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@jackofalltrades13

Жыл бұрын

14:28 That's deceptive!! Please reconsider, 1️⃣You can indisputably check whether ur supplier paid the GST or not,just login GSTN account >Return > Return period of ur invoice that u want u check > GSTR 2A return That's it ,u can check the return filed by ur vendor. Incase to avail ITC check through GSTR 2B , u can avail all the credits of supplies that vendor has filed! 2️⃣U can also rectify the return that has been filed for the month during such omission or off beam particulars are perceived by admitting pertinent particulars in Amendment Tables contained in GSTR 1 before the due date for furnishing of return for the month of September or 2nd quarter as the case may be!

@sajan.bh3

Жыл бұрын

Hi, How do we connect with you ? Sent a connect on Linkedin.

@ashu939

Жыл бұрын

Why did you make a video like this? In the context of the old tax regime vs the new clearly, GST is far better. Clearly moving forward is more important, Improvements continue to happen. I am really disappointed at videos like this, really no credit is given where GST is better than the old regime in all areas of the economy as a whole.

@pranayroyal8337

Жыл бұрын

Hi I think now a days we are not getting as many as Business case studies of India Business. Those contents made your channel standing out of all other contents in KZread. Please make some time to work on Business case studies of India Business. Try to make videos of those on regular time intervals.

@learnerboy2247

Жыл бұрын

I think you should take 100 rs and 18% rate example, i got it but it will be easier for other viewers to understand the concept

I sincerely appreciate the fact that you uploaded the whole video again, just because of 1 calculation mistake. This tells your commitment to spread no fake thing in the society, unlike some who at first do not acknowledge the mistakes, even if they do, they don't change them. Hats off

@omkarupadhyay406

Жыл бұрын

Bro some 3-4 months back a fool made a *shorts* video on INDIA VS PAKISTAN ARMY and when people corrected him by saying that both the videos are from India (that video was supposed to show Paki Army personnel's epic stunt fails) but even though he was wrong that stupid didn't took down the video just because that video had million(s) of likes and views

@mrnobody9762

Жыл бұрын

@@omkarupadhyay406 he is a German shepherd?

For those who are wondering why they posted the same video again is because there was a calculation mistake in the first video so they repost the video as corrected calculation video.

@sameershah141

Жыл бұрын

Thanks

@modiji268

Жыл бұрын

Somewhat I am also thinking

@abhiram_ashok

Жыл бұрын

i thought i was getting deja vu

@Head.Hunter69

Жыл бұрын

@@abhiram_ashok mee tooo

@saki369420

Жыл бұрын

Couldn't they just update that in description of that video? Just thinking

As a Chartered Accountant catering to businesses across various industries, I can say that this is really good content on GST for a layman. As far as GST is concerned, it is no where close to the vision and benefits with which it was implemented. It is so many complications, which a common businessman is bound to not understand or follow, knowingly or unknowingly.

@DM-zb8hw

Жыл бұрын

I am also a CA. The complications in indian tax system is only because of jugadu nature of indians. Every time we find a way to evade taxes, each time govt has to make language tougher or introduce new sections. We are directly or indirectly responsible.

@harshkhakhi2163

Жыл бұрын

@@DM-zb8hw Partly agree with you. I am from Gujarat, and from the conversation with my Clients, what I have understood is that businessmen are not wary for paying taxes, but the rates are too high and the system and compliances are too complicated. And Officers misuse their power to a great extent.

@harshkhakhi2163

Жыл бұрын

@Syedbakeruddin Bekar Everyone have their own views and learn to respect them. Every businessman must have some basic knowledge of taxation. But, in my opinion GST law is complex enough to not to be understood easily in day to day compliances by an ordinary businessman. As far as my CA membership or either I am dumb or fake, I need not prove to you. Peace.

@dattrajsinhpiludaria6161

Жыл бұрын

Well that's true. Efficiency of GST may be low, but personally I think it was a necessary and correct decision

@surajitdas7695

Жыл бұрын

@@dattrajsinhpiludaria6161 yes and it's still changing and is not at a very mature stage yet I'd say. It has definitely impacted how businesses function though, the complications are also a result of the continuous effort to evade tax by taxpayers, else honest taxpayers are finding it quite transparent and easy to comply with.

Hey everyone. As promised here is the corrected GST video with proper calculations of the old Tax system. Sorry for the error :)

@ajaybasha

Жыл бұрын

Hey Ganesh, You have to correct 2 more words too ,presently you can check the Gst payments made by the supplier or not,in Gst portal with help of FORMS GSTR-2A and GSTR-2B AND the other mistake is as you said we cannot revise the return but can make Amendment in the following month Filings so its not a big deal..... or u can adjust it while filing Annual return by Reconciliation.

@amanguptalko

Жыл бұрын

Pin this comment

@aumvajaria4608

Жыл бұрын

Now i got why i am seeing this again.. I thought i am experiencing dejavu 😅

@berzerius

Жыл бұрын

Please pin the comment

Excellent content. Lot of work needed to improve GST. GST is excellent concept no doubt.

@khadirm1525

Жыл бұрын

But middle class, small buisness is slowly already in debit and there margin almost dead ...

@antarakmit4114

Жыл бұрын

@@khadirm1525 tu sirf apna madrsa sambhal, baki kaam mere Brahmin aur baniya Bhai log dekhlenge.. GST is Best., In any regard.

@spambotjk7048

Жыл бұрын

@@antarakmit4114 Bro, he is not criticising as a fool, he is giving constructive criticism so that the current government can do even better than what it has done, it is ultimately good for our nation (btw I am not a Congress supporter, its sucks due to corruption and vote bank politics).

@ankushmukherjee3219

Жыл бұрын

@@antarakmit4114 Dude even I support BJP due to brave approach on political economy abd reforms, but when people say there is a issue atleast listen to them and their view first. We should continously strive to be better, and no govt is perfect because we ourselves can never be perfect.

@rizz_rz5420

Жыл бұрын

India Will Go Down 😏😏😕

1. you can amend the invoice details & revise taxes. 2. you can check whether your supplier has paid taxes before you avail ITC by searching your suppliers GSTN in GST portal and then clicking on show filing table option. there you can see whether GSTR-3B has been filed (payment of taxes)

@sunilgavade6580

Жыл бұрын

kzread.info/dash/bejne/hWZ4kpOrgLfXYbQ.html

@anant5065

Жыл бұрын

Lekin Uss table mein GSTR 3b toh pichle tax periods ka dikhege naa. Eg.: 20' Sep mein yeh kaise dekhe ki supplier Aug ka output tax pay kiya ya nhi? Kya pta voh bhi aug ki filing ke liye last date ka wait kr rha ho

@Kr-shnA

Жыл бұрын

@@anant5065 who kyu chahiye, aap GSTR-1 dekhke agar file hua hai to, apka GSTR-2B mein Invoice reflect hua hoga, toh input claim kar sakthe hein

We have a small business where we procure goods from different states, so we can't opt for composite gst, our monthly income varies from 10k-20k per month so maintaining a regular GST has become a headache. Also a lawyer maintains our filings so our profit has gone down drastically. GST is hurting small businesses.

@ravindrakunwar4847

Жыл бұрын

Being a CA student, I know there are many msme facing same problem. The only way is either you learn through youtube videos, or hire a CA drop out guy as a accountant or you find some CA student, they will get it done for less amount .

@nir7629

Жыл бұрын

@@ravindrakunwar4847 our lawyer does it at the lowest price possible and I tried self filling but as we can't afford a billing software, calculating taxes gets really messy and top of that many times there occurs some unexplainable fines which is really hard to settle for me.

@N7_YES

Жыл бұрын

To bada bussiness kro..

@RAY-Money

Жыл бұрын

@@shashanknayakk 💩💩💩😂

@RAY-Money

Жыл бұрын

@@shashanknayakk no GST don't meant no filings

Weren't we already covered this topic before?? Or am i time travelling !!😂😂

@tushargagerna

Жыл бұрын

Aree haan, I was also thinking the same thing 😅

@un-solved276

Жыл бұрын

yea same thing i just commented

@saki369420

Жыл бұрын

Deja vu

@sauravsudhir2097

Жыл бұрын

Same sir even i m thinking

@Joysonhd

Жыл бұрын

They mentioned as corrected video. They might have made some mistake earlier

I am a CA Final student and this video was very well explained! A few clarifications for audiences regarding loss to manufacturing states: GST compensation cess is charged on products like Tobacco, cigarettes, etc by which the government compensates to the loss making states by taking the VAT revenue of all the states for FY 16-17 (having incremental factor @14% p.a) as the base and comparing it with the annual GST revenue for a period of 5 years.

With so many youtubers and content creators talking without verifying their claims, here is this guy who is updating a second video on the same concept because he had given some wrong calculations in his content. Shout out to this guy. Applaud👏👏

Really appreciate videos like these that provides good clarity for non financial people to understand how system works. For example in Malaysia, when GST was introduced, it created so much havoc to businesses and consumer due to lack of knowledge and explanation from the government it led to massive dissatisfaction among the people.

@nexuscross3233

Жыл бұрын

Did it benefit the country?

@NaveenKumarDevaraja

Жыл бұрын

They went back to SST, no more GST in MY.

This guy teach economics better than my school teacher 👏 🙏🙏🙏

@streamingtv7200

Жыл бұрын

You are probably in a bad school

@soumyanilroy8402

Жыл бұрын

@@streamingtv7200 Any teacher cannot explain any topic as nice as this guy is doing with diagrammatic representation On a motion Yes smart classes can do But most teachers only focus on syllabus Their are pros and cons in every aspect So yeah u can say that

@manh9105

Жыл бұрын

Dont internalise it. He is off the mark on most the things!

@amrahs6999

Жыл бұрын

@@manh9105 For example?

@MrBizaaro

Жыл бұрын

In which high school are they teaching economics to school children?

I guess these lessons were taught in the other episodes also, I suggest and request to make more sessions on the manufacturing business, defence, growing renewable energy and other finance explanation

@Deepender8

Жыл бұрын

There were some calculation errors in the previous video & this is the correct version.

During VAT introduction in 2005, manufacturing state face the same problem. After 3 years problem got solved by the same way of GST compensation method. In VAT method manufacturing states charged maximum 2% tax on goods produced on their state. It takes some time to get better result. Most importantly some service sector making fake GST bill. For example service sector like booking room in offline charges 12% GST. Consumer don't know whether owners paying GST to government or not. Because booking room is business to consumer with no intermediate. So there is no chance for claiming input tax credit🙏🏻

@sakshamkumar321

Жыл бұрын

Or kitna time lagega 100 saal

@RaviKiran-wl9tt

Жыл бұрын

@@sakshamkumar321 As RAGA said, Gst is a good idea but implemented in a bad way.. A simple taxation system turned into complex one with so many tax rates and tax returns..

@SauravSingh-oi6gd

Жыл бұрын

Bhai GST ko 5 sal ka uper hoo gaya no improvement still

@danishqureshi9350

Жыл бұрын

@@SauravSingh-oi6gd government ko criticism pasand hi nahi hai waha bolte hai we are perfect we can't make mistakes toh fir problem solve kaise hongi

@parikshitsharda4377

Жыл бұрын

@@SauravSingh-oi6gd Tumhare ko kya problem hai ismein, ye batao na. Opposition states GST council meeting mein andar kuch aur bolti hain, bahar aa kar political statements deti hain. It is better than multiple taxes and less tax than earlier. If you make one tax band, then also opposition will say tax laga diya, tax laga diya whereas they themselves want higher tax band.

To a noob like me who know barely about economics and polity, this video is very meticulously curated. Thankyou for all the info🌻

Why the government does not improve the negative points?? If it removes these weakness then it will be a very good policy.

Correcting your point on real time check on Supplier's tax payment: We can check if our supplier has paid our GST or not through GSTR-2A/2B in GST portal

Another problem which needs to be resolved is the issue of inverted GST on certain export industry... Thank you for making yet again fantastic video🌹🙏

I wish ministry of finance can read all these comments along with this video so that they can know honest problems and honest benefits . Thank you for making this video, again i would say, you are GEM !!!!!

@counterpoint9260

5 ай бұрын

ministry of finance is good only for makin and selling pickes

BTW - great presentation skills. Really loved the slides. You are a master story teller - sir.

Like how GST is revising, this video also gets to revise 😉

Very informative & in depth research can be seen on GST. A big thumbs up!! 👍💯

All you said are right bro but the problem is that the cost of basic necessity goods are still increasing even if gst has been working for 5 years

We pay 18% GST for health insurance. This is seriously crazy.

@sanketnegi1

Жыл бұрын

After paying highest income tax rate..and various other indirect tax.. Forget getting insurance from gov we have to pay heavy taxes on that.. Middle class is not taken care of since we are a small portion of the population.. And we do not have time to fight for it..

@evilentity302

Жыл бұрын

@@sanketnegi1 paying GST, income tax , house tax , water tax , and taxes on petroleum we don't even get a drivable roads. Our finance capital Mumbai become Atlantis in every monsoon

@sanketnegi1

Жыл бұрын

@@evilentity302 Haha.. I was born and raised in Mumbai.. Until I was 20 I never wanted to leave Mumbai.. But Now I am desperate to leave it after 10 years.. The population.. the roads and other Infra. Nothing goes our way.. No wonder people are leaving India for other countries.. Obviously we are blessed to not have conditions like several other nations.. But at the end we are humans and we always need better.. And there are places where we can have better life styles for the same amount we pay..

@harryp3804

Жыл бұрын

​@@sanketnegi1 better? 100x better mate I get 2 hour traffic in Mumbai to drive 10kms after paying 30% tax ffs, dirty sainiks making metro since 10 years ...fking cancer

@Z71990

Жыл бұрын

@@evilentity302 the maha government is corrupt as hell

Really a very valuable presentation. Nice job!👌

Always feels like I should start the video with a bunch of Pen notebook and a marker. Great work guys

I agree on the last comment, yes taxation some industries are crazy, that needs to revised and corrective steps to be taken ..

Always learn something from ur video... love the content and your communication skill 🙂🙂

IMP of Video 1:00, 1st July 2017 GST interduce 2:59, Cascading Effect of the Tax explanation 4:49, Benefit of GST 1. Don't pay Tax on the Tax 2. Cost of product down 3. Input Tax help business to paid low tax 4. Free movement of goods for inter-State trade 5. Curbing of Black Income Generations 6:55, Truck spend 16% of the Time at Check-Post of documentation when passing Inter-State 9:15, Tax authorities have detected GST evasion of 40000cr in over a year because of fake invoices 10:08 Disadvantage 1. Tax increases of Some Industry like Gaming Industry 2. Problem with Consumer State and Manufacture state 3. Problem with Penalty Payment 4. No system of revise your filing

@dudamneerajdattu1459

Жыл бұрын

@Syedbakeruddin Bekar i am optimistic to the current govt, but still i have a doubt that, according to start of video they said GST can bring reduction of cost for customer.....but today we are paying more and more for any product interms of taxes.....how is it beneficial to people, please tell me.....is it really bring good results for future or is just collecting extra money from common peoepl, because when ever the month ends, we middle class suffer a lot, becuase we need to buy things like pulses, oils, etc..for the month,,,,for every item there is hell amount of GST, we reduced our consumption to reduce our bill but still we are facing around 4000 for a month in which almost more than 1000 is going for gst, for middle class this 1000 is more becuase we can buy some medicines with that 1000/- and also the petrol is the serious issue

@dudamneerajdattu1459

Жыл бұрын

@Syedbakeruddin Bekar tobacco and expensive things, is this an answer, the answer which you wrote above is ok, but what's this tobacco and all, are you mad? If you want i can send our monthly bill to your email, we buy oil, pulses, jaggery, suger, etc.....only eatables and we used to buy paneer but because of high prices we are not buying it😢 , you statement really hurted me😢, we are decreasing our purchases due to prices, we used to buy badam 500g but because of high prices we are opting it out, and saving that Money for college travelling, you really misunderstood my concern we are lower middle class people, even when the gas cylinder is about to end, we get fear because it is costing around 1000/- , May be you can afford that tobacco and expensive things, we can't 😢 really we can't even imagine of buying them because of high prices we are opting out some items like badam, dry Fruits, etc... How can we think about those expensive things 😢 the only problem for me in this govt is this the increase in cost of living for middle class people, remaining all I support this govt. Please note it..... The basic problem is with the petrol and diesel they are increasing the final cost of the product more and more and adding tax on it is costing still more, that's what I mean😢

Ganesh sir , I want you to make a video on “ government elections “ ie how election takes place ?, how a representative stood up for the election ?,”gathbandhan”, different designations and all other related terms nd functions , and also the term widely used in indian movies “corporator”(in hathyar movie) , Thank you

In July 2017, Gst was levied on Ocean freight @5% and on Air freight @18%. We don't know what's d logic of different rates. Deptt withdrew it on 26th December, 2017, which is again levied from 1st October, 2022. Another issue now is it should be treated as IGST, which is basically applicable on interstate customer

I reckon GST is enabling the transition of businesses from unorganised sector to organised sector. This will help in two ways; improve tax collection (which is going up month on month) thereby giving revenue for the govt to spend on priority sectors and welfare schemes and second in reducing black money. I believe GST is definitely a game changer for India and it’s benefits will become visible in the coming years.

GST has both upside and DOWNSIDE. The biggest is 28% tax bracket. Also for many cases in manufacturing the output gst is higher than input gst hence extra tax has to be paid. There're also cases where we can't claim gst input as well.

@Rogue-Bull

Жыл бұрын

28% is on sin goods only. if you don't pay taxes from your own pocket , how will government actually collect tax. if you have say 20 lakh input-tax-credit and 20 lakh liability every month, then you will be paying 0 taxes. What are you even suggesting?

During covid 2nd wave, concentrators were in huge demand as it was a life saving equipment. Even in that period GST is included for concentrators.

A good Critical Analysis of GST. Love from a Public Policy Scholar.

i still think gst is best with minor adjestment especially for interstate

*PM Modi has turned his attention towards industry reforms with demonetisation, GST, and the Insolvency and Bankruptcy Code (IBC). These were undertaken to reform corporate India and rid the country of crony capitalism. These reforms have drawn criticism from many, perhaps forgetting that demonetisation has broken the back of the black money class. The use of black money has reduced considerably. Long-term habits to deal in black money have been mostly converted into the default use of digital banking systems.* _GST has been an outstanding success towards India’s move to reduce supply chain costs, which today account for 14% of GDP as against 6% in China and 5% in the US. Seventeen taxes were rolled into one, providing a uniform system for the first time in 70 years, and effective indirect taxes have reduced. In its first month, the system onboarded 56 lakh filers. For various reasons, GST has not shown buoyancy, but one can expect to see the effect in the future._ *Infrastructure development has been another significant push of the Modi government. Rural road connectivity, railways development, and construction of high-speed roads, ports and airports have taken off at a fast pace-all vital ingredients to increase India’s productivity and reduce supply chain costs.* *Make-in-India, at commencement, was not a great success because it was cast in the traditional mould without a focus on the policy changes and incentives required. Subsequently, the Production Linked Incentive (PLI) scheme for large scale electronics proved successful-mobile manufacturing has risen multifold, making India an exporter. Merging PLI-like strategies with the Atmanirbhar Bharat Abhiyan push could make Make-in-India a success.* *PM Modi’s next focus was health. Ayushman Bharat was launched to provide health insurance cover to the millions of uninsured in India; 12.6 crore e-cards have been issued, and 1.2 crore hospital admissions were managed through this scheme. The next frontier in health is the Bharat Health Stack, built on the India Stack architecture, which will further improve access and management of healthcare in India.* *Other reforms that have the potential for sizeable economic impact have been in simplifying labour laws, incentivising and reclassifying MSMEs, especially with the guaranteed loan programmes, reduction in corporate tax rates, and deregulating the farm sector, which will empower farmers to double their income by 2022.* The emphasis on employment needs better policies and focus, but it will certainly improve when the effects from these other reforms bear fruit. During the Covid-19 pandemic and national lockdowns, PM Modi’s focus was on ensuring the lives and livelihoods of the bottom-of-the-pyramid. All the reforms and digital advancements made earlier are proving extremely useful in these difficult times. Rations and minimum income support were extended to 80 crore Indians, which wouldn’t have been possible without Digital India and India Stack. PM Modi’s housing programme has also been an outstanding success in bringing dignity to crores of Indians with pucca housing; 1.1 crore houses have been built, targeting a total of 2.95 crores by 2022. The return of migrants during the Covid-lockdown has accelerated this programme and enabled them to build a life in their hometowns. With this acceleration, the timeline to build a house has reduced from 120 days to a 45-60 day horizon. *_At this rate, by 2022, all Indians will have access to basic necessities-housing, clean water, gas connections, bank accounts, internet and mobile connectivity, road access, and education-especially with the implementation of the National Education Policy 2020. For a population of 138 crore, these are remarkable achievements. PM Modi had a clear strategy to reach this point, unambiguous aspirations and a structured sequence of reforms and policies._* Previous political regimes launched schemes like Garibi Hatao, which were unsuccessful because they focused more on politics and less on execution. PM Modi has inverted this paradigm, and personally monitors and reviews progress on the programmes. He leverages technology platforms wherever possible to ensure the programmes are executed as soon as possible. He sets clear priorities for himself and his government. He has not fallen victim to unnecessary politics. His foreign policy moves have made the Middle East friends of India, and the entire world looks more favourably on the country now. Standing up to hegemonic China, too, has improved our standing in the world. *No prime minister has done as much for India’s development as PM Modi has in his EIGHT years.*

@sharunsan2683

Жыл бұрын

Demonetisation had never broken black money class rbi itself said only 1% was properly cleared because majority of the riches are not in cash but transfered to tax havens only the common people suffered not to mention the lack of trust in infian rupees it created in foreign investors and gst was a half-baked scheme don't just put data that are only convinent to your ideas see the entire picture our gdp growth has reduced from 7 to below 5 during the year of it's implementation even now rbi has said india didn't achieve its expected growth this year despite having all the favourable conditions

@sa34w

Жыл бұрын

The only economy is now in ICU post all this , please don’t kill it.

@Udayveer_Singh

Жыл бұрын

Stop copy pasting this shit everywhere

@AK-dr1801

Жыл бұрын

@Vaibhav Jain 😂😂

@manishreddy4247

Жыл бұрын

How do you manage to write such a long comment on a yt video

I think I had already watched this video earlier, Is this a continuation or a repost of same video?

This video on GST was already published sometime back and that is not there anymore. Are there any corrections made with the content in this video?

Wow good study .. iam from textail industry its killing us

One que: Why does local shops DO NOT give bills for whatever items we buy? or give KACHHA bills if asked?

@Rogue-Bull

Жыл бұрын

if they are not required to get registered under GST, then they are not legally required to give GST Invoice. for small traders, it doesn't matter to them either due to lack of knowledge or ignorance or education

Automotive industry is also one of the industry which is taxed unfairly and there's different slabs as to the length and width of the car, engine capacity and the combination of both eventually winds up in the tax. Plus cess is been added to the final gross amount, which constitutes the ex-showroom price including company profits and showroom charges, transportation charges. If it's a imported car its even worse. Its one of the biggest industries in India unfortunately people end up paying high amount for a car. Yes emi options have made ease of buying but they end up paying a lakh more or so to the bank as interest. The RTO charges are different in different cities, that's another issue.

@Rogue-Bull

Жыл бұрын

car is a luxury product. being a pollutant, its aptly taxed. there isn't enough space for cars as compared to population here.

Watched the previous one too but this one is like revision.Thank you Sir for bringing such useful contents. If possible Sir i would like you to cover the RESERVATION content please.

@archanajha4458

Жыл бұрын

Did you able to find out what was the mistake in previous video made?

GST is not a revolutionary "Indian idea". It is Globally practiced. Implementation of GST was need of the hour for India to stay competitive. GST is great when compared to older tax system despite few implementation failures.

@dreamreality2007

Жыл бұрын

it will be revolutionary for the economy of India if the faults are rectified

@Rogue-Bull

Жыл бұрын

nowhere its stated to be an Indian idea here.

GST is implemented on 1st July 2017 GST - " One Nation One Tax " Single Tax system in country and GST council head by Financial minister and state finance minister as members and They are There types of GST ( Central GST & State GST & Intra state GST ) and GST slab of 5% 10% 15 % 28 % rates on the product and some states are suffered manufacturing ( Producer state) suffer lot like Tamilnadu state 2nd largest economy in india and GST reduction of cascading effects monitoring the tax evasion & Disadvantage of Gaming 🎮 Industry and some business get loss with tax on tax for some industries and Think school 🏫 explore GST tax benefit and loss to people 👍 way of presentation 👌 Research analysis by Ganesh anna semma super

Back in 2014 the cost of manufacturing was kept low at 100Rs but now cost will have increased to 125Rs and final calculations comes back same old values. Earlier Govt benefitted by extra VAT collection now manufacturer is collecting that difference in money by increasing manufacturing cost. Ultimately absolute number matters for consumers and not these calculations. During VAT days the cost of many products were low even after paying higher taxes but now it is bad.

Amazing content. Very insightful, keep doing the great work guys

Sir can you take a live product from each sector where gst varries for each catagory ,and then compare with the prize Before the gst introduced ,i think then we can decide based on the difference gst is good or not to the country and it's people can you make a vedio on it

@Rogue-Bull

Жыл бұрын

what you are suggesting cannot be done by a YT channel/ without data collection capability. it can be done by trade bodies like FICCI etc. only

When congress wanted to bring the gst, gujarat objected heavily as it would had costed loss for rs 34000 crore every year for them. But after bjp govt in centre came there were no objections made

@yash_kambli

Жыл бұрын

So whom u r targeting? Bjp or congress?

@KejriwalBhakt

Жыл бұрын

This is called ignorance. Many states opposed it so for 5 years government gave back some amount to respective state government. 🤦

@neetard1774

Жыл бұрын

@@yash_kambli do you want to know the side so you can come in their defense and lick them out

@JD-mc3bl

9 ай бұрын

This is politics. No matter who governs us - bjp or congress, the middle class people here will always suffer....

Waiting on this Case study by think school !! absolutely perfect study

I am only 3 min in the video right now, but why am I getting this sense of deja vu?? Is this video perhaps a re upload?

There is gst on insurance premium also...2 percent...lic gives approx 5 percent returns but 2 percent tax on premium isn't counted There is many problems.. this didn't decreased tax burden but increased burden

@Rogue-Bull

Жыл бұрын

that's a call of government; not GST law's fault. govt can tax whatever it wants in the name of whatever tax.

Looks like a reupload. @Think School. i remember watching this videos already, even the dialgogues sound familiar

i am so proud to be a part of this school. And i wish i can be as creative as ganesh bhaiya. Thanks for everything really aprreciate your ideas, and where can i access your communication course.

I read so many articles on the internet and couldn't understand anything . Thanks for the video sir.

Understanding Women Mind and Indian GST both are Head-ache to any men

I think I have already watched this video before. did you??

@bestcricketbowling9947

Жыл бұрын

What correction he made🤔

@samadshaik

Жыл бұрын

@@bestcricketbowling9947 dont know

I hope Ganesh will sort out a way to play these videos in regional tv news channels Our news channels almost always play some garbage news with very less content and horrible background music and visuals

1. Another problem is the delay in payment from federal govt to states

Very informative 👍

You should criticize Demonitization not GST. It was the Blunder of Modi due to which economy slow down

Thanks for showering so much knowledge upon us 🙏🏻

@think school I think you guys should update the 'Communication Masterclass" by putting research module into it.

Legends know its reupload

The title is not suitable for the content of the video

@FollowMyBio

Жыл бұрын

let's wait and watch... don't make presumptions

@junglee-bee

Жыл бұрын

What is ur suggestion? 🤔

@CenteredCircles

Жыл бұрын

clickbait

@premiumfriends5661

Жыл бұрын

@@junglee-bee advantages and disadvantage of GST policy.

Hi Think School! Loved the video! Would you look into making a video about BRICS making its own reserve currency and how Saudi expressing interest to join BRICS and BRICS countries buying a lot of gold in recent months to build a gold backed BRICS currency could all point to the fall of the US Dollar!

It takes will to correct something and renew it. Respect bhaiya

Use this as a love button for India 🇮🇳❤️let's check how many do we get.

@catanana

Жыл бұрын

Imagine being a like bhukha🤑🤑

all Punjabis are Ameer... as Paratha is a luxury item🙃

@amanbalani557

Жыл бұрын

Ready made Paratha me naki Ghar ke

@ManpreetSingh-cj7yb

Жыл бұрын

Yes ... After all indians like poverty 😂😂😂😂 but we dont

@Udayveer_Singh

Жыл бұрын

@@ManpreetSingh-cj7yb factss brother😂 (waiting for another asshole to start an argument about this)

@FollowMyBio

Жыл бұрын

@@amanbalani557 aree haa reeeeeeeee

i like the sound it gives me goosebumps.sometimes it is also revolutionary our mind.i think content is best.i love to all videos.and Ganesh sir I m proud of you bcz u are civil Engineer.I m also Civil engineer.today every sector there are 3 kind of engineers shown in market like elecriacal,civil & Mechanical Engineer.sir make video on this field to make Reality of Salary Package Of this Field.How this branches Engineers Survive to low pay in our Country.

I have buy a mobile phone online from mi store how can i do to get back igst charges

I think I've seen this exact video a few days back i swear. Is it a re-upload?? 🤔🤨

We had to shut down our small shop of gift items, cosmetics and toys after the GST was brought in. Margins plummeted like anything, many other similar shopkeepers had a hard time surviving. Condition is still not as good (if it was good back then) as it was before the implementation of GST. PS: not a fan of Congress!

Amazing and informative content as always. But am I the only one bothered by the fact that at the end the video and audio were not synced 😅

Well I had watch your previous episode on GST but how it happens when I purchased goods worth 30000 using credit card and the bank deducted 600 which cost my expenditure to 30600 Can you give some explanation about this

@johnkulnu83

Жыл бұрын

Yes

Disaster Only.. Till date they are not able to figure out which item put into which tax slab 😁😁

@Robertsmith001

Жыл бұрын

It’s not that simple, changes are being made to fix that issue

@thewayne6403

Жыл бұрын

People like you think everything is a piece of cake and desh chalana to mazak hai but I agree sitsrsman is one hell of a shitty finance minister.

@mannangupta3643

Жыл бұрын

tumhare jaise logo ko lagta hai ki 1.3 billion logo ki country chalana mazak ki baat hai

@Udayveer_Singh

Жыл бұрын

@@thewayne6403 she's clearly the worst finance minister

Re-upload 😀🔥

@sonalkumarsingh9601

Жыл бұрын

Exactly! I have seen this video

I didn't read the title(Corrected Video) and feeling nostalgic XD.

middle class shrinks down to lower middle class and bpl

*I'm done sitting tight for the award advance since i acquire$23,000 every 12 days of my investment* 🥺❤️

@mikewilliams9832

Жыл бұрын

Same here, I earn $13,000 a week. GOD bless Samuel, he has been a blessing to my family.

@zoemila5

Жыл бұрын

l just got myself a new Tesla model car just few weeks back after started trading with Mr Samuel Leach, he's such a great man 👍.

@govindm5421

Жыл бұрын

Ayaal oru killadi thanne

@sunilkumaryadav2183

Жыл бұрын

@@govindm5421 it is fake

As media and blogers explaining gst that not seems to feel in real life even essential food increased to doubled amount

Ya and VAT, Octroi and Excise was taking us to new heights.

I don't have money in my account or Pocket to pay money in advance and waiting for money when it will come???? 18% paying on Ine Lacks but actual amount when it will be received???

I am not getting what are the types of GST, as in your video you mentioned about IGST. How is this different from the actual GST? Also, does the producer state and the consumer state both applies the GST or only one. If both applies the GST then it that case total GST would be 24%. Can someone clarify me on the above two points.

@gauravjk6931

Жыл бұрын

IGST = Integrated Goods and service tax. It is charged generally when goods or services are sold between two states IGST is tax portion of Central government and then distributed between states CGST is Central goods and service tax which is portion of Tax of Central government SGST = State goods and service tax is tax portion of states. For example if A seller in Delhi sells goods to buyer of Mumbai and rate of tax is 18%, then IGST is applicable since it is supply of goods between 2 states and IGST rate will be 18% If Buyer and Seller are both of same state, and tax rate 18% applicable, then CGST =9% and SGST =9% is charged UTGST = Union territory Goods and service tax is charged when Union terriroty is involved in the transaction. Since Union territory is controlled by central government, UTGST is portion of tax of central government. If there is supply between seller and buyer of Union territory and tax rate 18% applicable, then CGST =9% and UTGST =9% applicable.

Can you make a video on how the formula for GDP calculation formula was changed and what is the GDP as per old formula. Is it actually what the govt is claiming to be?

Rectification required GST 18% applicable for Services provider 20 Lacks and above Manufacturing company 40 Lacks and above Treders or Merchandising how much to pay please clarify?

1) A person who play’s games online for sure he is having a good handset/computer system which shows he is a well to do person hence 28% is applicable here. 2) The credit system applied has done a good job. To avail ITC the seller has to pay GST or else the buyer wont be able to avail the credit. This has taught a discipline to the business industry in terms of tax. Payment of taxes should be on time or else it will be difficult for the govt to track businesses as well as their monthly trades wont settle. 3) But I agree on the point that GST is a consumer orientated tax and not a produced and which should be vise versa and also govt should introduce an option to revise returns same as done in incometax returns. It’s the need of the time

such process are always evolving, I know current govt is open for Suggestions and they should act on the gaps. there should be no way backwards.

Is this video re uploaded??

The issue of producer states doesn't hold any value. The states are getting 50 percent share of the taxes collected on services. Earlier Taxation on services was a matter of central government and hence, State government got no revenue from services.

please enlighten us if the producer states get the 50% and the 42%of center's portion provided to the collecting state, would it have been better?

There has not been any price reduction in any commodities even after gst was implemented....so I think it looks good only in paper....confusing

It's essential for our country to implement large-scale changes by curbing bottlenecks to achieve an efficient working. No system is perfect and needs corrections as we progress.

Can you please suggest me the books to learn about finance and accounting

Hey man! your videos as usual are great, but I feel you should have made a mention of the biggest issue with GST ,which is : How tax credits are used at each point by (Manufactures, wholesalers, retailers etc.) through out the value chain until it reaches the final consumer and it is only consumers who bear their proportion of full tax burden. (Point I make is debatable) but can have a better solution. Cheers 👍 Again, I absolutely love all your of your content. It is truly educational. ❤

@adityapawar7440

Жыл бұрын

that's why it is consumption based tax

@nadarajanmohan2931

Жыл бұрын

Government May introduce gst claim option for income tax payer.it will hope to increase the return of income tax payer.

Informative and well presented 👍 It would have been even better if u had mentioned another important point, regarding the GST compensation Cess. The govt had promised to the high performing and producing states the compensation for any revenue loss due to the switchover to the GST regime for 5 years (from 2017 till June 30, 2022). We all know how delayed and untimely these compensations were made through these years. Keep in mind the economic situation by 2019 was already at a slump.. let alone the onset of pandemic years. These years the revenue through this indirect taxation on goods and services for the states took a big hit, and it had a direct impact on its revenue, the share in percentage for compensation was also influenced by this impact. Now that the deadline has ended, the compensation to these States has ended (Jun, 2022). Interestingly, the Centre however has not ended it's cess collection, rather extended it upto Mar, 2026. So one hand the States are prevented (stopped) from getting their GST compensation and on the other hand the Centre continues to collect the cess via an extension another 4 years. 🙄 The centre justifies their cause saying we gave the compensation from loans during the pandemic. However this doesn't do justice for extending cess collection by 4 years.. as they would be collecting more revenue than what they gave as loans in the few months as compensation. This is why some states argued on extending their compensation period as well. To put it bluntly, the Centre has used the pandemic as a reason to extend its Cess collection by 4 years while denying the same luxury to the States on compensation who had been through an atmosphere of economic discomfort as well. This is marginally a double standard action by the Finance Ministry with a majoritarian GST council at its behest.

You are requested to make one vedio on Economy Economics GDP Per Capita income So normal person can understand the Indian Economy

Lovely video. Complex concepts simplified

If people like you teached at colleges, we would have produced so many more brilliant people in our country