What is Goods and Service Tax (GST) / GST Explained in very simple language
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- เผยแพร่เมื่อ 3 ต.ค. 2024
- A complete overview on Goods and Services Tax (GST) of India.
What is GST?? Basic Information GST.
Here we try to explain the Goods and Service Tax Bill which has received a lot of attention in business and political circles lately. . Here’s how GST differs from the current regimes, how it will work, and what will happen if Parliament clears the Bill.
Goods and service tax (GST) will be applicable from 1st July 2017.
GST will be one of the biggest taxation reforms to take place in India once the Bill gets the official green signal. The basic idea is to create a single, cooperative and undivided Indian market to make the economy stronger and powerful. The GST will make a significant breakthrough paving way for an all-inclusive indirect tax reform in the country.
Complete overview of present tax system:
Link : • Indian Tax System : A ...
This is the easiest and best explanation of GST. Thank you so much.
Sir.. Please upload lots of topics and i wont missed any lectures of yours... You're the best i ever see lecturer in anywhere fir this Topics...
Your English are so good and crystal clear as well... Hats off to you..
Thanks a lot for the great compliment. Will be uploading more as time allows. Keep learning and stay connected.
okay! I usually never comment of any video showing my appreciation or hatred but I will on this. Amazing effort and absolutely amazing video explaining everything so simply but so well. Thank you sir.
this is my 12th video on gst and this is the best of all. thank u will be helpful for my exam.
Best GST explaination thank you so much being from engineering background i can throughly understood the concept
if there was a rating for this video i would have given 5/5 five stars.
Criticism of old taxation system is missing and roll back of GST is also missing in your lecture. Overall wonderfully explained.
Perfect presentation.....a complex topic had been handled in such a liberal way so that anybody could easily understand... expecting more ....
i have an economics project on gst...failed to understand gst until i came here...thank you alot sir keep making such videos :)
Thanks a lot Anshika.. Done forget to check out other videos in the channel. Keep leaning and stay connected
The cascading effect part was explained brilliantly. thanks a lot
Thanks a lot Decipher.. Stay connected for more videos on GST, Tax and finance. Keep learning
I was so confused that gst is good or not but when I watched ur video I think it is good for our country I hope it works well thank u for video 😊
I'm glad it helped Megha.. Stay connected for future videos and subscribe to stay updated. Keep learning..
Fantastic, Mr.Gaurav Sir.... Very Good Explanation on GST... Also, I hope you permit me to take this video for my Lecture.. Thanks You !
Thanks a lot.. You can use this video for sharing knowledge to others.
Sure Sir.. Will Help others to find this video ..
Govarthanan GC I have also made a video on GST plz I am new on You Tube I need your support must watch it.. Just click my icon ↖ and there you will be on my channel and plz watch latest video..🙏🙏
Hats off to you Gourav Jashnani sir, u sorted out confused minds of people for GST ......Thank you :) :)
Thanks a lot Arpit for such a nice compliment.. Stay connected for more videos on GST Tax and finance.
ur most welcome :)
Your video was very helpful in understanding the present tax system and how GST will benefit the nation. Please post more such videos on tax system and finance related.
Thanks a lot Santosh will surely upload more such videos. Subscribe to get updated. Keep learnings
Mostt amazing video on gst.. so simple.. thankyou.. i thot gst is rocket science.. u made it so easy😭
Tysm Sir For thiss videoo...ur way of teaching is very good... U really clear my all doubts n query..once again tysm sir..😇
superb explanation!! understood GST better in this 9 min video rather than hours long classes.
Thanks a lot Kavita.. Stay connected for more videos on GST, tax and finance.
You people are good Modi Bhakts... why did you just show the positive aspects, what about the negative ones?? They are necessary for overall evaluation
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CA Gourav Jashnani sir please explain more about IGST .
Mrinal Mukund by not stating negative points doesnt make anyone a bhakt rather a point of view, well by criticising like this makes you a Gandhi chamcha....
go find another video that shows bad effects
people like you actually polarise the public .
You are unable to accept the PM as he is ,living in past that was obscured and full of corruption
keep living your dreams of such times,you cant do a shit thing to change that anyway.
Absolutely true when he tells positive impact we have the right to know the negative impacts too
If it is good why he will Say abt Negative Khangressi lawde
Thank you sir for the explanation.... I was worried about my project and with this video now I'm a bit relaxed!
Brother, Thanks for your beautiful lovely wonderful presentation about information GST. God bless you.
I'm glad it helped Roshan.. Stay connected for more videos on GST, tax and finance. Thank you
I watched around 7 videos on the topic. This is the best!
Thank you Hector.. Stay connected for more videos on GST, tax and finance.
You're most welcome, Sir. I have already subscribed to your channel, and will eagerly await your videos.
Why GST is not applicable on Alcohole, Toabacco Items, Petrolium Products ????
Gud question Kevin.. GST must be applicable on these products also. But some states were not agree because they earn huge tax from these products and they do not want to loose these revenue. May be these products will be included in GST.
Kevin Jariwala thanx man i was also wondering d same qustn.
There should be 200% increase in tax on Alcohol, Tobacco and tobacco products except petroleum products.
chakchake naani ha yar sahi bola , alcohol tobacco ko itna mehenga kar dena chahiye ki admi ka pina mushkil ho jaye..
they will be added but I think after 2019 election.
Right now state govt are enjoying huge margin and most of the license holders are our pyaare netas, GST may bring these champions(netas) in light and they may hv to go transperant but income of state govt. is still the biggest stone for gst on daaru shaaru.
Respected Sir, Impressed with your explanation. I had expected the same but confused by the news heard from many social media and you have cleared my doubts.
Thank You.
Gourav, amazing presentation. Appreciate your effort and time you put on this work. Keep it up. Thank you!
Thanks a lot Pradeep.. Compliment like this do the Justice with my efforts. Plz subscribe for more videos on GST, Tax and finance. Keep learning..
thank you sir...clear explanation rather than listening to lecturer
dear sir thanks for your explanation can if it is possible for you to clearly explain each product wise what would be the tax
Thanks a lot.. Stay connected to learn more about finance and taxes
simple and powerful .......Got some idea from this video .Thank you sir
Thanks a lot Vijay.. Keep learning and Sharing. Stay connected.
*this is most nice n most easy explaination..* 💗💗💗
Thanks a lot Madhuri.. Stay connected for more videos on GST, Tax and finance. Keep learning
great effort sir. Truely commendable. there are several wasteful vedios here on youtube misguiding people. I hope people watch this and get the true knowledge about GST.
Thanks for information about GST
Thanks a lot.. Stay connected for more videos.
Step by step explanation very easy to understand. Thank You sir
What are the disadvantages of GST? Does it affect the living standard of common mediocre people?
Thanks for watching Sourav... Kindly subscribe for more videos on GST, Tax and finance.
only disadvantage is your working capital is stuck, else no disadvantage.
What couldn't be understood by so many FAQ's and videos,is explained by you in such a lucid manner...video is meant to be in my Download items..Thanks a lot...Can I get the link of TAXES???
Thanks a lot Chinmay for the great compliment. It really mean a lot. Keep learning and Keep sharing.. Stay connected.
how to calculate gst for each product in what persentage to calculate
All product have different percentage 0,1,5,18,28
thanks for this best example vedio for your provided.i easly upserved to what is gst.keep it up,all the very best.
disadvantages and inconvenience caused by the introduction of GST
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I want to know whether full amount of GST will go to central govt. at first instance and then the state has to claim from them later or state share will be collected at the recovery stage
It was very nice presentation, I should have understand major points in short time, because we would haven't more patience in watching video for an hour, once again thanks for your explanation.
Thanks a lot.. Kindly subscribe for more videos on GST, Tax and finance.
bjp opposed GST for 16 years....
now claimed they created GST....
GST idea atal bihari ka tha 2003 me official kam start ho gy tha . BJP opposed kiy tha because centre collection tha . now it's 50-50 he .
this would have been a real informative video for me. Unfortunately, I didn't understand a single thing you were saying. Would be kind enough the next time to enable the caption please. I was able to grasp some through the visuals but was about it. Thank you
What if we have to pay SGST on CGST? Then the cascading effect will still be the same. Isn't it?
No Suman GST is payable on value addition only and input tax credit (ITC) is available in every subsequent stage. So there is no question of cascading effect.
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Sir should i be liable to pay if my PG owner asking 18% GST... My PG owner an illiterate guy -suddenly one day he's asking to pay 18% extra cause of GST -i explained him tht previously it was 15 nw gone upto 18%(3%),.. Is GST applicable for PG/Mansions also..
Bikramjit Das haha that is the biggest challenge government has.. All small businesses people like small shops or vegetable vendors in the name of GST have increased price... These people don't give any receipt... There is no guarantee too that these people pay taxes to government... In those cases how is the government going to tackle??
Your video is awesome.You have explained GST so nicely that everyone can understand it.This information help me in interview.Thankyou so much
+Ujjwal you are welcome Ujjwal... Stay connected
r u trying to say GST is good may be I'm not sure but it's Percentage is too high if add ED and Cst or Vat I'll get less than the GST.
Sir, I feel you have missed IGST (Integrated Goods And Services Tax).
sir what is igst?
It is Integrated Goods and service tax which will be imposed on interstate supply of goods and services. It is not a separate tax but it is a method of collecting tax.
interstate or integral gst which will be use when goods will be transported from one state to another,& in that case Sgst will not be included only igst needs to be paid :)
Archita Sarangi obviously it is different now IGST credit can be taken against payment of IGST CGST AND SGST previously only VAT ITC could have been taken
# Satya I have also made a video on GST plz I am new on You Tube I need your support must watch it.. Just click my icon ↖ and there you will be on my channel and plz watch latest video..🙏🙏
# Satya international gst
Thank you very much sir...lt is very helpful information. ur explanation and screenplay is excellent.
Thanks a lot.. Keep learning and Sharing. Stay connected.
whoo black money owners dislikes your video
I guess you are right :-)
Constitutional amendments gurunchi video prepare chesi pettandi plz..........
strange, the GST will not applicable for electric bill payment. no worries, thank you so much for the cool video. 😊😊😍😍 learned something new about GST by this video..👏👏👏
thanks sir for explaining GST in such a good way within ten mnts u explained every term related to GST ...plz upload more such videos as it is very helpfull for student of commerce stream,and obviously for others also
Thanks a lot Pretty Girl.. Kindly subscribe for more videos on GST, tax, and finance. Keep learning...
CA Gourav Jashnani. sure sir..
U define very well, i watch the video first time and i gain the knowledge about gst thanku sir
Indeed the best way GST could have been explained!
Very much informative and well directed video provides detail about GST briefly but in simple manner.
Thank you very much.
i want you to make a video on how GST will effect businessman..if possible try to make it..this video was good for short concept..thank you
sir very useful video to know about all taxes not only GST keep continue yr videos hats off sir
Thank you sir .. there is no words for your explanations of GST.
Thanks a lot Bhagwat Mukund for such a nice compliment.. Kindly subscribe for more videos on GST, Tax and finance.
Can u say some details about tally as well as gst.... The language u explain is very clear and easy to understand....
thanks a lot mate......you made it really easy for us to understand.....
You are welcome dear.. Plz subscribe for more videos on GST, Tax and finance. Keep learning..
Thanks Gourav, it simplified the GST subject for me immensely. I wanted to ask you , if i were to start a purely service based business eg : Travel Services majorly dealing with issuing Flight tickets or Train Tickets (eg : Return flight from Bangalore to Singapore).
1. How would GST impact this business ?
2. Also is GST eligibility based on annual business turnover or is it applicable to any business regardless of turnover ?
super sir it's explained in every simple language .... after viewing this video I completely understood . if u give permission i publish this video in my channel with my local language. (voice over) .
Thanks a lot.. You can use my video for spreading awareness. Stay connected
This is a really good video but as a student i have a lot of doubts .
According to my opinion the govt should apply GST with heavy tax on liquors and tobacco , so that people restrain themselves from buying those products.
Ur explanation is o7m I like u teaching style. My doubts has been cleared now. Thanq u.
hello sir. thanks for the video. i have some quires about GST.. 1st - how gst will be charged.? 2nd what is IGST? 3rd if you can give an idea about the invoice format in GST. than it will be so helpful to me. thnks
thanku sir .. this s exactly what i was searching for.. you covered it within 10min..
Very helpful and simplified for Non Finance background
Thanks a lot Sandeep.. Stay connected for more videos on GST, Tax and finance. Keep learning
I really appreciate ur work.... But if it would have been in a little bit more detail I think it would have been just perfect...
It's a very good video I completely understood what gst is
Thanks a lot Manish.. I'm glad it helped. Plz subscribe for more videos on GST, Tax and finance. Keep learning..
Super awesome. ...everything explained in a chronological order. .ty sir
Very nicely explained.
Very precise and to the point. Thanks for the video
You are welcome Satyam.. Stay connected for more videos on GST, Tax and finance. Keep learning
Very Informative Video and a very simple explanation. This will help out a lot of people.
Thankyou so much sir.. you taught very excellently... i have learned many things from your videos...
Thank you,
Sir your video has helped me a lot to complete my project on GST
Thank you sir you have cleared all my doubts on the concept of GST
good explanation anyone can understand easily without any basic knowledge on taxation.
Thanks a lot Pridhvi.. Stay connected for more videos on GST, tax and finance.
We know there have been several changes in the GST after coming into play. This video shows us the possible impact.
Will you be able to make the recent state of the tax as we near the end of 2018. The real impact it made.
Would like to know it in a common man's term. Hope you can make one. Thanks
Tanq sir .This is the easy method of Gst I easily understand ur lecture is avaesume
beautifully explained sir,was searching only this kind of simple explanation..
Thanks a lot Jai.. Stay connected for more videos on GST Tax and finance.
Very clear explanation. Thank you so much
Thanks a lot Vishnu Prasad.. Stay connected for future videos.
very simple and clear bro.
cleared my doubts.
The best GST explanation I have seen so far. Well done Sir🖒
one thing I didn't understand is how people don't mention some transactions to avoid tax. If you could give an example to show ppl do it and how exactly GST will stop it will be extremely helpful.
Hello Ashish.. Some people don't show all the sales in their accounting records. This way they manage to understate their incomes.
CA Gourav Jashnani Yes yes I got. I took example of everyday shops and how they could hide their transactions to avoid tax. Thank you :)
Sir ..what is disadvantages of GST ..you didn't tell in this vdo. .but vdo is so awesome ..
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working capital gets stuck
This video very useful to know about GST for common people
Thank you sir, you have explained the concept very nicely. The back ground picture made me to understand the concept very easily. keep posting videos like this. which would be useful for a common man like me.
What a video man. Can't beleive you summed it up so well
thank u sir ....got a clear perspective on gst....would help in my exam prep
Thanks for valuable guidance
Thanks for the video, simplified the topic...!!!
Thanks. I appreciate your effort in making this video. It is easy to understand various tax structure and GST.
I'm glad it helped.. Stay connected for more videos on GST, tax and finance.
Thanks. , gaurav. Sir and. Stay. Making. Such. A. Understandable. Videos. May. God. Bless. You
Good explanation Mr. Gaurav. I came across one of your videos only today and within an hour, I have seen about 5 videos on various subjects. I must appreciate on your selection of subjects, your precise presentation style, your visuals and content. You are doing a great job. Please keep it up and educate the general public. I would like to watch a video on whether Govt is doing something to avoid black money generated by Doctors (private practioners) who charge up to Rs600 per visit and don't give any formal receipt. I am sure some of these popular Doctors are earning lacs of rupees every day and not declaring their true income. Is the Govt. not concerned about this ?
+Krishna Kulkarni thanks Krishna Ji for your kind words. There is lot of things needs to be done to curb black money. GST will bring some change and rest is wait and watch situation.
Stay connected
Very easy to understand and really good video presentation. Thanks for all your effort in putting together this video presentation.
Thanks a lot Prashant for such a nice compliment. It really means a lot to me. Stay connected for future GST videos.
can i please have a video on the disadvantages of gst and its effect on the farmers as essential items are not being taxed and how is going to affect the demand and supply of these essential items.. thank u
You are welcome Simran.. Kindly subscribe for more videos on GST, Tax and finance.
thank u so much.. will surely subscribe but please try to include the pointers i have asked for
Thank you jashnani ji
sir plz.explain how tax system (indirect tax ) works before and after GST in any goods and services by simple example.
how gst on goods and services calculated comparing to older tax schemes? how gst removes cascading effect? and please explain different types of gst and it's applicability
short length video which covered all the informations I want,tq ...
thank you so much for making gst understand so simply
I could get a clear picture of gst from your video but is this system really helpful for the state government because even though the state gets its share from gst it loses its power on taxation it can no longer increase or decrease for specific sector if it wanted to do so please explain this in one of your videos. Because each state has their own major sector and how gst affects this individuality of each state.
thanks for giving us such valuable information,ur tone is clear,audible
Excellent explanation on GST in simple terms !! thanks
Excellent !!! Very nice way of demonstration
Thanks a lot Rajkumar.. Stay connected for more videos on GST, tax and finance.