What bearing would GST have on startups?

The biggest tax reform in independent India is on way to implementation with a four-slab structure proposed by the government. The Goods and Services Tax or GST is essentially a single tax on the supply of goods and services, all the way from manufacturers to consumers. The final consumer will be charged GST by the last dealer in the supply chain. GST is a consumption tax, and will be applicable at the stage where a product is consumed rather than at various stages of production.

How will GST impact startups?

• Ease of doing business:

The main criterion for establishing ease of doing business in a country is the number of steps involved in setting up a business. Startups often end up spending most of their time in registering their company; getting service tax registrations, VAT registration in all states they will function out of among the various other procedures.

VAT registration from the sales tax department is mandatory to start a new business. Any business that operates in multiple states needs to comply with different procedures and fees structures. With GST being implemented, startups will need a single license. A centralised registration will also make the expansion process simpler.

GST will be a game-changer for startups. Entrepreneurs will need to get just one license before starting operations.

• Higher exemptions to new businesses:

Going by the existing structure in India, any company with revenue of over Rs 5 lakh needs to pay VAT. Once GST is implemented, the exemption will be pushed up to Rs 10 lakh. Any business that has a turnover between Rs 10 to 50 lakh will have lower tax slabs. More tax savings would simply mean more expansion.

“Big startups will not benefit from this exemption directly. …But smaller startups will definitely gain from GST. The bigger companies can in turn work with the smaller companies to benefit indirectly,” says Harish H V, Partner at Grant Thornton, a US-based accounting network.

• Taxation made simpler:

India’s complicated tax structure is not unheard of. Startups are often seen grappling with elaborate procedures and paper work. With GST, all the taxes will be integrated, easing out the process of taxation. With a better and simpler taxation system in place, India might just be able to retain its ‘startup hub’ tag as per NASSCOM’s Product Council report published in October.

“Once GST is in place, the economy will grow, which means more capital and more growth. Startups will need to operate efficiently to benefit from GST. Of course a simpler taxation system helps them grow better,” said Harish.

• Reduction in logistics cost:

Inter-state transportation of goods often takes more time than usual due to border tax and various check posts. GST will eliminate these taxes and make the process more cost-effective and faster. As per a CRISIL analysis, GST will reduce logistics costs of companies producing non-bulk goods (comprising all goods besides the primary bulk commodities transported by railways – coal, iron ore, cement, steel, food grains, fertilisers) by as much as 20%.

“Companies such as Flipkart, Amazon all are big on logistics. They will benefit a great deal. Cab aggregators like Ola and Uber will also leverage from GST,” said Harish.

But all good things come to an end. With startups benefitting from GST, there are also downsides of the tax regime.

Startups in the manufacturing sector will bear the brunt. Going by the existing laws, a manufacturing business that has a turnover less than Rs 1.50 crore is exempted from paying duty. However, with the implementation of GST, the turnover limit will be pulled down to Rs 25 lakh and making it tough for many startups.

E-commerce companies will have to file quarterly and monthly returns and pay tax on sales on their portals once GST comes into force.

Despite the few drawbacks, GST remains to be the friendliest tax reform in India. With GST, will come transparency, efficiency and more growth.

Source : - http://mbp-bearings.com/

Types and uses of Bearings:Mbp Bearings.com

A bearing is a machine element that constrains relative motion to only the desired motion, and reduces friction between moving parts. The design of the bearing may, for example, provide for free linear movement of the moving part or for free rotation around a fixed axis; or, it may prevent a motion by controlling the vectors of normal forces that bear on the moving parts. Most bearings facilitate the desired motion by minimizing friction. Bearings are classified broadly according to the type of operation, the motions allowed, or to the directions of the loads (forces) applied to the parts.The simplest form of bearing, the plain bearing, consists of a shaft rotating in a hole. Lubrication is often used to reduce friction. In the ball bearing and roller bearing, to prevent sliding friction, rolling elements such as rollers or balls with a circular cross-section are located between the races or journals of the bearing assembly. A wide variety of bearing designs exists to allow the demands of the application to be correctly met for maximum efficiency, reliability, durability and performance.The term "bearing" is derived from the verb "to bear" a bearing being a machine element that allows one part to bear another.The most sophisticated bearings for the most demanding applications are very precise devices; their manufacture requires some of the highest standards of current technology.

There are Some common types of bearing, each of which operates on different principles:-

• Plain bearing: Consisting of a shaft rotating in a hole. 
• Ball bearing: In which the rolling elements are spherical balls.
• Roller bearing: In which the rolling elements are cylindrical rollers.
• Magnetic bearing: In which the load is supported by a magnetic field.

Plain bearing:

A plain bearing is the simplest type of bearing, comprising just a bearing surface and no rolling elements. Therefore, the journal slides over the bearing surface. The simplest example of a plain bearing is a shaft rotating in a hole.Plain bearings, in general, are the least expensive type of bearing. They are also compact and lightweight, and they have a high load-carrying capacity.


Ball bearing:

A ball bearing is a type of rolling-element bearing that uses balls to maintain the separation between the bearing races.The purpose of a ball bearing is to reduce rotational friction and support radial and axial loads. It achieves this by using at least two races to contain the balls and transmit the loads through the balls.Ball bearings tend to have lower load capacity for their size than other kinds of rolling-element bearings due to the smaller contact area between the balls and races. However, they can tolerate some misalignment of the inner and outer races.


Roller bearing:

A rolling-element bearing, also known as a rolling bearing,is a bearing which carries a load by placing rolling elements between two bearing rings called races. The relative motion of the races causes the rolling elements to roll with very little rolling resistance and with little sliding.
A rolling element rotary bearing uses a shaft in a much larger hole, and cylinders called "rollers" tightly fill the space between the shaft and hole.Rolling-element bearings have the advantage of a good tradeoff between cost, size, weight, carrying capacity, durability, accuracy, friction, and so on.

Magnetic bearing:

A magnetic bearing is a bearing that supports a load using magnetic levitation. Magnetic bearings support moving parts without physical contact. For instance, they are able to levitate a rotating shaft and permit relative motion with very low friction and no mechanical wear. Magnetic bearings support the highest speeds of all kinds of bearing and have no maximum relative speed.Magnetic bearings are used in several industrial applications such as electrical power generation, petroleum refinement, machine tool operation and natural gas handling.


Maintenance and lubrication


Many bearings require periodic maintenance to prevent premature failure, but many others require little maintenance. Nonsealed bearings often have a grease fitting, for periodic lubrication with a grease gun, or an oil cup for periodic filling with oil.Many bearings in high-cycle industrial operations need periodic lubrication and cleaning, and many require occasional adjustment, such as pre-load adjustment, to minimise the effects of wear.Bearing life is often much better when the bearing is kept clean and well lubricated. a good maintenance program might lubricate the bearings frequently but not include any disassembly for cleaning.


Company Name: MBP BEARINGS PVT. LTD.
Address: 902/290, SHALIMAR INDUSTRIAL AREA, NEAR LANE NO. 3,
MAIN ROAD, Delhi - 110088, India
Contact No:9350186486
Website: http://www.mbp-bearings.com

indian roller bearings suppliers

Deep Grove Ball Bearing

Product Specification

A ball bearing is a type of rolling-element bearing that uses balls to maintain the separation between the bearing races.
The purpose of a ball bearing is to reduce rotational friction and support radial and axial loads. It achieves this by using at least two races to contain the balls and transmit the loads through the balls. In most applications, one race is stationary and the other is attached to the rotating assembly (e.g., a hub or shaft). As one of the bearing races rotates it causes the balls to rotate as well. Because the balls are rolling they have a much lower coefficient of friction than if two flat surfaces were sliding against each other.
Ball bearings tend to have lower load capacity for their size than other kinds of rolling-element bearings due to the smaller contact area between the balls and races. However, they can tolerate some misalignment of the inner and outer races.
MBP use improved ball quality to so to provide noise free bearings and smooth running 
MBP ball bearings have an optimized surface finish on all the contact surfaces to provide the sufficient  lubrications this allows the bearings to run cooler and last longer