Most comprehensive explaination of composition scheme I have ever come across...all long pending doubts cleared..most importantly why businesses do not opt for composition scheme... thanks a lot Sir
For services ,threshold limit is 50 lakh in composition scheme.it is ok.but I want to ask that Is there also limit for any special states for services ,like goods limit 1.5 cr & 75 lakh.? Please tell me
The facility to opt-in composition levy (Form GST CMP-02) for financial year 2021-22 is disabled for now ... Likha hua aa raha hain, aab iska kya process hoga ?
Composition dealer not eligible to collect tax, to ek composition dealer kya bill banaya ga? Specially vehicle ke through saman veg ne ta time kya karega?
Humari electricals ki shop h..... Hum usme trading bhi kar rhy h ..... Aur motor winding ka bhi kam h so hum composition schem kr skty h kya ....... Agar kr skty h toh tax rate kya hoga?
Hi, Very nicely explained. Can u please clarify as to if a Post office agent earning commission on providing post office schemes etc. can opt for composition scheme?
Bhaiya yeh jo precondition hai like ... No inter state supply of good ya supply of service other than restrau service..toh yeh criteria prev yr ke liae check krna hai jab mera turnover is less than 1.5cr hai?? Or i can be engaged inter state outward supply of good for prev yr but current mein cuz i want to opt compo so im not making any inter state outward supply of gooods...toh aesa chalega?
Mera composition hai..aur main other state se medicine leta hun..way mujhse 5,12,18 type ke tax lete hain...kya mujhe dena hi padega?? Next question is...kya mujhe quaterly gst return file karna zaruri hai??
Sir mujey new business start karna h electrical field m mean shop suru karni h tou mujey electrical company ki dealership leni h but investment meri 7 to 8 lakh tou mujey company waley Bolrey h g.s.t number lena pdega tou ap btaye ki agar g.s.t number lu tou kon sa lu sir or mey g.s.t leta hu tou tou mujey return bharni pdegi ya ni chae composition scheme ho...
What happens to the tax if a regular dealer(taxable) buys from composition dealer? Since composition dealer does not collect tax and therefore regular dealer won't get itc, so does this sale is tax-free?
Hello big bro , it's really nice , kal mera bcom final year ka xam h , apne choti si vedio me puri composition scheme smjha diya , majaa aa gya bro , it's really good 🎉❤
Sir ek query hai pls ye bataye ki jo purchase rahegi wo registrated portion se ho ya unregistered se pls..agar unregistered se ho to kya RCM dena padega 🙏
Could you please tell me if composition dealer is purchased goods from unregistered dealer... composition dealer will be liable to pay gst under reverse charge
Agr humare pass compo nmbr pehle ho jo ki local sell krte rehe but ab isi nmbr se ecom pr kr rhe hai to future mae prblm ho skta hai kya? Ya running hi rkhe? Coz hum jo product sale kr rhe hai usko purchase krne pr hume GST bill ni milta local handmade items hai- thats y so can we continue??
@@capankajwadhwani-simplifyi9798 sir cement ki dealership lerhe hai is case me, business form properitorship hoga na? Nd composition scheme leskte hai? Or agr leksye hai to kya ye beneficial hai???
sir mi manufactruning krna chta hoon sirf local area me product sell krna hai no export sirf delhi se raw matrial mangwana hai turnover bi 4,to 6 lk .suggeted me sir kon se line hai normal or copmositions
Wow. What an explanation! I am a CA final student and I m impressed that you covered 100% composition scheme in really simple language. ❤😇🙏
which attempt I'm also ca final student
I m an accountant
@@rayyangadera5529 i am also a junior accountant can you help me if i need some information? 🙂🙂please
@@remixrecords1734 sure
Hi
I have never heard such calm , peaceful explanation of such a hectic topic 😮💨
Nice sir Composition scheme fully revised ho gaye 👍
Aap CA H
@@imroseahmed252 CA kar rhi hu
Wow Bhaiya. 100% composition scheme covered in 10 minutes. 👏👏🔥🔥
Thanks :)
Most comprehensive explaination of composition scheme I have ever come across...all long pending doubts cleared..most importantly why businesses do not opt for composition scheme... thanks a lot Sir
Thanks sir
Really in 15 mnts all composition scheme covered. 👍👍👍👍👍👍🙏🙏🙏
What is procedure to convert regular scheme to composition scheme?
💯🙌I saved this video a month ago while studying and I have my exam tomorrow and this is the best concise revision of a topic
Good Luck for your exams dear! 💫✌😊
Very good explanation meri company ke liye me composition scheme lene ka soch rahi thi but bahut sare aap ne jo point bataye thx
Sir
Confectionery store ki turnover 30lakh h
Iske saath restaurant service limit kya rahegi
Sir Your way of Explanation is great ❤️❤️❤️❤️ 🙏🙏🙏
I don't think anyone can explain better than him...
What a superb xplanation..!!❤️
Such an amazing wayvto explain the whole concepts
Superb explanation, I think you can provide online classes with such quality explanation 👍👌👌
Thank you so much! 😇🤩
Seriously! 😊😊
Is self invoicing same if Registered person buys goods from URP under composition scheme.. Or will RP issue BILL OF SUPPLY
Wow sir, it's extreme level explanation Thanku so much 🥰
Agar tobacco products ki dealer. / trading ya supply karni ho to kya tab composition schem. Le sakte hain kya?
Sir c.a ya accountant ne kitne gst amount jama Kiya hey kaise check kare is per koe video banye.
आपकी बनाई क्लिप सबसे अच्छी लगी, क्या कंपोजिशन स्कीम मे एग्जमपट सप्लाई मे निल रेटिड सप्लाई शामिल है
Thank you. Jee haan Exempt me Nil Rated bhi shamil hota hai
Excellent explanation
Best explanation ever you did a justice with the explanation of this topic god job
For services ,threshold limit is 50 lakh in composition scheme.it is ok.but I want to ask that
Is there also limit for any special states for services ,like goods limit 1.5 cr & 75 lakh.?
Please tell me
Very nice beautiful explanation...wonderfully covered points in a systematic manner ...thnks a lot sir ....doubts cleared ...alright thnku ❤️👍👍👍.....
Kya composition scheme me purchase dikhana compulsory hai pls reply sir
THANKSSS A LOTTTTT.....THIS IS SO CLEAR NOWWWWWW.THANKYOIUUUUUUU!!!!!!!!!1
The facility to opt-in composition levy (Form GST CMP-02) for financial year 2021-22 is disabled for now ... Likha hua aa raha hain, aab iska kya process hoga ?
Best video
I really get understand
Thanks you 😊
Thanks for appreciation. Means a lot! ❤️
Sir GEM website mai bid/tendering submit kr sakte hai.. composition scheme manufacture..
Threshold limit of service providers and other than services???
Your voice is awesome and teaching technique.
Very much useful bro...Tqqqqewww 🥰
Sir gujrat se gujrat me gst Dena hoga treaders &manufactrar ko sir jawab Dena sir
I run a training center. I am a service provider. Normal gst charges 18. Can I apply in this scheme?
Sir jaise koi chiz pe gst 0 percent hai toh uska bhi composition gst fill Krna parega
Sir
Manufacturer
Total turnover 40lakh
Composition me kitna tax Dena hoga
Aur kya iske alwa yearly income par bhi tax Dena hoga
Jiski turnover 10-12 lakh annual hai..kya usko gst number lena compulsory hai ???
Sir GST composition wale apna bill format kaisa banwayen
Composition dealer not eligible to collect tax, to ek composition dealer kya bill banaya ga? Specially vehicle ke through saman veg ne ta time kya karega?
Bahut hi achhe se btaya aapne Sir
Bina pursase k sell kr sakate h.. composition gst me
100% issue clear . Thanks for your support
Humari electricals ki shop h..... Hum usme trading bhi kar rhy h ..... Aur motor winding ka bhi kam h so hum composition schem kr skty h kya ....... Agar kr skty h toh tax rate kya hoga?
Very good Bhaiya....nice explanation
Thanks dear 😊
Kamal hy sir.greatest clarity
Amnesty Scheme 2021 applicable for composition delear?
Sir cloth shop wale composition GST scheme ka benifits le sakte h
Special categories state or union territory state me kya different he?
Google kijiye
Great explained about Composition. Thank you.
Hi, a quick question " If I have a Homestay where I provide restaurant services as well as lodging can I opt for Composition Scheme"?
Yes u can
Thanks for explaining of Composition scheme
Composition schem m gst purchasing jaruri hai kya?
Hi,
Very nicely explained. Can u please clarify as to if a Post office agent earning commission on providing post office schemes etc. can opt for composition scheme?
Bhaiya yeh jo precondition hai like ...
No inter state supply of good ya supply of service other than restrau service..toh yeh criteria prev yr ke liae check krna hai jab mera turnover is less than 1.5cr hai?? Or i can be engaged inter state outward supply of good for prev yr but current mein cuz i want to opt compo so im not making any inter state outward supply of gooods...toh aesa chalega?
Composition scheme mein caution money bhara jata hai ya nhi. Please confirm
Unregister dealer se purchase karsakte hain kya ? In composition cheme
Agr registered seller ka 20/40lakh se km turnover h toh kya woh tax collect kr skta h?
Thankyou teacher
Very Excellent Info Sir....Thank You
Sirji composition pe urd pur kar ne per rcm ka tax u/s9(4)me rcm ka tax lag ta he
Sir Agr hum composition scheme main hai , to Kya hmme purchase par tax pay krna pdega ?
What happens to closing stock if we switch from regular to composition do we have to pay only 1% on total sales
KIYA BUILDING MATERIAL KA BUISNESS COMPOSISSION ME KAR SAKTE HAI
Mera composition hai..aur main other state se medicine leta hun..way mujhse 5,12,18 type ke tax lete hain...kya mujhe dena hi padega??
Next question is...kya mujhe quaterly gst return file karna zaruri hai??
I am Water Bottles Manufacturer New Business start Up which Scheme I take Regular or Composition kindly suggest me
Engineer hu per acha lgaa information.
Emarkerting me same state me supply kr sakte hai Kya
Amazingly explained! 🙏👍
Thanks :)
Sir mujey new business start karna h electrical field m mean shop suru karni h tou mujey electrical company ki dealership leni h but investment meri 7 to 8 lakh tou mujey company waley Bolrey h g.s.t number lena pdega tou ap btaye ki agar g.s.t number lu tou kon sa lu sir or mey g.s.t leta hu tou tou mujey return bharni pdegi ya ni chae composition scheme ho...
OPTICAL shop ke liye kar sakte hai
Fantastic teaching or explanation brother !!!!!
What happens to the tax if a regular dealer(taxable) buys from composition dealer?
Since composition dealer does not collect tax and therefore regular dealer won't get itc, so does this sale is tax-free?
Gold pr composition mil skti h kya
Sir agr hum composition number se sale kr rhe hai ecom pr then kya problems ho skti hai ? Aur kitna chance hai issue hone ka?
Hello big bro , it's really nice , kal mera bcom final year ka xam h , apne choti si vedio me puri composition scheme smjha diya , majaa aa gya bro , it's really good 🎉❤
Thanks and All the best dear 😇🙏
Sir, composition scheme me kitna turnover hone par annual return karna padhta hay?
Thank you so much , it was nicely explained by you 🙏
If turnover is 1.5 cr then manufacturers have to pay gst of 15k only not as per the rate of gst in slabs for goods??
Sir 10(2a) me 50 lakh limit hai and 10(2a) ke Andar Kon Kon si service hoti hai plz bataye
amazzing explaination ...👍🏻
Sir im a small shopkeeper of electrical goods.. which kind of gst no. I apply?
Very nice vedio I hv never seen on TH-cam. Detail & clear explanation 👌
Thanks a lot 😊
Sir ek query hai pls ye bataye ki jo purchase rahegi wo registrated portion se ho ya unregistered se pls..agar unregistered se ho to kya RCM dena padega 🙏
Bahot badhiya se bataya apne
Thanks bhai
Bohot mast video, and hugely informative 👍
u nailed it ..
Thanks 🙏😊
Could you please tell me if composition dealer is purchased goods from unregistered dealer... composition dealer will be liable to pay gst under reverse charge
sir i had opened newly medical shop can i opt for composition scheme
Very good explanation.... Thank you so much ❤️
Sir me online businesse flipkart Amazon p mere liye kon sa GST numb sahi rhe ga ..and mera year ka kinta khach aaye ga. ... please btye
Sir, agar aap Flipkart, Amazon jaise platforms se maal bechte hai then aap Composition Scheme nhi le skte. Aapko Normal Registration lena padega
Agr humare pass compo nmbr pehle ho jo ki local sell krte rehe but ab isi nmbr se ecom pr kr rhe hai to future mae prblm ho skta hai kya? Ya running hi rkhe? Coz hum jo product sale kr rhe hai usko purchase krne pr hume GST bill ni milta local handmade items hai- thats y so can we continue??
Jo firm phale gst me regular thi unko composition me jana ho to unko available stock ka gst paid Krna pdega kya?
Yes
Sir yadi koi service or trade dono hai to uski limit
Imports are covered under the GST?
Great video. Thanks ❤️❤️
😊
Such a simple explanation!!✨
GSTR 4 Annual return 2019-20 not filed what to do?
File immediately with respective late fees.
@@capankajwadhwani-simplifyi9798 sir cement ki dealership lerhe hai is case me, business form properitorship hoga na? Nd composition scheme leskte hai?
Or agr leksye hai to kya ye beneficial hai???
Sir phela yeh btao composition dealer ka pss gst no hota hai plz reply me
Yes. He will get GST number from department.
sir mi manufactruning krna chta hoon sirf local area me product sell krna hai no export sirf delhi se raw matrial mangwana hai turnover bi 4,to 6 lk .suggeted me sir kon se line hai normal or copmositions