they relate to supply of goods and services.
State Taxes to be subsumed :-
i. VAT/Sales Tax
ii. Central Sales Tax (levied by the Centre and collected by the States)
iii. Entertainment Tax
iv. Octroi and Entry Tax (all forms)
v. Purchase Tax
vi. Luxury Tax
vii. Taxes on lottery, betting and gambling
viii. State cesses and surcharges in so far as they relate to supply of goods and services.
Stamp duty is not proposed to be subsumed under GST and hence will continue as it is today.
All goods and services except Petroleum and Petroleum products, Tobacco and Tobacco products, Alcoholic liquor for human consumption not covered under the purview of GST.
Since GST regime coming into place, it is expected to reduce cost of production and inflation in the economy, thereby making the Indian trade and industry more competitive, domestically as well as internationally. It is also expected that introduction of GST will foster a common or seamless Indian market and contribute significantly to the growth of the economy.
The writer has expressed his own views and opinions only.
VP Finance – Magus
(For more details contact on email@example.com)
Views – 199