Compliance Calendar for March 2019

compliance

Compliance requirement under Income Tax Act, 1961

Applicable Laws/Acts Due Dates Compliance Particulars Forms/ (Filing mode)
Income Tax Act, 1961 02.03.2019 Due date for furnishing of challan-cum- statement in respect of tax deducted under section 194-IA in the month of January, 2019 194-IA
Income Tax Act, 1961 02.03.2019 Due date for furnishing of challan-cum- statement in respect of tax deducted under section 194-IB in the month of January, 2019 194-IB
Income Tax Act, 1961 07.03.2019 Due date for deposit of Tax deducted/collected for the month of February, 2019. (TDS & TCS) TDS & TCS
Income Tax Act, 1961 15.03.2019 Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of February, 2019 has been paid without the production of a challan Form 24G
Income Tax Act, 1961 15.03.2019 Fourth installment of advance tax for the assessment year 2019-20 Advance Tax
Income Tax Act, 1961 15.03.2019 Due date for payment of whole amount of advance tax in respect of assessment year 2019-20 for assessee covered under presumptive scheme of section 44AD/44ADA Section 44AD/44ADA
Income Tax Act, 1961 17.03.2019 Due date for issue of TDS Certificate for tax deducted under section 194- IA in the month of January, 2019 TDS Certificate under section 194-IA
Income Tax Act, 1961 17.03.2019 Due date for issue of TDS Certificate for tax deducted under section 194- IB in the month of January, 2019 TDS Certificate under section 194-IB
Income Tax Act, 1961 30.03.2019 Due date for furnishing of challan-cum- statement in respect of tax deducted under section 194-IA in the month of February, 2019 Section 194-IA
Income Tax Act, 1961 30.03.2019 Due date for furnishing of challan-cum- statement in respect of tax deducted under Section 194-IB in the month of February, 2019 Section 194-IB
Income Tax Act, 1961 31.03.2019 Due date for linking of Aadhaar number with PAN
Income Tax Act, 1961 31.03.2019 Country-By-Country Report in Form No. 3CEAD for the previous year 2017- 18 by a parent entity or the alternate reporting entity, resident in India, in respect of the international group of which it is a constituent of such group. Form No. 3CEAD
Income Tax Act, 1961 31.03.2019 Country-By-Country Report in Form No. 3CEAD for a reporting accounting year (assuming reporting accounting year is April 1, 2017 to March 31, 2018) by a constituent entity, resident in India, in respect of the international group of which it is a constituent if the parent entity is not obliged to file report u/s 286(2) or the parent entity is resident of a country with which India does not have an agreement for exchange of the report etc. Form No. 3CEAD

Compliance Requirement under Goods & Services Act, (GST) 2017

Applicable Laws/Acts Due Dates Compliance Particulars Forms/ (Filing mode)
GST, Act, 2017 10.03.2019 Form GSTR-7 for the month of February, 2019 GSTR-7
GST, Act, 2017 10.03.2019 TCS Collector GSTR – 8
GST, Act, 2017 11.03.2019 Return of outward supplies of taxable goods and/or services for the Month of February 2019 (for Assesses having turnover exceeding 1.5 Cr.) Monthly Return. GSTR – 1
GST, Act, 2017 13.03.2019 Due date for Furnishing return by Input Service Distributors (ISD) GSTR – 6
GST, Act, 2017 20.03.2019 Summary of outward taxable supplies and tax payable by Non-Resident taxable person & OIDAR respectively. GSTR-5 & GSTR – 5A
GST, Act, 2017 20.03.2019 Simple GSTR return for the month of February, 2018 GSTR – 3B
GST, Act, 2017 31.03.2019 To claim ITC for FY 2017-18
GST, Act, 2017 31.03.2019 GST TRAN-1 for Technical Glitches in earlier returns

Compliance under Other Statutory Laws

Applicable Laws/Acts Due Dates Compliance Particulars Forms / (Filing mode)
EPF
(The Employees’ Provident Funds And Miscellaneous Provisions Act, 1952)
15.03.2019 PF Payment for February, 2019 ECR
ESIC
(Employees’          State Insurance Act, 1948)
15.03.2019 ESIC Payment for February, 2019 ESI Challan
Maharashtra Professional Tax Act 31.03.2019 Monthly Return for February Under Maharashtra Profession Tax, Trade and Ceilings III-B

 

Sources

 

https://www.incometaxindia.gov.in/_layouts/15/dit/mobile/tax-calendar/taxcalendar.aspx

https://studycafe.in/2019/03/corporate-compliance-calendar.html

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Links of Acts, Rules, Notifications, Circulars & Press Release

To save couple of minutes in searching bare acts, rules, notifications etc on search engines, these are few direct links for reference.

i. DIRECT TAX

INCOME TAX 

INCOME TAX ACT, 1961

INCOME TAX RULES, 1962

ii. INDIRECT TAX

GST ACTS

THE CENTRAL GOODS AND SERVICES TAX ACT, 2017

THE INTEGRATED GOODS AND SERVICES TAX ACT, 2017

THE UNION TERRITORY GOODS AND SERVICES TAX ACT, 2017

THE GOODS AND SERVICES TAX (COMPENSATION TO STATES) ACT, 2017

THE CENTRAL GOODS AND SERVICES TAX (AMENDMENT) ACT, 2018

GST RULES

Central Goods and Services Tax (CGST) Rules,2017, Part – A(RULES)

Central Goods and Services Tax (CGST) Rules,2017, Part – B(FORMS)

GST NOTIFICATIONS

Central Tax Notifications

Central Tax (Rate) Notifications

Integrated Tax Notifications

Integrated Tax (Rate) Notifications

 

GST CIRCULARS/ORDERS/ORDINANCE

 

GST PRESS RELEASE 

 

CUSTOMS ACT

CUSTOMS ACT, 1962

iii. COMPANIES ACT

COMPANIES ACT, RULES, NOTIFICATIONS & CIRCULARS

iv. STATE ACTS/ NOTIFICATION AND CIRCULARS (MAHARASHTRA)

a. GST ACT

Maharashtra Goods and Services Tax Act, 2017 and Maharashtra Goods and Services Tax Rules, 2017

SGST(Maharashtra) Notification/Trade Circular/Governament resolution

VAT And Other Acts

VAT And Other Acts( rules)

Notification

RATE SCHEDULES UNDER VARIOUS STATE ACTS

c. RERA Act and Notifications

RERA Act and Notifications

 

v. Accounting Standards issued by the ICAI

 

vi. Accounting Standards notified by the Central Government under the Companies Act

vii. Compendium of Indian Accounting Standards( Ind AS)

 

viii. Standard on Auditing 

 

 

GST Reverse Charge Mechanism (RCM)

Meaning

Reverse charge means the liability to pay tax is on the recipient of supply of goods or services instead of the supplier of such goods or services in respect of notified categories of supply.

Types

There are two type of reverse charge scenarios provided in GST law.

First category is dependent on the nature of supply and/or nature of supplier.  The first scenario is covered by section 9 (3) of the CGST/ SGST (UTGST) Act and section 5 (3) of the IGST Act.

Second category is covered by section 9 (4) of the CGST/SGST (UTGST) Act and section 5 (4) of the IGST Act where taxable supplies by any unregistered person to a registered person is covered which stands postponed.

Registration

A person who is required to pay tax under reverse charge has to compulsorily register under GST and the threshold limit of Rs. 20 lakhs (Rs. 10 lakhs for special category states except J & K) is not applicable to him.

Supplies of services under reverse charge mechanism:

Sl. No. Supplier of service Category of Supply of Services Recipient of Service
-1 -2 -3 -4
1 Goods Transport Agency (GTA) Supply of Services by a goods transport agency (GTA) who has not paid central tax at the rate of 6%, in respect of transportation of goods by road to- (a) Any factory registered under or governed by the Factories Act, 1948(63 of 1948); or
(a) any factory registered under or governed by the Factories Act, 1948(63 of 1948);or (b) any society registered under the Societies Registration Act, 1860 (21 of 1860) or under any other law for the time being in force in any part of India; or
(b) any society registered under the Societies Registration Act, 1860 (21 of 1860) or under any other law for the time being in force in any part of India; or (c) any co-operative society established by or under any law; or
(c) any co-operative society established by or under any law; or                                           (d) any person registered under the Central Goods and Services Tax Act or the Integrated Goods and Services Tax Act or the State Goods and Services Tax Act or the Union Territory Goods and Services Tax Act; or (d) any person registered under the Central Goods and Services Tax Act or the Integrated Goods and Services Tax Act or the State Goods and Services Tax Act or the Union Territory Goods and Services Tax Act; or
(e) any body corporate established, by or under any law; or (e) any body corporate established, by or under any law; or
(f) any partnership firm whether registered or not under any law including association of persons; or (f) any partnership firm whether registered or not under any law including association of persons; or
(g) any casual taxable person (g) any casual taxable person; located in the taxable territory.
Provided that nothing contained in this entry shall apply to services provided by a goods transport agency, by way of transport of goods in a goods carriage by road, to, –
(a) a Department or Establishment of the Central Government or State Govt. or Union territory; or
(b) local authority; or
(c) Governmental agencies, which has taken registration under the Central Goods and Services Tax Act, 2017 (12 of 2017) only for the purpose of deducting tax under section 51 and not for making a taxable supply of goods or services.
2 An individual advocate including a senior advocate or firm of advocates. Services supplied by an individual advocate including a senior advocate by way of representational services before any court, tribunal or authority, directly or indirectly, to any business entity located in the taxable territory, including where contract for provision of such service has been entered through another advocate or a firm of advocates, or by a firm of Any business entity located in the taxable territory.
advocates, by way of legal services, to a business entity
3 An arbitral tribunal Services supplied by an arbitral tribunal to a business entity Any business entity located in the taxable territory
4 Any person Services provided by way of Any body corporate or partnership firm located in the taxable territory
sponsorship to any body corporate or partnership firm.
5 Central Government, State  

 

Any business entity located in the taxable territory
Government, Union territory or local authority a business entity excluding, –
(1) renting of immovable property, and(2) services specified below-(i) services by the Department of Posts by way of speed post, express parcel post, life insurance, and agency services provided to a person other than Central Government, State Government or Union territory or local authority;(ii) services in relation to an
aircraft or a vessel, inside or
outside the precincts of a port or an airport;(iii) transport of goods or passengers.
5A Central Government, State Services supplied by the Central Government, State Any person registered under the Central Goods and Services Tax Act, 2017.”
Government, Union territory or local authority Government, Union territory or local authority by way of renting of immovable property to a person registered under the Central Goods and Services Tax Act, 2017 (12 of 2017).
6 A director of a company or a body corporate Services supplied by a director of a company or a body corporate to the said company or the body corporate The company or a body corporate located in the taxable territory
7 An insurance agent Services supplied by an insurance agent to any person carrying on insurance business. Any person carrying on insurance business, located in the taxable territory
8 A recovery agent Services supplied by a recovery agent to a banking company or a financial institution or a non banking A banking company or a financial institution or a non-banking financial company, located in the taxable territory
financial company
9 Author or music composer, Supply of services by an author, music composer, photographer, artist or the like by way of transfer or permitting the use or enjoyment of a copyright covered under clause (a) of sub-section (1) of section 13 Publisher, music company, producer or the like, located in the taxable territory
photograp her, artist, or the like of the Copyright Act, 1957 relating to original literary, dramatic, musical or artistic works to a publisher, music company, producer or the like.
10 Members of Overseeing Supply of services by the members of Overseeing Committee to Reserve Bank of India Reserve Bank of India.
Committee constituted by
the Reserve Bank of India
11 Individual Direct Selling Agents (DSAs) other than a body corporate, partnership or limited liability partnership firm. Services supplied by individual Direct Selling Agents (DSAs) other than a body corporate, partnership or limited liability partnership firm to bank or non-banking financial company (NBFCs). A banking company or a non-banking financial company, located in the taxable territory
12  Business facilitator (BF) Services provided by business facilitator (BF) to a banking company  A banking company,
located in the taxable territory
13 An agent of business Services provided by an agent of business correspondent (BC) to business correspondent (BC). A business correspondent, located in the taxable territory
correspondent (BC)
14 Any person other than a body corporate Security services (services provided by way of supply of security personnel) provided to a registered person:  A registered person, located in the taxable territory
Provided that nothing contained in this entry shall apply to, –
(i) (a) a Department or Establishment of the Central Govt. or State Government or Union territory; or
(b) local authority; or
(c) Governmental agencies;
which has taken registration under the Central Goods and Services Tax Act, 2017 only for the purpose of deducting tax under section 51 of the Act and not for making a taxable supply of goods or services; or
(ii) a registered  person paying tax under section 10 of the said Act.

Explanations:

(a)The person who pays or is liable to pay freight for the transportation of goods by road in goods carriage, located in the taxable territory shall be treated as the person who receives the service for the purpose of this notification.

(b) “Body Corporate” has the same meaning as assigned to it in clause (11) of section 2 of the Companies Act, 2013.

(c) the business entity located in the taxable territory who is litigant, applicant or petitioner, as the case may be, shall be treated as the person who receives the legal services for the purpose of this notification.

(d) the words and expressions used and not defined in this notification but defined in the Central Goods and Services Tax Act, the Integrated Goods and Services Tax Act, and the Union Territory Goods and Services Tax Act shall have the same meanings as assigned to them in those Acts.

(e) A “Limited Liability Partnership” formed and registered under the provisions of the Limited Liability Partnership Act, 2008 (6 of 2009) shall also be considered as a partnership firm or a firm.

(f) “insurance agent” shall have the same meaning as assigned to it in clause (10) of section 2 of the Insurance Act, 1938 (4 of 1938).

(g) “renting of immovable property” means allowing, permitting or granting access, entry, occupation, use or any such facility, wholly or partly, in an immovable property, with or without the transfer of possession or control of the said immovable property and includes letting, leasing, licensing or other similar arrangements in respect of immovable property.’.

(h) Provisions of the Notification No. 29/2018- Central Tax (Rate), in so far as they apply to the Central Government and State Governments, shall also apply to the Parliament and State Legislatures

Note:

Applicability of RCM on various categories is as under:

Serial No. 1 to 5 and 9 w.e.f. 1st July 2017
Serial No. 5A w.e.f. 25th January, 2018
Serial No. 10 w.e.f 13th October, 2017
Serial No. 11 w.e.f. 27th July, 2018
Serial No. 12, 13, 14 w.e.f. 1st January 2019

Supplies of goods under reverse charge mechanism:

S. No.  Description of supply of goods  Supplier of goods  Recipient of goods
1 Cashew nuts, not shelled or peeled Agriculturist Any registered person
2 Bidi wrapper
leaves (tendu)
Agriculturist Any registered person
3 Tobacco leaves Agriculturist Any registered person
4 Supply of
lottery
State Government, Union Territory or any local authority Lottery distributor or selling agent
5 Silk yarn Any person who manufactures silk yarn from raw silk or silk worm cocoons for supply of silk yarn Any registered person

Sources

https://abcaus.in/gst/revised-list-of-services-covered-under-rcm.html

https://cbec-gst.gov.in/pdf/e-version-gst-fliers/reverse-charge-mechanism-08aug2017.pdf

https://cbec-gst.gov.in/e-version-gst-fliers.html

http://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-29-2018-cgst-rate-english.pdf;jsessionid=D1645AB61C5F5E5895DA3FAA1E48CAFA

A kinder, gentler philosophy of success

success

For me they normally happen, these career crises, often, actually, on a Sunday evening, just as the sun is starting to set, and the gap between my hopes for myself and the reality of my life starts to diverge so painfully that I normally end up weeping into a pillow.

I’m mentioning all this because I think this is not merely a personal problem; you may think I’m wrong in this, but I think we live in an age where our lives are regularly punctuated by career crises, by moments when what we thought we knew — about our lives, about our careers — comes into contact with a threatening sort of reality.

It’s perhaps easier now than ever before to make a good living. It’s perhaps harder than ever before to stay calm, to be free of career anxiety.

I want to look now, if I may, at some of the reasons why we might be feeling anxiety about our careers. Why we might be victims of these career crises, as we’re weeping softly into our pillows.

One of the reasons why we might be suffering is that we are surrounded by snobs. What is a snob? A snob is anybody who takes a small part of you, and uses that to come to a complete vision of who you are. That is snobbery.The dominant kind of snobbery that exists nowadays is job snobbery. You encounter it within minutes at a party, when you get asked that famous iconic question of the early 21st century, “What do you do?”According to how you answer that question, people are either incredibly delighted to see you, or look at their watch and make their excuses.

Now, the opposite of a snob is your mother.Not necessarily your mother, or indeed mine, but, as it were, the ideal mother, somebody who doesn’t care about your achievements. Unfortunately, most people are not our mothers. Most people make a strict correlation between how much time, and if you like, love — not romantic love, though that may be something — but love in general, respect — they are willing to accord us, that will be strictly defined by our position in the social hierarchy.

And that’s a lot of the reason why we care so much about our careers and indeed start caring so much about material goods. You know, we’re often told that we live in very materialistic times, that we’re all greedy people. I don’t think we are particularly materialistic. I think we live in a society which has simply pegged certain emotional rewards to the acquisition of material goods. It’s not the material goods we want; it’s the rewards we want. It’s a new way of looking at luxury goods. So, the next time you see somebody driving a Ferrari, don’t think, “This is somebody who’s greedy.” Think, “This is somebody who is incredibly vulnerable and in need of love.”Feel sympathy, rather than contempt.

There are other reasons why it’s perhaps harder now to feel calm than ever before. One of these, and it’s paradoxical, because it’s linked to something that’s rather nice, is the hope we all have for our careers.Never before have expectations been so high about what human beings can achieve with their lifespan.We’re told, from many sources, that anyone can achieve anything. We’ve done away with the caste system, we are now in a system where anyone can rise to any position they please. And it’s a beautiful idea. Along with that is a kind of spirit of equality; we’re all basically equal. There are no strictly defined hierarchies. There is one really big problem with this, and that problem is envy. Envy, it’s a real taboo to mention envy, but if there’s one dominant emotion in modern society, that is envy. And it’s linked to the spirit of equality.

Let me explain. I think it would be very unusual for anyone here, or anyone watching, to be envious of the Queen of England. Even though she is much richer than any of you are, and she’s got a very large house,the reason why we don’t envy her is because she’s different. So we can’t relate to her, and when you can’t relate to somebody, you don’t envy them.

The closer two people are — in age, in background, in the process of identification — the more there’s a danger of envy, which is incidentally why none of you should ever go to a school reunion, because there is no stronger reference point than people one was at school with.

The problem of modern society is it turns the whole world into a school. Everybody’s wearing jeans, everybody’s the same. And yet, they’re not. So there’s a spirit of equality combined with deep inequality, which can make for a very stressful situation.

There is another reason why we might be feeling more anxious — about our careers, about our status in the world today, than ever before. And it’s, again, linked to something nice. And that nice thing is called meritocracy.

Everybody, all politicians on Left and Right, agree that meritocracy is a great thing, and we should all be trying to make our societies really, really meritocratic. In other words — what is a meritocratic society? A meritocratic society is one in which, if you’ve got talent and energy and skill, you will get to the top, nothing should hold you back. It’s a beautiful idea. The problem is, if you really believe in a society where those who merit to get to the top, get to the top, you’ll also, by implication, and in a far more nasty way,believe in a society where those who deserve to get to the bottom also get to the bottom and stay there.In other words, your position in life comes to seem not accidental, but merited and deserved. And that makes failure seem much more crushing.

You know, in the Middle Ages, when you met a very poor person, that person would be described as an “unfortunate” — literally, somebody who had not been blessed by fortune, an unfortunate. Nowadays, particularly in the United States, if you meet someone at the bottom of society,they may unkindly be described as a “loser.” There’s a real difference between an unfortunate and a loser, and that shows 400 years of evolution in society and our belief in who is responsible for our lives.It’s no longer the gods, it’s us. We’re in the driving seat.

That’s exhilarating if you’re doing well, and very crushing if you’re not. It leads, in the worst cases — it leads to increased rates of suicide. There are more suicides in developed, individualistic countries than in any other part of the world. And some of the reason for that is that people take what happens to them extremely personally — they own their success, but they also own their failure.

Is there any relief from some of these pressures that I’ve been outlining? I think there is. I just want to turn to a few of them. Let’s take meritocracy. This idea that everybody deserves to get where they get to, I think it’s a crazy idea, completely crazy. I will support any politician of Left and Right, with any halfway-decent meritocratic idea; I am a meritocratic in that sense.

But I think it’s insane to believe that we will ever make a society that is genuinely meritocratic; it’s an impossible dream.The idea that we will make a society where literally everybody is graded, the good at the top, bad at the bottom, exactly done as it should be, is impossible. There are simply too many random factors:accidents, accidents of birth, accidents of things dropping on people’s heads, illnesses, etc. We will never get to grade them, never get to grade people as they should.

I’m drawn to a lovely quote by St. Augustine in “The City of God,” where he says, “It’s a sin to judge any man by his post.” In modern English that would mean it’s a sin to come to any view of who you should talk to, dependent on their business card. It’s not the post that should count. But something very valuable in that idea, nevertheless.

In other words, hold your horses when you’re coming to judge people. You don’t necessarily know what someone’s true value is. That is an unknown part of them, and we shouldn’t behave as though it is known.

There is another source of solace and comfort for all this. When we think about failing in life, when we think about failure, one of the reasons why we fear failing is not just a loss of income, a loss of status. What we fear is the judgment and ridicule of others. And it exists.

The number one organ of ridicule, nowadays, is the newspaper/internet and social media. If you open the newspaper or internet(social media) any day of the week, it’s full of people who’ve messed up their lives. They’ve slept with the wrong person, taken the wrong substance, passed the wrong piece of legislation — whatever it is, and then are fit for ridicule. In other words, they have failed. And they are described as “losers.”

What I think I’ve been talking about really is success and failure. And one of the interesting things about success is that we think we know what it means. If I said that there’s somebody behind the screen who’s very successful, certain ideas would immediately come to mind. You’d think that person might have made a lot of money, achieved renown in some field. My own theory of success — I’m somebody who’s very interested in success, I really want to be successful, always thinking, how can I be more successful?But as I get older, I’m also very nuanced about what that word “success” might mean.

Here’s an insight that I’ve had about success: You can’t be successful at everything. We hear a lot of talk about work-life balance. Nonsense. You can’t have it all. You can’t. So any vision of success has to admit what it’s losing out on, where the element of loss is. And I think any wise life will accept, as I say, that there is going to be an element where we’re not succeeding.

And the thing about a successful life is that a lot of the time, our ideas of what it would mean to live successfully are not our own. They’re sucked in from other people; chiefly, if you’re a man, your father, and if you’re a woman, your mother. And we also suck in messages from everything from the television, to advertising, to marketing, etc.These are hugely powerful forces that define what we want and how we view ourselves. When we’re told that banking is a very respectable profession, a lot of us want to go into banking. When banking is no longer so respectable, we lose interest in banking. We are highly open to suggestion.

So what I want to argue for is not that we should give up on our ideas of success, but we should make sure that they are our own. We should focus in on our ideas, and make sure that we own them; that we are truly the authors of our own ambitions. Because it’s bad enough not getting what you want, but it’s even worse to have an idea of what it is you want, and find out, at the end of the journey, that it isn’t, in fact, what you wanted all along.

So, I’m going to end it there. But what I really want to stress is: by all means, success, yes. But let’s accept the strangeness of some of our ideas. Let’s probe away at our notions of success. Let’s make sure our ideas of success are truly our own.

Thank you very much.

Capture

 

 

Source: Ted Talks

Everybody is dieting and yet….

Green apple and Weight scale,measure tap with fresh vegetable, clean water and sport equipment for women diet slimming.  Diet and Healthy Concept

       Obesity is a growing epidemic in India due to the increasingly sedentary lifestyle of the average citizen. But while dieting plans promise the moon, they often do more harm than good. From tapeworms to cotton balls, people have tried the most ridiculous of fads over the past century. Anorexia and Bulimia are entering the daily lexicon. The current measures to judge fitness, like the BMI, are not really trustworthy. A fulling life needs a wholesome diet.

What is making India fat?

Obesity has in recent years emerged as a risk factor for a number of diseases ranging from stroke to cancer, driving health experts to caution against its increasing incidence.

The National Family Health Survey (NFHS-4) in 2016 found that the percentage of women and men across India who are overweight or obese almost doubled in a decade: while 12.6% women and 9.3% men were obese as per NFHS 3 in 2006, the numbers increased to 20.6% and 18.9% in NFHS-4.

An inactive lifestyle and unhealthy diet are the main culprits. “White bread, white rice, phulkas…the overall intake of simple carbohydrates is huge. The widespread availability of fast food is also a problem,” says Ambrish Mithal, chairman and head, department of endocrinology and diabetes, at Medanta, the Medicity, Gurugram.

The higher people rise in the social order, the less they work by hand. “Whatever little movement we do is paid activity, like going to the gym or yoga,” says Sapra. Taking a 1-hour exercise class lulls us into thinking we’ve done enough when we actually should be turning our entire day into a mini-workout if we want to maintain a healthy weight.

With childhood obesity on the rise — India has the second highest number of obese children in the world after China, according to a study published in The New England Journal Of Medicine — it has become imperative for people to find a way to control their weight before they hit age 30.

Dr Mithal explains: As the years pass, a person’s metabolism (the process by which the body converts food into energy) slows down and the body collects more fat. For the same level of diet and activity, we tend to put on more weight. This happens everywhere, but Indians experience it more acutely because we don’t maintain a level of physical activity as we get older.”

It’s much easier to tackle a weight problem in the early stages, but people are largely indifferent when they put on an extra kilo. Experts say minor gains are a crucial turning point. “**The idea is to take quick measures to stop the weight gain in its tracks and not wait to cross a limit to take action**,” advises Dr Mithal.

Why dieting doesn’t really work?

Think back to the last time that you went on a diet. Maybe it was several years ago. Maybe it was right before the summer. Maybe you’re thinking of starting a new one on Monday! But whenever the last time was that you tried to lose weight permanently through restricting your calories and upping your fitness routine, ask yourself: Did it work?

Did you lose weight initially, and then fall off the bandwagon and gain it all back again? Did it actually work? Or did it kind of work? Did you lose weight permanently? Was the practice sustainable? Did you feel satisfied and fulfilled? The answers are probably not to your liking.

The fact is, our bodies simply aren’t made to sustain long-term significant weight loss because, more often than not, it’s not in our best interests. Dieting goes against the tendencies and needs that our bodies have developed over centuries of evolution.

Weight loss through dieting is temporary: The vast majority of people who lose weight through dieting end up regaining all the weight — it’s not just you. As many as 60% of those gain back more weight than they lost.

Dieting trains your brain to make food harder to resist: It’s a survival mechanism. We need to eat to live — calories are converted into energy, and we exist off that energy. Without it, our bodies start to shut down. So when food is in short supply, hormones kick in that are designed to make sure you eat. Those hormones also make food taste better. The end result is a double whammy that makes food much harder to ignore. Remember thinking, rather philosophically, during your dieting plan that the most important need in life is to be happy (therefore eat what you want)? Now you know why that thought came.

Dieting causes emotional overeating, leading to dependence on food to manage stress: Because our bodies are complex, delicate miniature ecosystems, disruptions in some hormone create disruptions in others. Eating a low-calorie diet can actually increase the levels of cortisol in our bodies — and that’s the hormone related to stress. This might actually lead us to eat more by setting up a reward system in our brain. This can also lead to eating disorders such as binge eating disorder.

Dieting causes your metabolism to slow down: That means that any calories you do consume are used more efficiently. This makes it not only harder to lose weight, but much easier to gain it back. And it’s gained back primarily as fat — which simply isn’t most folks’ goal with a diet in the first place.

Diets are often missing important nutrients that are essential to health: Miss out on these nutrients too long — including on many popular diet programs that you may think are safe — and you’ll likely find yourself less than healthy. This can also cause weight gain — it may have nothing to do with calories, but everything to do with the body’s attempt to take care of itself by getting the vitamins and minerals that it needs. Sometimes the body controls you, not the other way round.

Instead, we should remember that there’s no simple secret to losing weight. Achieving sustained weight loss and maintenance requires reducing your calorie intake and increasing your activity level – in a sustainable way. Being healthy is a lifestyle, not a goal to be achieved by punishing yourself for a few months.

Here’s a story

Akshita Singal was 18 and weighed just 35 kg when she was brought in for a medical checkup. A team of doctors – a psychiatrist, a gastroenterologist, a nutritionist and her family physician – implored her to bite into a bar of chocolate, a treat she loved as a child. She refused to ingest even a tiny bit of it. Singal was diagnosed with anorexia, coupled with osteoporosis and a severe infection of the oesophagus. It took weeks of psychiatric sessions before she would accept the course of treatment.

Singal is one of the many Indian teenagers who are today pushing themselves to the brink – even risking death – in their obsession for perfectly sculpted bodies. With the concept that “thin is beautiful” being hammered into young minds, eating disorders such as anorexia nervosa and bulimia nervosa – virtually unheard of only a decade or so ago in India – are becoming serious issues of concern.

Anorexia is an aversion to food due to an extreme fear of gaining weight. Bulimia is a food disorder characterized by a cycle of binge-eating in a short duration followed by purging or self-induced vomiting due to guilt.

What’s worrisome is that both these disorders often go unrecognized and, therefore, undiagnosed.

According to the US-based National Eating Disorders Association, anorexia and bulimia, among the worst of mental disorders characterised by an extreme fear of gaining weight, take more lives than any other psychological ailment.

Anorexia affects men, too, though it’s 10 to 15 times more prevalent in young women, says Samir Parikh, director of the department of mental health and behavioural sciences at Fortis Healthcare, Delhi.

While a person might be genetically predisposed to anorexia or bulimia, Parikh says the increasing number of cases speaks of the burden that societal pressures and Western constructs of beauty are putting on youngsters.

Is BMI always correct?

BMI(Body mass index) is supposed to estimate the amount of body fat a person carries based on height and weight, and categorizes people based on what is appropriate for their size. BMI readings under 18.5 mean you are underweight, and could put on a few pounds. If you fall between 18.5 and 24.9, you’re considered normal, while a BMI of 30 or higher qualifies as overweight.

But in recent years, more researchers argue that it’s not the most accurate way to measure body weight. For years, scientists have said that BMI can’t distinguish between fat and muscle, which tends to be heavier and can tip more toned individuals into overweight status, even if their fat levels are low.

BMI cannot take into consideration, for example, where the body holds fat. Belly fat, which is known as visceral fat, is more harmful than fat that simply sitting under the skin. Visceral fat develops deep among muscles and around organs like the liver and by releasing certain hormones and other agents, it disrupts the body’s ability to balance its energy needs. Even relatively thin people can have high levels of visceral fat, which means they might be considered healthy by BMI standards, but internally they may actually be at higher risk of developing health problems related to weigh gain.

So why is BMI still the preferred way to measure weight and evaluate obesity? For one, it’s a relatively easy measurement for doctors to take during an office visit. Taking a person’s height and weight and plugging it into an equation produces a number that informs doctors about whether their patients are at high, low or no risk when it comes to weight-related health problems.

But there may be better ways to measure body fat that provide more useful readings on how likely a person’s weight will contribute to chronic health problems. CT scans and MRIs can provide a clearer glimpse at the body’s make-up by separating out fat from muscle, for example. But these are expensive and involved compared to stepping on a scale.

On a more practical level, some researchers have been pushing for using waist circumference or even wrist circumference to gauge potentially harmful weight gain and fat depots, but the evidence supporting this measurement and its ability to predict future health problems isn’t definitive enough yet.

So without a viable way to change how we measure body fat, for now, BMI is the best option. Perhaps doctors should rely on not just assessing body composition but measuring hormones and bio-markers in the blood or urine, for example, to get a better handle on abnormal processes that may contribute to obesity and chronic disease. And until such tests become available, BMI may still prove useful yet — if doctors combine BMI with a comprehensive evaluation of their patients’ medical history and lifestyle habits to get a meaningful, if not yet perfectly precise picture of their weight-related health.

How can one achieve optimum nutrition?

top-fresh-produce

Eat a variety of foods

Eat a combination of different foods, including staple foods (e.g. cereals such as wheat, barley, rye, maize or rice, or starchy tubers or roots such as potato, yam, taro or cassava), legumes (e.g. lentils, beans), vegetables, fruit and foods from animals sources (e.g. meat, fish, eggs and milk)

Why?

Eating a variety of whole (i.e. unprocessed) and fresh foods every day helps children and adults to obtain the right amounts of essential nutrients. It also helps them to avoid a diet that is high in sugars, fats and salt, which can lead to unhealthy weight gain (i.e. overweight and obesity) and noncommunicable diseases.

Eating a healthy, balanced diet is especially important for young children’s development; it also helps older people to have healthier and more active lives.

Eat plenty of vegetables and fruit

For snacks, choose raw vegetables and fresh fruit, rather than foods that are high in sugars, fats or salt. Avoid overcooking vegetables and fruit as this can lead to loss of important vitamins. When using canned or dried vegetables and fruit, choose varieties without added salt and sugars

Why?

Vegetables and fruit are important sources of vitamins, minerals, dietary fibre, plant protein and antioxidants. People whose diets are rich in vegetables and fruit have a significantly lower risk of obesity, heart disease, stroke, diabetes and certain types of cancer.

Eat moderate amounts of fats and oils

Use unsaturated vegetable oils (e.g. olive, soy, sunflower or corn oil) rather than animals fats or oils high in saturated fats (e.g. butter, ghee, lard, coconut and palm oil). If you eat non-veg, choose white meat (e.g. poultry) and fish, which are generally low in fats, as compared to red meat. Eat only limited amounts of processed meats because these are high in fat and salt.

Where possible, opt for low-fat or reduced-fat versions of milk and dairy products. Avoid processed, baked and fried foods that contain industrially produced trans-fat

Why?

Fats and oils are concentrated sources of energy, and eating too much fat, particularly the wrong kinds of fat, can be harmful to health. For example, people who eat too much saturated fat and trans-fat are at higher risk of heart disease and stroke.

Trans-fat may occur naturally in certain meat and milk products, but the industrially produced trans-fat (e.g. partially hydrogenated oils) present in various processed foods is the main source.

Eat less salt and sugars

When cooking and preparing foods, limit the amount of salt and high-sodium condiments (e.g. soy sauce and fish sauce). Avoid foods (e.g. snacks), that are high in salt and sugars. Limit intake of soft drinks or soda and other drinks that are high in sugars (e.g. fruit juices, cordials and syrups, flavored milks and yogurt drinks). Choose fresh fruits instead of sweet snacks such as cookies, cakes and chocolate

Why?

People whose diets are high in sodium (including salt) have a greater risk of high blood pressure, which can increase their risk of heart disease and stroke.

Similarly, those whose diets are high in sugars have a greater risk of becoming overweight or obese, and an increased risk of tooth decay. People who reduce the amount of sugars in their diet may also reduce their risk of noncommunicable diseases such as heart disease and stroke.

Breastfeed babies and young children

From birth to 6 months of age, feed babies exclusively with breast milk (i.e. give them no other food or drink), and feed them “on demand” (i.e. as often as they want, day and night)

At 6 months of age, introduce a variety of safe and nutritious foods to complement breastfeeding, and continue to breastfeed until babies are 2 years of age or beyond. Do not add salt or sugars to foods for babies and young children.

Why?

On its own, breast milk provides all the nutrients and fluids that babies need for their first 6 months of healthy growth and development. Exclusively breastfed babies have better resistance against common childhood illnesses such as diarrhea, respiratory infections and ear infections.

In later life, those who were breastfed as infants are less likely to become overweight or obese, or to suffer from noncommunicable diseases, such as diabetes, heart diseases and stroke.

Alternate philosophy: Just eat what you like, be happy and live. There is no why.

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LINKS AND SOURCES

https://knappily.com/lifestyle/dieting-fad-612

http://vikaspedia.in/health/nutrition/dietary-guidelines-1/dietary-guideline-1#section-1

https://www.healthline.com/health/balanced-diet#what-to-eat

GST Reckoner

GSTR-3B

Who Needs to File GSTR-3B?

Every person registered under GST needs to file GSTR-3B return. In case you have multiple GSTNs, separate GSTR-3B needs to be filed for every GSTN.

Even if there are no transactions during the month, registered businesses still need to file NIL GSTR-3B.

Following registrants do not have to file GSTR-3B:

  • Input Service Distributors
  • Businesses registered under GST Composition Scheme
  • Suppliers of online information and database access or retrieval services (OIDAR), who have to pay tax themselves.
  • Non-resident taxable person

 Important Points About GSTR-3B

  1. GSTR 3B needs to be separately filed for each GST registration number.
  2. One can access it by going to Services > Returns > Returns Dashboard. After selecting the financial year and tax period, GSTR 3B, (if applicable), in the given period.
  3. It is needed to be filed even if it is a nil return.
  4. Once filed, the form shall be final and there is no provision for revision of the return once filed.
  5. GSTR-3B return cannot be filed without full payment of the tax due.

How To File GST Returns Online?

  1. After login to GSTN portal, select Return Dashboard
  2. Select Financial Year and Month as which is to be filed. Click Search and Select GSTR-3B
  3. Declare your liabilities and ITC claims in Section 3.1 and 4 respectively by clicking on the tiles and furnishing the required information.
  4. Enter details of interest, if payable, in Section 5.1. Late fee will be computed by the system
  5. Click on Save GSTR-3B After you save the data, Submit button will get enabled. Please note that after submit, no modification is possible. Hence ensure that details are filled correctly before clicking on Submit button.
  6. On clicking Submit GSTR-3B button, System will post (debit) the self-assessed liabilities including system generated late fee in Liability Register and credit the claimed ITC into ITC ledger.
  7. After this the Payment of Tax tile will be enabled, please click it and declare your payment details to pay the taxes and offset the liability.
  8. Click CHECK BALANCE button to view the balance available for credit under Integrated TaxCentral TaxState Tax and Cess. (This includes transitional credit also, if TRAN-1 and 2 are submitted). This will enable you to check the balance before making the payment for the respective minor heads. The balance is also displayed when the mouse is hovered on the applicable data entry field in payment section.
  9. Please fill out the section that specifies how you wants to set-off your liabilities using a combination of Cash and ITC.
    1. System checks if you have sufficient Cash/ITC balance.
    2. It also checks if the Reverse charge liabilities are set-off only through CASH.
    3. System also checks if all liabilities are set-off. Part payment is not allowed in GSTR-3B. Hence, ensure sufficient balance in Cash and ITC Ledger to Offset liability
    4. In case of ITC utilisations, the system checks the prioritization rules viz. IGST Credit has to be first utilised for paying IGST liability  and remaining for  CGST liability and thereafter SGST liability; SGST credit  has to be first used for paying SGST liability and then IGST liability; CGST Credit has to be first used for CGST liability and the remaining for IGST Liability; SGST credit cannot be used for paying CGST liability and CGST credit cannot be used for paying SGST liability
    5. Transition ITC, if  available in ITC ledger, can be used for payment of liabilities of GSTR 3B
  10. Click the OFFSET LIABILITY button to pay off the liabilities
  11. Click on declaration statement
  12. Select Authorized Signatory filing the Form
  13. Click on File GSTR-3B button with DSC or EVC
  14. Message for successful filing will appear and Acknowledgement will get generated

 

 

 

Sources  https://www.profitbooks.net/gstr-3b-format/