Launch of AICE as appeared in newspapers

GST

AICE, EDAPPALLY- FOR BANK EXAM COACHING

GST (GOODS AND SERVICE TAX) 

In 2000, the Vajpayee Govt. started discussion on GST (Goods and Service Tax) by setting up an empowered committee. The committee was headed by Asim Dasgupta (Finance Minister, West Bengal. It was given the task of designing the GST model and overseeing the IT back-end preparedness for its rollout. 

Present system

India currently has a dual system of taxation of goods and services, which is quite different from dual GST. Taxes on goods are described as “VAT” at both Central and State level. It has adopted value added tax principle with input tax credit mechanism for taxation of goods and services, respectively, with limited cross-levy set-off. The present tax system has four major constituents:

1.Excise duty

2.Service Tax

3.Sales Tax/VAT

4.Customs duty

What GST is about?

the GST is a value added tax to be levied on both goods and services (except for a list of exempted goods and services), at both the centre and state level (Central GST and State GST respectively). This is a single tax which will be levied on the product or service which is sold. In other words, multiple taxes like CENVAT, central sales tax, state sales tax, octroi, etc will not exist and will be replaced by GST. This comprehensive tax covers all stages from manufacture to sale. The tax will be levied only on the value added at each stage of the life cycle.The tax-rate under the proposed GST would come down, but the number of assesses would increase by 5-6 times. Although rates would come down, tax collection would go up due to increased buoyancy. The government is working on a special IT platform for smooth implementation of the proposed Goods and Services Tax (GST).

The Lok Sabha has passed the GST Bill, whereas the Rajya Sabha referred the GST Bill to a Select Committee and has asked that the committee headed by BJP MP Bhupendra Yadav to submit its report on the last day of the first week of the Monsoon Session.

(2015-Compiled from different publications and broadcasts, for information of readers)

SBI PO Exam Analysis

AICE - Bank Coaching, Edappally, Ernakuam

How SBI PO-2015 may appear!

(based on previous paper pattern)

In 2015, SBI has reintroduced the preliminary exam, as a tool of elimination.  This will ensure that only serious students will appear for the Main exam.  The preliminary exam is only for one hour and expected to be at lower level of difficulty.  Please refer to our ‘update & links’  link for the time, marks and so on.etc. However, the overall pattern of SBI PO 2015 is expected to be in the following lines.

English Language

Usual standards is expected in questions, and difficulty level may not be higher, but in line with IBPS examinations, easy for the serious student to answer, without much difficulty. We do not expect any surprises in English section.

Reasoning 

During 2014, non verbal questions were absent, which may continue this time also.  However, we may expect surprises. Questions on Sitting arrangement and puzzles will be of time consuming nature.

Data Interpretation

Questions on pie chart, graph, table etc. may form part of the the paper.  The calculations will be lengthy and time consuming, and hence constant practice is needed to tackle the questions. In 2014, questions on probability were absent, but we cannot rule out questions on the topic this year.

General Awareness

Banking and Economy may dominate this section. However, questions on International affairs,  Indian Economy, currency and awards are also expected. 

Computer Knowledge 

Questions are expected from MS Office, Application Software, Hardware, Software, and Input-Output Units and of medium level of difficulty.

Marketing Awareness

This section can be easy and you may solve every question with common sense and a little knowledge on Marketing Basics.

Descriptive Section:

SBI is giving lot of importance to English section. Time may not be a constraint for this section.  The candidates have to practice good grammar and good handwriting.

Letter writing

Some common topics: Write a complaint letter to Police, Letter to Bank Manager about deficiency of service, write to a customer about particular product of a Bank..

 Précis Writing -

Questions based on economy, inflation, games, social relevant subjects etc. will form part of the topics. 

Reading Comprehension -

It will be a long essay, which the candidate has to go through thoroughly, to enable him to write the answers.  Usually, it will be advantageous, to the candidate, if he is aware of the current national tax laws, economic policies etc.

(Disclaimer: This is for information purpose only, and we will not be responsible for any decision taken out of the information provided. The readers may refer to original documents of the publishers/ departments before acting)