Configuration of Service Tax in Point of Sale

Service tax has been raised for Premium Products.The Same need to be configured in Supervisor of Point of Sale module.

• How to change the service tax??

                 Login as Supervisor-->Configuration>>Tariff Revision--Service tax change from 10-12

• Although Service tax has been raised there is no change in the 'One India One rate'  and Local speed post article under 50 gms

                   Login as supervisor in point of sale module>>Configuration>>Tariff Revision>>Speed Post Inland>>Change rate upto 50 gms for all slabs except local 22.64 to 22.24....... For local it is be changed from 10.85 to 10.67

Repo rate Cut by 0.5% by RBI

RBI cut repo rate by 0.5% , Thus repo rate became 8.0 from 8.5%. There is No change in Cash Reserve Ratio( C.R.R). The Cut in Repo rate may help to have a decrease in the Interest rate of Housing Loan, and Vehicle Loan

The rate at which the RBI lends money to commercial banks is called repo rate. It is an instrument of monetary policy. Whenever banks have any shortage of funds they can borrow from the RBI. A reduction in the repo rate helps banks get money at a cheaper rate and vice versa.

Holiday Monetary Compensation for Postal employees

For Postal Department 13,14 and 15 of April are holidays, As per the Rule if Holiday comes in Three consecutive Days . Delivery Staff, Postmaster and Mails P.A need to work any of this Holidays..Here is A revised Order issued by Directorate Regarding incentive to be to Given to Postal employees while working on Holidays

File No. 10-7/2001-P.E.II

Government of India

Ministry of Communications & IT

Department of Posts

(Establishment Division)

Dak Bhawan Sansad Marg New Delhi – 110001

Dated the 24-11-2010

Chief Postmaster General
Postmaster General
General Managers (Finance)
Director of Accounts Postal

Subject: - Revision of Fixed Monetary compensation (FMC) to delivery staff and remuneration to other staff

Sir/Madam,

I am directed to refer to Directorates letter of even number dated 4-9-2002 and 28.1.2003 on the above subject.

2. The Department has received a number of references from the staff Associations requesting for upward revision of fixed Monetary compensation (FMC) admissible to Postmen staff. A Committee of Senior Officers was constituted for looking into the issue and the report of the Committee has been examined carefully in consultation with integrated Finance wing and the Competent Authority has ordered enhancement of the Fixed Monetary compensation (FMC) admissible to Postmen staff. The details are as under:

Sanchay 6.6.1 Upgradation Step by Step in sub Offices

         

Install latest DB Analyser and

·         Clear all log File from DB utilities

·         Check Database Discrepency and solve

à Ledger entries prior to Account open Date

                        àLedger Entries with Open date as on 01/01/1990

                        àLedger Entries with LOT date as 01/01/1990

1. Ensure that You have Upgraded to sanchay post 6.6 and Sanchay Post R2—Check it with Db analyser
2. Check that you have configured your H.O in Initialization—PO Name and address—Add a H.O
3. ·         Do the Day End In sanchay 6.6
4. ·         Remove Old Sanchay Post 6.6
5. ·         Install Sanchay Post 6.6.1                         Click Here to Download sanchay 6.6.1

New Sanchay Post 6.6.1 Patches updated 10.4.2012

New patches for sanchay post 6.6.1 updated on 10.4.2012

Download from this link http://tamilnadupost.nic.in/sdc/patches.htm

SERVICE TAX FOR PREMIUM PRODUCTS RAISED

Service tax for various premium products like Speed post, Express Parcel Post raised by 12%. There is no change in Education Cess(2%) and and Higher Secondary Education Cess(1%). Thus the effective rate from 1.4.2012 is 12.36%

Download  Order


Note:  Service tax has been revised from 10% to 12% w.e.f. 1-4-2012 for premium products.  But in the case of speedpost booked under 'Local'' and 'One India One Rate ' the existing rate will remain.  ie;

Local Speed Post @ INR 12

‘One India One Rate’ Speed Post @ INR 25 

Staff Selection Commission Exam 2012

The combined Graduate level examination of 2012 will be held on 1.7.2012 and 8.7.2012

Download Notice

Download Form

Closing Date 20.4.2012

Patches for interest revision All schemes

Patches for interest revision for all schemes were put in this http://tamilnadupost.nic.in/sdc/patches.htm link for download..

Dearness Allowance January 2012 – DoPT Order

o.1(1)/2012-E-II(B)

Government of India

Ministry of Finance

Department of Expenditure

New Delhi,the 3rd April, 2012.

OFFICE MEMORANDUM

Subject: Payment of Dearness Allowance to central Government employees – Revised rates effective from 1.1.2012.

The undersigned is directed to refer to this Ministry’s Office memorandum NO. 1(14)/2011-E-II(B) dated 3rd october , 2011 on the subject mentioned above and to say that the president is pleased to decided that the Dearness Allowance payable to Central Government employees shall be enhanced from the existing rate of 58% to 65% with effect from 1st January, 2012.

2. The provisions contained in paras 3, 4 and 5 of this Ministry’s O.M. No. 1(3)/2008-E-II(B) dated 29th august, 2008 shall continue to be applicable while regulating Dearness Allowance under these orders.

3 The additional installment of Dearness Allowance payable under these orders shall be paid in cash to all central government employees.

4 These orders shall also apply to the civilian employees paid from the Defence Services estimates and the expenditure will be chareable to the relevant head of the Defence services estimates. In regard to Armed Forces peronnel and Railway employees separate orders will be issued by the Ministry of Defence and Ministry of Railways respetviely.

5 In so far as the persons serving in the Indian Audi and Accounts Department are concerned, these orders issue in consultation with the comptroller and Auditor General of India.

Anil Sharma

Under Secretary to the Government of India

Face book May launch Hate button

Riding on the popularity of its 'Like' button, Facebook might be planning to give users a chance to showcase the opposite emotion with the 'Hate' button.

The Like button, which is a social plugin, lets users share content with friends and is a popular way of connecting your Facebook page with the page you've liked.

"When the user clicks the Like button on your site, a story appears in the user's friends' News Feed with a link back to your website. Your page will appear in the "Likes and Interests" section of the user's profile, and you have the ability to publish updates to the user," says Facebook.