India

Payment Of Education Cess From Credit Of Basic Excise Duty

Education blogger

Sometime Credit in the account of one or more heads of Excise duty i.e Cenvat, Education Cess & SHE Cess has been piled up due to various reasons. Now the question is whether payment of one head can be done from the Cenvat credit lying unutilized in Account of other head.

The answer of the above question is given in Rule 3 of Cenvat Credit Rule 2004. As per Proviso to Rule 3(7) (b) of Cenvat Credit Rule 2004 which are produced below there is a restriction regarding use of Cenvat Credit of Education Cess & Secondary Education Cess for payment of only Education Cess & Secondary Education Cess but there is no vice versa restriction which means that Cenvat Credit of Education Cess & Secodary Education Cess can be used for payment of Education Cess & Secondary Education Cess only, no cross adjustment is possible in this case.

Proviso to Rule 3(7) (b) of Cenvat Credit Rule 2004

Cenvat credit built up out of education cess can be utilized only for payment of education cess on excise duty and service tax. It can not be utilized for the payment of excise duty, service tax and secondary higher education cess.

Cenvat credit built up out of secondary higher education cess can be utilized only for payment of secondary Education cess on excise duty and service tax. It can not be utilized for the payment of excise duty, service tax and education cess.

As far as utilisation of Cenvat Credit of Basic Excise Duty is concerned there is no such clause which restricts the assessee from using the Cenvat Credit of Basic Excise Duty for payment of Education Cess & Secondary Education Cess. So if there is no restriction then Cenvat credit of Basic Excise Duty can be used for payment of Education Cess & Secondary Education Cess. In addition to this the same issue has been already decided in case of 2009 (233) ELT 0221 (Tri. – Ahmd.) Commissioner of Central Excise, Vapi Versus Donear Inds. Ltd. by holding that credit of Basic Excise duty can be utilized for payment of any duty of excise.

About Central Excise:-
Central Excise is a Governmental body which is run by the Central Board of Excise and Customs. Central Government under the authority of Entry 84 of the Union List (List 1) under Seventh Schedule read with Articles 268 to 281 of the Constitution of India.
Central excise duty is the tax levied by central government on goods manufactured in India & custom duty is levied on goods imported from other countries.

Pros And Cons Of Overseas Education

Education blogger

Today, studying abroad for various study program have become a trend among Indian students and. every year thousands of Indian students apply in various Universities abroad. Universities in US and UK receive high numbers of Indian applicants for their various regular and vocational courses. Overseas education is indeed a big breakthrough in someones career and promises him/her many wonderful career opportunities ahead. Today, overseas education is not limited among the people of higher status and elite class but many middle class families across India and other countries of the world are also sending their children for overseas education for a bright future and well paid job.

There are various advantages of studying abroad; the first one is concerned with academics. You would find wide spectrum of courses in a foreign university with excellent education system and infrastructure. They use modern technique of teaching applications with highly qualified and proficient faculty.

The safe and sound environment of the university makes you very feel comfortable to get adjusted in a foreign land. You also get incredible chance to meet students of different nationalities and religions. It gives you plenty of exposure and knowledge about various cultures and creed. The exposure you receive from studying abroad would be very helpful in your career building and life. Pursuing education from a prestigious foreign university opens the doors of countless job opportunities for you. You are being offered a high paid job, respectable position and many other perks

Studying in foreign land also makes you proficient in the language of the country. For instance, if you are seeking overseas education from UK, US or New-Zealand where official language is English, you would be able to learn the language and gradually become a Master in English. Studying abroad also gives you wonderful opportunities to travel to other neighboring countries which would give you plenty of exposure and knowledge. You have a global network of social contacts by studying abroad.

Overseas education also gives you opportunity to work at your spare time thus, you get work experience as well and for some companies work experience is also an important requirement before recruiting the candidate. Studying abroad helps students to become more mature, confident and resilient and all such qualities are counted at their workplace.

However, everything has a flipside as well and overseas education also comes with certain demerits. Though overseas education promises you great future and rewarding jobs but it is very expensive for a middle class family to send their children for a higher education in US, UK etc. Most of these families take loans or other financial aids to sponsor the education.

For Bright Future Contact Overseas Education Consultants

Education blogger

Education is very vital for an individuals achievement in life. Education provides understanding skill, teaching skills which prepare us mentally, physically and socially for the world of work in future life. Education provides us the foundation of society which brings financial growth, wealth, social growth, and political stability. Higher education helps in keeping a strong humanity which prepares health care experts, knowledgeable health care customers and maintaining healthy populace. Education is the major feature of every society for its development from every angle.

Considering the immense growth education field many people are becoming education consultant. What do these Education consultants or School Consultant does? They work directly with parents and learners/students help them to choose the best option possible for their childs personal, mental, and future educational success. These educational consultant or school consultants provides you the knowledge of different options of education, schools and various opportunities to you, which will help you to decide which program or school you can choose for your childs better growth. In order to make successful appointment, they always interview the candidate and team up with other people who are very knowledgeable i.e. complete family, guide, teachers, analyst and few other professionals.

Theses Education consultants will keep you updated of constant changes in the fields of education. In order to make a successful placement they have to spend some time with family and students to make them understand the process best fit appointment options. They also arrange and provide some testing and evaluation when required. They will coordinate with other professionals and required services and evaluation. School consultant helps parents and students in finding the best environment which can enrich students life. After providing all the information and evaluation they will follow up with students and schools and programs according to per parents request.

Good education consultants in India are available in every state and even in small cities. These consultants help families in relocating for finding best schools for their children. Similarly now a day Education consultancy services in Mumbai are available easily on single click or a single phone call. These consultants will help you to get all the information available related to education in Mumbai and abroad. Good Education consultants in India provide you the valuable information about various premium institutes. This information is concisely filtered before presenting the same in front of the parents or students.

Overseas education consultants help the parents to choose the best university available in foreign countries and where they can send their children for higher level education. Overseas education consultants will guide you in selecting the top university in abroad for your children their certification process, bank loan if required, security and to find suitable accommodation for your children when they first time arrive in any overseas country. They provide the quality guidance to all the students who are intend to learn abroad. These overseas education consultants have a team worldwide which travels extensively almost in all the countries. The team monitors and keeps a track over more than 3000 public schools, day & night schools, boarding schools, expertise programs, and colleges. Education consultancy services in Mumbai provide prompt services. You just give your detail address, telephone number and email and they will give you tailor made education consultant for your specific requirements.

Indian Education System From The Ancient Time By Now

Education blogger

Education is what survives, when what has been learnt has been forgotten.

The education system in India is considered to be one of the largest and most ancient ones in the world .The history of the education system in India dates back to the first centuries, when the young children were taught in the Gurukuls and Guru-Shishya system was the most common means of education After that famous universities like Nalanda, Takshashila, Ujjain and Vikramshila came into existence and enhance the scope of students. In modern times, the education system in India is divided into different stages or levels which are been provided in numerous schools, colleges, universities and other institutions.
Indian schooling takes basically fourteen years from childs lifetime, starting with the nursery classes where a child learns the basic alphabets of English and other tools of the basic subjects. The idea is to develop the capability of recognizing and understanding the things around the kids. As the student gets promoted to the higher classes, he comes to know about the various aspects of our society. All this time, its not just the books that are included in the course curriculum to develop in him the skills of being a hard working child that believes to go deep in to the concept rather than becoming just a regurgitate, sports and other cultural activities are also added up in the day routine so that the refreshment along with the development of new skills may be developed in the child. Here I must not forget to add a new plan of CBSE for the class IX onwards students which is called CCE, Continuous and Comprehensive Evaluation, in which the student will be evaluated regularly and diagnosed frequently not only on the basis of his performance in academics but his interest in extracurricular activities and complete behavior towards the environment.
India’s higher education system is the third largest in the world, after China and the United States. The main governing body at the tertiary level enforces its standards, advises the government, and helps coordinate between the centre and the state. Some institutions of India, such as the Indian Institutes of Technology (IITs), have been globally acclaimed for their standard of education. The IITs enroll about 8000 students annually and the alumni have contributed to both the growth of the private sector and the public sectors of India.

With its plurality and paradoxes, India never ceases to fascinate. And education in India is only on among various other elements that have captured the attention of the world. While the United Nations is worried about the presence of a large number of illiterates, various other countries are amazed by the quality of some of the human resources that the Indian education system has produced. From an integrated and synergic viewpoint educational system constitutes the foundation of the legal, administrative, civic and developmental domains of unfolding India of tomorrow.

K-12 Education In India

Education blogger

K-12 education refers to the primary and secondary education that a student obtains during his schooling. K-12 education is an abbreviated term used for education from kindergarten to twelfth. The term K-12 education per se is relatively new to India and is generally more commonly used in western countries like United States of America, Canada etc and in parts of Australia. With technology transcending borders, the term K-12 education is fast gaining popularity in other parts of the world as well, with minor/ no modifications. In some countries the term has been replaced with PK-12 or P-12 that means prekindergarten to twelfth or preschool to twelfth. Whatever nomenclature any country adopts, the concept of K-12 education primarily revolves around the education imparted in the school.

K-12 education scenario in India

The constitution of India guarantees a free and compulsory education to all till the age of 14 years. Imparting quality K-12 education to the largest possible student population across the country has always been a top of mind issue for the government. A step forward in this direction has been the amendment of the Right to Education act that make this right stricter than before. Under the Right to Education act, 2009 private schools shall admit at least 25% students from poor families and no seats under this quota shall be left vacant. Through this amendment, government has attempted to ensure that the ideal of free and compulsory education is achieved in the true sense.

Online content provider for K-12 students

Students studying in schools can enrich their studies with the help of curriculum aligned videos and animations made available on he internet by a lot of websites. These videos and animations not only add the much required zing to the monotonous study regime followed by students, but also help them learn beyond what is taught in the books. These videos and animations are supported with quality study material and a variety of tests that help make learning thorough and effective.

The study material available at such websites is in easy-to -read language that makes understanding of concepts easy and quick. After going through the study material, students can also try their hands at curriculum-based interactive puzzles. These interactive puzzles not only raise the involvement of students in their learning process but also help assess their understanding of concepts in the chapter/subject. After going through the chapter, students can check their knowledge levels by practicing from chapter-wise and full-course model tests. This will help students get a clear picture of their weak and strong areas and will allow them to channelize their efforts in topics that require more attention. Once through with preparing for exams, students can also refer to end-of-chapter revision notes for those quick revision sessions before exams.

Conclusion

Studying in the right manner and using the correct tools to prepare for exams determines the extent to which students can achieve success during the K-12 years. It is also advisable for students to have a concrete understanding of core concepts so as to be sure of a high scoring academic ride.