Explained: How GST Works? | Goods and Services Tax India
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- เผยแพร่เมื่อ 22 ส.ค. 2024
- The Goods and Services Tax (GST), the biggest reform in India’s indirect tax structure since the economy began to be opened up 25 years ago, at last looks set to become reality. The Constitution (122nd) Amendment Bill comes up in Rajya Sabha, on the back of a broad political consensus and boosted by the ‘good wishes’ of the Congress, which holds the crucial cards on its passage. Here’s how GST differs from the current regimes, how it will work, and what will happen if Parliament clears the Bill.
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isn't the goverment now getting less tax?!
So why would the government want to bring a bill that gets them less money?!
Through Gst the government is increasing the tax base in the country.
Earlier few people paid high taxes but with gst large number of people will pay lower taxes.
The deal is many retailers are still not under preview. 2 nd tier cities it is hardly done. My experience we bought ceramics worth 16 K shop owner said without bill he is ready to reduce the price. With gst he will charge MRP. Just like any other law compliance is the problem.
GST is like simple interest and non gst regime is like compound interest,,, we can take
Well, you can know the correct detial about GST here :
www.myloancare.in/gst/
kllllllppppp000
How come the final price be 166?? While at the end the seller is adding 10 Rs margin and Plus 1 rupee effective tax. -- So the price should be 161..
whoever was editing the video should have taken a deep breath after changing every slide... had to pause the video too much!
The GST concept has been explained in a very lucid way with a practical example. Great work!!!
But if tax is going down by that much, how will states and the central government make enough money?Punjab state government will lose loads surely
I am amazed, that an amendment bill can take 10 years to pass( considering it was announced on 2006-07 ) .
Now that it will be followed soon, we can expect some quality shopping @ less price.
Can you say this again now😂😂
@@senthilkumaran5317 are bhai 😂😂.
Best explanation given by a channel so far...
impressive presentation
4 years ago ..I used to have chaat which was 35 rupees..one week after gst came into effect it's price was 40 .. they said it's because of gst..price increases with GST.
yup
Hi, wont the government income reduce??
The final price should be Rs176 and and not Rs166.
In both non-gst & gst regimes, why would manufacture pay the tax? The tax which he is supposed to pay (the tax on raw material) has been included in the Rs. 100. Then for what is he paying the tax? And does he pay the tax to wholesaler or directly to the govt? PLZ SOMEONE EXPLAIN😭
In simple words GST is sum of tax on value addition at each stage
Thanks well explained
Then ,how it will work for installments and other schemes? Does we have to pay taxes everytime for monthly schemes?
I think the final price after GST is 176
how can you say that this will decrease its price
why is a product being taxed again and again...??? i don't get it...
If i was the PM i would have launched FREE INTERNATIONAL TRADE that means Tax Free INDIA except few usable products like GAS & PETROL . Rest all free of taxes
Very little to marginal taxes on luxury products on Automobiles and on Liquor,
Medium to high taxes on Tobacco and nicotine ,
The business people of India are hardworking and Smart we need Free Trade for 5 Years to come at par or even overtake china.
Agar kisi raw material(cement) par gst 28% hai aur finished product (cement bricks) par 5% GST hai to is condition (input tax credit) mein kya hoga?
Beautiful explanation.. easy.. Thanks :)
best video so far
Why is the offset not added in the GST scenario eg. at 2:10 producer had to pay Rs.3 on 130 so why was that Rs.3 not added to 130 ?
It's added at last, the whole tax have to pay by the customers. (3+2+1)
Did the price of any item in the supermarket decrease overnight due to implementation of GST? I don't think so. If anything, consumers are not paying upto 18% tax on most purchases whereas earlier they were only paying VAT or Service Tax.
How 166rs it should be 176rs please do correction, thats making more confusing at the end
very well explained
Nice Explained
In second stage when 10% tax is added than the value of tax is 13 Rs which is being offset by tax on raw material that is Rs10 only...so i think we should add 3 Rs in next level....
It is added in the final price at last. See in brackett (3+2+1)
A simpler video/explanation would have been helpful.Further slides moving too fast
nice video
Thanks a mil!
फर्म लाईसेंस के बाद काम कैसे मिलेगा
RICH WILL BE RICHER POORER WILL BE POORER
i think aam admi is not
gonna get something through this, corporate sector will benefitted, because assembly is saying that for next three years will be inflation and the other countries where this gst is implemented having no such no of job creation or gdp growth rate
Aachedin aaga
price decreased my ass
😶😶
hi890
MS RUANDA