Bandhan Bank Opens Branch Dharamshala

Himachal This Week, Dharamshala

Bandhan bank opened its new branch in Dharamshala with SDM Shravan Manta inaugurating it. This is the second branch of Bandhan bank in Dharamshala with first one rendering services at Shimla. Different categories of saving accounts are framed in the bank keeping in view needs of all sections of the society.  The bank is offering normal bank account facility at a minimum average quarterly balance (AQB) of Rs. 2000. Besides this, best banking facility is available even for elite class. For this particular bank account, minimum average quarterly balance is set at one lakh rupees. The bank is offering maximum of complementary services in this particular bank account. The bank contemplates to offer 24 hours customer care service. Besides this, bank is also offering internet banking, mobile banking and phone banking to its customers. The bank is also offering free two Immediate Payment Service (IMPS), Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), and Demand Draft (DD) facility to its customers.

Hightech Satluj Motors Organises Exchange Offer

Himachal This Week, Kullu

Hightech Satluj Motors recently organised a two-day mega exchange fair at Dhalpur ground in Kullu. Customers were greeted with an offer to exchange their old car with the new one during this two day fair. Besides this Satluj motors also offered attractive offers to the customers to attract customers. The company also offered on the spot insurance during two day fair. Managing Director of  Hightech Satluj Motors Narender Guleria inaugurated the two day mega exchange fair. Tata’s recently launched lifestyle vehicle ‘Hexa’ was also displayed to the customers during this fair. The stylist vehicle grabbed many eyeballs during the event.

Entry Tax On Online Shopping

Shakeel Qureshi

The state government will earn more than Rs. 50 crore annually by imposing five percent entry tax on online shopping. However, the excise and taxation department does not have any confirmed estimates about this income because courier companies are not registered with the department. Besides this, the department is not aware of estimate of material that ships into Himachal through online shopping. A large number of people in Himachal prefer shopping through online mode and sensing this large volume, it is estimated that the government will earn more than Rs. 50 crore tax annually. It is pertinent to mention here that the state government has imposed five percent entry tax on online shopping. But this tax will be applicable for few months only. This tax will automatically come under the fold of GST when implemented in state. Therefore this tax will not be imposed for a longer period and it is why estimates on earning through this mode has also not been made until yet. People are purchasing every item from shoes, clothes to electronic items through online shopping mode. Business men community of the state is happy with the imposition of entry tax on online shopping. They opined that where on the one hand it will add more than Rs. 50 crore to the state exchequer annually, it will also provide relief to business community, as online shoppin g was affecting the business of local trading community to the tune of about Rs. 30 crore to Rs. 35 crore.

 

* The trading community will get relief from the imposition of entry tax on online shopping, as it was hurting local traders. Imposition of this system until introduction of GST will benefit the business community.

-Inderjeet Singh,

President, Vyapar Mandal

 

* There is no estimate of income to the government through tax on online shopping for now. Estimate could be made only after registration of courier companies and estimate of material items entering the state through online shopping mode.

– Sanjay Bhardwaj,

Assistant Commissioner, Excise and Taxation Department

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