Sir if a person has multiple businesses and he is making interstate outward supply in one of his business will his composition scheme be abolished for another business too??
You are the kindest teacher I ever met, you explain the concepts for free and very effortlessly. Many students who cant afford a coaching can learn a lot from your lectures. Grateful!
Sir ... Apane kaha ki condition me exempt goods ka supply nai hoga ....Then agar trader ho to exempt good ko add nai karte gst rate nikalte time and manufacturer ho to exempt par bhi gst rate charge hoga ...... But agar according to condition hum exempt goods ka supply hi nai karte to in trader or manufacturer case me composition scheme kaise applicable ho gai ...?????
Sir reg is grant on 5/08/2019, so the effective date of composition scheme bhi 5/08/2019 hi hoga naa, registration applied date likha hai aapne!? ( Ref Time- 1:22:40)
if person started business as on 1/5/2020 and opted for composition scheme. He is mobile phone seller and provide mobile repair service. turnover for 2020-2021 is 60lakhs (50lakhs on sales on mobile phone,5Lakhs on mobile repair services) In this case, preceeding year turnover is 0, Then how to calculate 10% of turnover preceeding year or 5 lakhs ( limit for service providing by trader) Incase how to calculate whether is eligible for composition levy or not.
Sir, under Sec 10 the threshold limits are Rs. 75 lakhs for specified states and Rs. 1.5 crore for other states. In Sec 10(2A), the threshold limit is Rs. 50 lakhs. My question: Is there a different threshold limit for specified states in case of provisions of Sec 10(2A)
Sir..if person has restuarant, his inputs will be vegatables food items nly and labor salary is nt considered in gst...and restaurant food served in mostly for normal public, so normal public cant take credit on restaurant food as credit is blocked on food...in tht restarant has option for composition scheme where he cant claim itc...y will restaurant owner even go for normal scheme as input thts food is exempt and no itc
Sir ekk question tha, joo icai ka aaj(8th Oct,2020) jo notification aaya hai, vooh sirf state Bihar ke liye hai naa!! Baki state ke liye inter group 1 ke exam dates same rahege naa? i.e 2th, 4th, 6th, 8th November 2020
what if, any person suppling goods and services in such manner, supply of service is greater than supply of goods subject to total turnover less than 1.5 CR, then will he be able to get composition scheme ?
bhai ji jaise meine smaan khrida 1000ra ka or mene wo smaan vapish de diya garntty ki vajah ze to mujhe gst cut krke paisa milega ya pura 1000rs milega plz jrur batye input credit mein wo paisa shop tarders ko mil gya hai
@@karangalgotra785 Bhai mene bike ki bettary li thi tonrtrek camnpny ki 1 sal me khrab ho gyi 2 sal ki warnty thi bt dukandar bolta gst katkar paisa milnge pko ab mere ko bolta 250rs gst ke nam cut kr rha hai or battry jis diller ko usne coriur ki speed post ka 60rs wo cahrgr le rha hai mtlb 1000rs ki battry mr se 690rs de rha hai baki 250+60coriur ke kat kr rha hai
If they have choosen composition scheme they will charge GST 5% but can not claim ITC. In case of normal scheme they can charge 18% gst and can claim ITC.
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Sir if a person has multiple businesses and he is making interstate outward supply in one of his business will his composition scheme be abolished for another business too??
sir you are going to be one of the best teacher in tax.
Not going dear he is one of the best and finest teacher of tax
Well He is ☺
You are the kindest teacher I ever met, you explain the concepts for free and very effortlessly. Many students who cant afford a coaching can learn a lot from your lectures. Grateful!
Sir you the best teacher for tax! Thank you sir! And best CA!
Under composition scheme taxes are paid quaterly or whether it is paid annually....?
@@AbhishekSharma-bv6jp quarterly
One of the best faculty I have ever seen.........Revision in depth....mza aagya padh ke 😊 😊 😃 😀 😄 😁
One of the best teacher that I've came across.Thankful! ❤️
Okay! So I loved the way you teach... Till date I had numerous of issues in gasping gst... Thank you this video helped a lot...
Thanks sir for making our concepts clear.... Best faculty going to be famous in students early... 😍😍
Very well explained sir .... Really a teacher like you made the GST subject so interesting for us. Thank you so much sir 🙏🏻
Thanks for making concept very clear and easy ❤️, we all students are So blessed to have teacher like you 😊
So nice of you
Thankyou so much sir. You are an amazing teacher. I follow only your classes, its so clear and simplified.
Thank you very much sir for the clarity love from CMA inter students
You're such gem of a teacher, thank you so much dear sir❤
every concept crystal clear ❤️best teacher for tax✨😉....
hats off sir🍀❤️
Sir ur giving the best classes of free cost so helpful god bless u and u can pay taxes at higher rates🔥
Hello sir aap kafi acche se samjhate ho 🙏🙏
Thankyou very much sir for providing lectures to us free of cost .
Thank you so much sir.I request you to take classes in English so that the benefit of your classes can reach to more number of students .
Bade aasan tarike se padate hai sir aap. Thank u 💕
Thanks u so much sir for your great efforts ❤️❤️❤️❤️❤️❤️❤️ u r the best teacher
Loveeee his efforts and the lectures
Thank you so much sir..The concept is now understood clearly ♥️♥️
Sir you are very good teacher 👏 👍
Such an amazing teacher 💯
I am student of Delhi University my professor is nothing in front of you 🤍 magnificent sir......... 😊
For example next year agar turnover vapas 1.5 crore se kam ho jata hai to vapas composition scheme me aasatke hai?
Sirji very jabardast explanation..👍
Very well explained sir.... Thank you❤❤🙏
Very well explained. All your lectures are very good. Thank you😊
Sir u give good logics and u r wonderful. Love u sir ji
Thankyou so much sir . All concept is clear
Appreciate the way you teach🙌
Sir,will other services when given along with restaurant service, also be taxable @5%?
Next level of explanation 😍😍
Sir ... Apane kaha ki condition me exempt goods ka supply nai hoga ....Then agar trader ho to exempt good ko add nai karte gst rate nikalte time and manufacturer ho to exempt par bhi gst rate charge hoga ......
But agar according to condition hum exempt goods ka supply hi nai karte to in trader or manufacturer case me composition scheme kaise applicable ho gai ...?????
Thank you so much sir for your valuable efforts
Hats of you sir ji❤️
Can a restaurant under Composition Scheme not register itself with Zomato and Swiggy since they are E-Commerce Operators?
Sir construction waalo ka kya...ek baar bataye
Sir reg is grant on 5/08/2019, so the effective date of composition scheme bhi 5/08/2019 hi hoga naa, registration applied date likha hai aapne!? ( Ref Time- 1:22:40)
Same doubt!
31st july ko apllied hai or 5/08/2019 granted hai 1:22:40 pe konsa hai?
Awesome sirr , mind-blowing 🔥😀
if person started business as on 1/5/2020 and opted for composition scheme.
He is mobile phone seller and provide mobile repair service. turnover for 2020-2021 is 60lakhs (50lakhs on sales on mobile phone,5Lakhs on mobile repair services)
In this case, preceeding year turnover is 0,
Then how to calculate 10% of turnover preceeding year or 5 lakhs ( limit for service providing by trader)
Incase how to calculate whether is eligible for composition levy or not.
What an explanation...... awesome sir.....
Awesome explanation sir ji ❤️❤️❤️❤️
Section 10(3,4,5)?
Sir, under Sec 10 the threshold limits are Rs. 75 lakhs for specified states and Rs. 1.5 crore for other states.
In Sec 10(2A), the threshold limit is Rs. 50 lakhs.
My question: Is there a different threshold limit for specified states in case of provisions of Sec 10(2A)
noo
Jhakkas lecture sir🤩🤩🤩🤩
Sir presumptive scheme me tax 1% on taxable t.o pe ya aggregates total t.o pe lagega ?
Sir..if person has restuarant, his inputs will be vegatables food items nly and labor salary is nt considered in gst...and restaurant food served in mostly for normal public, so normal public cant take credit on restaurant food as credit is blocked on food...in tht restarant has option for composition scheme where he cant claim itc...y will restaurant owner even go for normal scheme as input thts food is exempt and no itc
Ek dum mast explanation ✌✌
Sir aao bht acha pdhate ho......
Sir ekk question tha, joo icai ka aaj(8th Oct,2020) jo notification aaya hai, vooh sirf state Bihar ke liye hai naa!! Baki state ke liye inter group 1 ke exam dates same rahege naa? i.e 2th, 4th, 6th, 8th November 2020
It's really awsmm sirrr.. 😇😇😇
Thanku so much
Sir is this vedio applicable for November 22 exam??
Sir agr previous year me inter state supply ki h toh current financial year me scheme opt kr skte h??
Plz hlp
I think yess coz supplier can't do inter state supply only when composition scheme is applicable on him.
Best teacher ever
Sir, will supply of exempt services be included in turnover in state ?
yess outward supply will include exempt supply too.
Love your efforts 🙂
You are amazing sir 😎
1:14:40 explanation
Well understand sir 👍❤️
Sir you are great.....💓
sir a person making inter state outward supply between distinct person will he also be out of the league of composition scheme ???
Thank you sir ...😊😊
Bahut aacha explain
Thank you so much sir 😊
English lectures available for may 21??
Thankyou So Much Sir🙏🏻🙏🏻
Rate 10% hai ya 1 %
Heartiest Thank you sir❤🙏
what if, any person suppling goods and services in such manner, supply of service is greater than supply of goods subject to total turnover less than 1.5 CR, then will he be able to get composition scheme ?
Do u provide cs professional advance tax classes for June 2021
Thank you sir 🙏
applicable for nov 23?
Sir , is it include amendment applicable for nov 20
Yes
@@CAJasmeetSingh thanku sir ☺️
Just so perfect 😍
Yeii full chapter haiii ?
very nice lecture sir
Solid h sir ji
Sir can u please provide kuestion bank for gst it will be very kind of u
Limit for services is 50 lakh ....sir
Maza aagya sir😍😍😘😘😘😘😘
sir , are these lecture relevant for nov.2021
Yes
Sir rate is 5% or 2.5% for restaurant service??
5% overall that includes 2.5% CGST and 2.5% SGST.
Thankyou SIR!!
Thanku soo much sir
Maza aa gaya❤❤❤
bhai ji jaise meine smaan khrida 1000ra ka or mene wo smaan vapish de diya garntty ki vajah ze to mujhe gst cut krke paisa milega ya pura 1000rs milega plz jrur batye
input credit mein wo paisa shop tarders ko mil gya hai
Poore paise hi milenge , shopkeeper choona lgate hai Gst vapis nhi krte mere sath bhi hua tha esa.
@@karangalgotra785 Bhai mene bike ki bettary li thi tonrtrek camnpny ki 1 sal me khrab ho gyi 2 sal ki warnty thi bt dukandar bolta gst katkar paisa milnge pko ab mere ko bolta 250rs gst ke nam cut kr rha hai or battry jis diller ko usne coriur ki speed post ka 60rs wo cahrgr le rha hai mtlb 1000rs ki battry mr se 690rs de rha hai baki 250+60coriur ke kat kr rha hai
Best teacher
❤❤
Love you bhai
Wat abt gta...?
👍
Sir! What if restaurant is collecting GST from Us? Can it do so?
If they have choosen composition scheme they will charge GST 5% but can not claim ITC. In case of normal scheme they can charge 18% gst and can claim ITC.
No they cannot charge Gst , composition scheme lene bad customer se Gst recover nhi kr skte
@@abhisheksharma4340 bro he cant charge gst from fustomer
@@karangalgotra785 i meant to say he will pay to govt. at 5 %
Good work brother 👍
❤️❤️❤️❤️❤️❤️
Fabulous
Sir
👍👍👍 awesome
Attttttttt