Sir I have a doubt in gift concept if husband gift share to his wife and wife sold such share than if any capital gain arises shall be deemed to be the husband capital gain income as per clubbing concept. Than what is gift in it olny accretion of profit on dividen income on such share.
Amazing video. Instead of making fun of him and unnecessary hating which most people do you took it as a genuine question and answered in the most clear way.
I am an engineer, I have no background of CA and related things. When Samay commented on that video, I was exactly thinking about your sir. Thanks for this clarification!
If the finance ministry had someone like this explaining to the public maybe they'd face less criticism. Nowadays they're catching random strays just because people don't understand how things work.
All of these information are also available on the internet, so if a person is curious enough to know about these taxation, amendments, economy, he can also gather knowledge of these from the internet... It's not the responsibility of Government always to educate people where people are having greater chance of educating themselves through Internet...
Sir apki awaj bahut achhi hai samaj me bhi sab ata hai agar thode lecture ca intermediate taxation ke UA-cam pr upload karte toh sayad bahut acha lagta
2:00 govt can make septrate bank type (gst current ) for gst registered and should directly cut 18 percent from all online payments . That could be also a solution 😊😊 Along woth others Subsections
4:38 input tax credit on food is blocked credit hence cannot take input. and also incase of supply of goods or service to unregistered recipient (public at large) it would be better ,if compliance done by 1 supplier instead of many recipients
@@RoysWorld26yes , but in the case discussed in the video , samay Raina is not making a taxable supply and hence can't claim itc of the gst which he paid during all purchases(inward supplies)
Sir in case of advocate services between advocate firms, it is exempted from GST however if it was to be leviable under GST, ITC would anyways be available and so I don't think there is much of a need for such exemption could you please explain
Dhyaan se suniye Nikunj. I never said you can avail ITC on food. I just said you will have to pay the GST applicable on food yourself as a recipient if the recipient's are held liable to pay GST on all their inward supplies. There's a difference!
sir meant ki ap khane samay ne khaya aur bill (without GST amount) wo resturant me dega aur uska GST par alag se sarkar ko dega Aise nahi hone chhaiye na
Sir maine samay k is SHORT video me comment kiya tha ki "as a CA Aspirant I laughed a lot 🤣🤣" So usme ekne reply kiya ki iska reason kya hai Actually mujhe bhi itna detail me nahi pata tha but ab pata chal gaya Thanks a lot for concept clarity sir ji ❤️🙏😀
you are absolutely right but as per my comprehrending abilities i think samay meant that there must be some automated tax system which automatically adjusts the price and when the receipent pays, the amount goes to receipent and the tax amount goes directly towards the government and while paying there is already tax included in the goods and services and it is deducted on the spot. obviously it is possible only through online transactions but thats why i think he meant.
My biggest mistake of my CA journey is that i didn't take tax class from you sir , your example are really practical base and provide in dept knowledge to us and you also tell us from government perspective that where businesses can hide their incomes and taxes , that really help us to know about practical world . But i will surely take ca final tax classes from you only .
Sir tds on metal under gst.? Government ne kyu imposed kiya and agar sir humne April,2024 se metal purchase kar rahe hai and that already exceeded limit of 2.5lac then 1-10-2024 se agar 100 rs ka bhi bill bane to hume tds katna hai.?
Sir I am USA based NRI. Would you please make some vedio on NRI taxes. I searched that very few and genuine vedio are there for NRI. You are one of the genuine person to serve in this field. Thank you❤
Sir.. Input lete time agar FCM apply hoye jese bhut sari services hmne li .. to supplier/vendor tax pay krde .. mtlab compliance vo kre., and service dete time jese ki events ya fir streams .. me RCM apply ho jaye and tax ki compliance recepient kre to fir to compliance se free ho jayenge,,😁👀
Sir Ek aur baat sochna ka hai ki agar Recipient ko hi govt ko directly tax pay krna hoga tab toh har person ko registration krwana parega under GST(irrespective ki condition meet ho ya na). Hum jitna bhi taxable supplies buy krenge sab par har recipient ko directly tax pay krna parega, mtlb GST compliance for every citizen😂. CAs aur Aspiring CAs ka kaam badh jayega, itna sara returns file karna parega.
yes, under gst there is no concept of seconf hand goods, if it falls into the defination of goods or services, gst will be applicable, provided it is not exempt.
@sooner_ca If a person's turnover exceeds 20 lakhs by providing services and earning commission from mutual fund companies registered under Cams and Kfintech. So he has to register under Gst and take Gst number after that whether he has to pay GST from their own pocket or the AMC will provide commission now inclusive of GST .
Income tax is for everyone too but it is burdened on people whoearn abova a certain amount but people often hide their income hence the concept of indirect tax comes into play but it is regressive in nature
It's actually good that samay raina doesn't understand GST.....if he does then it could have been a black day for India. He doesn't understand GST that's why he is a comedian if he does, then he should have been a professional
Sponsorship ki service me if receiver of sponsorship services is a body corporate, then GST is payable under RCM (Reverse charge mechanism) i.e. receiver hi gst pay karega. If Samay Raina gives sponsorship services to a body corporate then b/c will pay gst, am i right sir
Sir I think the essence or principle behind making these big corporations to do the compliances is that they have a bigger employee base or team whom hey can hire along with doing their business operations.
You're correct. There is reverse charge in some cases where the recipients tend to be bigger than the supplier. However, in majority of the cases, it is the supplier only who is held liable to do all these compliances and that makes sense also considering the reasons mentioned in the video.
Sir what do you think india me kitne tax slabs hone chahiye like jaise baki countries hai waha max 2-3 slabs hai or highest indirect tax bhi 20-25% h but india ke case me ye totally opposite hai ig 4 tax slabs or ab 5th lane ki planning chlri h with 35% . What do you think iska kya solution hona chaiye
Pr is case mai to reverse charge mai lagta hai na GST? Kyuki ye to artists mai ayega na? And artists sportman writers in sb pe to reverse charge lagta hai and even on sponsorships?
Sir Ji, lawyers ke liye bhi reverse charge taxation available hai...Also, ab to AI aa gaya hai, Samay's real question is, the government can use technology to give him a bill for the taxes due with a link for him to pay.
Samay Raina is the Golden Chicken of UA-cam these Days, Everyone Trying to Put "Samay Raina" in the Video Title and Thumbnail one way or the other. Jokes apart. Great Informative Video. 😆
Why not first point gst tax on all manufacturing, import of goods No input credit . So less manpower for gst departments & officers etc . Once tax paid , no tax on resale. For any tax loss make few percent more but make it on first point only
Sir, can you make a video on Resale certificate in USA, which seems like a better solution than Input tax credit in India .Where instead of "every person involve in sale from manufacture, distributor, agent, wholesaler , retailer all have to keep collecting tax and paying tax and eventually have to get back the money as ITC", people collect certificate and pass it on to next person until the customer who eventually pays the tax money ? How does it properly work and can it be implemented in India?
I don't agree idt se log tax khushi khushi collect karege. People want to work without collecting gst as it increases turnover, leading to more income therefore more income tax
GST was supposed to be simple and plain. But the Indian Government took it opposite, and made it more complex. Like popcorn 🍿😅 common man will go crazy...
In that case every person will require to take GST registration but in that sense every common will know how much know how much exact taxes are they paying . But Samay's idea is not bad because there is no tension of Availed and unavailed taxes, businessman will have no concerns about reconciliation no need to track the ITC. Increase or decrease in filing burden is shifted. The problem is about controlling the tax fraud both in the sense Direct & Indirect.
The more you ask, the more you learn ❤
can you please make video on education expense deduction in taxes
Sir when will DT and IDT batch for CA final start?
Sir I have a doubt in gift concept if husband gift share to his wife and wife sold such share than if any capital gain arises shall be deemed to be the husband capital gain income as per clubbing concept.
Than what is gift in it olny accretion of profit on dividen income on such share.
Sir please make a video on it
And more you learn, more you earn.
Amazing video. Instead of making fun of him and unnecessary hating which most people do you took it as a genuine question and answered in the most clear way.
The problem today is that idiots are full of answer.
Crazy in depth knowledge of tax ❤
Broo he is CA it's normal for him 😂😂
It's pretty basic...
6:12 crazy crazy 🤣, that means sahil sir bhi samay ki videos dekhte hain ❤
Amazing to know, sir bhi human hai 😮
@@tushargoel3870 How bro felt after replying 😈😎
@@nnnn2198He should
I am an engineer, I have no background of CA and related things.
When Samay commented on that video, I was exactly thinking about your sir. Thanks for this clarification!
If the finance ministry had someone like this explaining to the public maybe they'd face less criticism. Nowadays they're catching random strays just because people don't understand how things work.
All of these information are also available on the internet, so if a person is curious enough to know about these taxation, amendments, economy, he can also gather knowledge of these from the internet... It's not the responsibility of Government always to educate people where people are having greater chance of educating themselves through Internet...
Actually, it is responsibility of govt. To come and answer all these questions. @@monikamaity3147
@@monikamaity3147people are most of the time politically motivated and dont want to get educated.
3:58 'PRINTER' bhi khareeda hoga🤣
printing engineer??
Lol 😂😂
Amazon wala se repair bhi karwaya hoga 😂😂
Sir the way you explain itself feel so calming 😅🌻 love the way you explain sir 💯
"Painting" was personal ☠️💀💀
Sir apki awaj bahut achhi hai samaj me bhi sab ata hai agar thode lecture ca intermediate taxation ke UA-cam pr upload karte toh sayad bahut acha lagta
Sir why finance minister put popcorn in three categories
Woh stree hai, kuch bhi kar sakti hai
😂😂@@TaxationWithCASahilJain
😂@@TaxationWithCASahilJain
🤣
😂😂😂
we got sahil sir replying samay before GTA 6 🔥
This is a general question among normal people, but here a chartered arrives with pen and brain❣️
wow, you got a new student for ca final now and also can you please make a avideo on why is idt aggressive?? i am cuious now
2:00 govt can make septrate bank type (gst current ) for gst registered and should directly cut 18 percent from all online payments . That could be also a solution 😊😊
Along woth others Subsections
For goods and service delivery an cash holding ....
All services or Goods Are Not taxed at 18%
Har chij rate 18% nahi hota aur jaruri nahi ki kuch purchase hi ho lending bhi ho sakti hai
4:38 input tax credit on food is blocked credit hence cannot take input. and also incase of supply of goods or service to unregistered recipient (public at large) it would be better ,if compliance done by 1 supplier instead of many recipients
He is talking about payment of GST not Input tax credit.
@@RoysWorld26yes , but in the case discussed in the video , samay Raina is not making a taxable supply and hence can't claim itc of the gst which he paid during all purchases(inward supplies)
6:12 crazy crazy 😂 that was good mimicry .
Sir censor karna bhul gya 😂😂 0:40 pe
Good point of view.... Thank you Sir 🙏🏻
It's great, i got the full picture now❤❤❤
Informative video thankyou so much for this ❤
Sir in case of advocate services between advocate firms, it is exempted from GST however if it was to be leviable under GST, ITC would anyways be available and so I don't think there is much of a need for such exemption could you please explain
If client is calculating and paying, it is not possible to calculate input tax credit also.
Learnt by the best way. Thanks Sir But, What about other countries who have a single VAT/GST rate?
Sir, As per Section 17(5) food to blocked credit me aata hai na
Dhyaan se suniye Nikunj. I never said you can avail ITC on food. I just said you will have to pay the GST applicable on food yourself as a recipient if the recipient's are held liable to pay GST on all their inward supplies. There's a difference!
sir meant ki ap khane samay ne khaya aur bill (without GST amount) wo resturant me dega aur uska GST par alag se sarkar ko dega
Aise nahi hone chhaiye na
Bhai Credit ki baat nahi liability ki baat kar rahe
@@TaxationWithCASahilJain Thank you so much sir for clearing the doubt
Sir what about the tax on sale of cars and the new popcorn tax, what is your insight.
Great Clarity Sirji!
Crazy Crazy Hogaya!
Agr recipient GST file krne lg gya toh fir gov. Kitne accOUNT Ko track kregi AUR Dusri baat agr 1 shop ke 10 customer h toh 10 GST file krne lgege aese toh bhot confusion hoga
your video never dissapoint us Sir. I admired your explainations on all the topics so far. Thankyou so very much fotr each video.
Sir maine samay k is SHORT video me comment kiya tha ki "as a CA Aspirant I laughed a lot 🤣🤣"
So usme ekne reply kiya ki iska reason kya hai
Actually mujhe bhi itna detail me nahi pata tha but ab pata chal gaya
Thanks a lot for concept clarity sir ji ❤️🙏😀
Sir maine is video ka link uss bande ko de diya 😀
Amazing content sir. ❤
Samay bhai after watching this video be like......
Eeee tho Kuch Craazzzyyyy Concept nikla Bhai....
you are absolutely right but as per my comprehrending abilities i think samay meant that there must be some automated tax system which automatically adjusts the price and when the receipent pays, the amount goes to receipent and the tax amount goes directly towards the government and while paying there is already tax included in the goods and services and it is deducted on the spot. obviously it is possible only through online transactions but thats why i think he meant.
My biggest mistake of my CA journey is that i didn't take tax class from you sir , your example are really practical base and provide in dept knowledge to us and you also tell us from government perspective that where businesses can hide their incomes and taxes , that really help us to know about practical world .
But i will surely take ca final tax classes from you only .
Very well explained. Thank you so much for the video.
Great
Hatts off
guys ya video samay raina tak pohcana hain hamko share karo jaldi 😁😁
Sahil sir you're really knowledgeable and have a solid foundation.
If Samay not registered under gst then through rcm recipient could pay the gst.
And input cant be claimed it could be treated as Final consumer.
Are to samay ka turnover tumko lgta h ki required se kam hoga
Sir tds on metal under gst.? Government ne kyu imposed kiya and agar sir humne April,2024 se metal purchase kar rahe hai and that already exceeded limit of 2.5lac then 1-10-2024 se agar 100 rs ka bhi bill bane to hume tds katna hai.?
who want samay raina reply on this video?😄😁
Sir I am USA based NRI. Would you please make some vedio on NRI taxes. I searched that very few and genuine vedio are there for NRI. You are one of the genuine person to serve in this field. Thank you❤
Sir.. Input lete time agar FCM apply hoye jese bhut sari services hmne li .. to supplier/vendor tax pay krde .. mtlab compliance vo kre., and service dete time jese ki events ya fir streams .. me RCM apply ho jaye and tax ki compliance recepient kre to fir to compliance se free ho jayenge,,😁👀
Sir plz bring more case studies ❤
Inshort, samay Raina was saying to apply RCM On all transactions which is not logical for every individual to file GSTR.
Sir Ek aur baat sochna ka hai ki agar Recipient ko hi govt ko directly tax pay krna hoga tab toh har person ko registration krwana parega under GST(irrespective ki condition meet ho ya na). Hum jitna bhi taxable supplies buy krenge sab par har recipient ko directly tax pay krna parega, mtlb GST compliance for every citizen😂. CAs aur Aspiring CAs ka kaam badh jayega, itna sara returns file karna parega.
Nicely explain with logic.
Thank You Sir.
Sir I have one question that previously whether gst was charged on sale of second hand goods.... please reply sir 🙏🏼🙏🏼 please
yes, under gst there is no concept of seconf hand goods, if it falls into the defination of goods or services, gst will be applicable, provided it is not exempt.
Please lets get this video to reach to Samay Raina !!!
How to determine the HSN code and its rate ??
services.gst.gov.in/services/searchhsnsac
All categories of HSN codes are available on the govt. website
Guys, pls make this video viral,
so that Samay also get to know the actual reason, rather than just laughing & cursing it !!! 👍
Appreciate your explanation
Can a CA student help me solve a doubt about GST for service providers?
Questions please
@sooner_ca If a person's turnover exceeds 20 lakhs by providing services and earning commission from mutual fund companies registered under Cams and Kfintech. So he has to register under Gst and take Gst number after that whether he has to pay GST from their own pocket or the AMC will provide commission now inclusive of GST .
Beautiful answer .. ❤
Sir yeh Income tax kahape aata hai?
Yeh GST pay karne ke baad count hota hai yaa GST ke pehle ke earning pe hi
(I know about the deductions though)
Without gst amount of your income
If everyone paying GST then why income tax for salaried people.
Income tax is for everyone too but it is burdened on people whoearn abova a certain amount but people often hide their income hence the concept of indirect tax comes into play but it is regressive in nature
Govt needs more income 😂
It's actually good that samay raina doesn't understand GST.....if he does then it could have been a black day for India.
He doesn't understand GST that's why he is a comedian if he does, then he should have been a professional
sab log se gst le rahe ho par ham sab deserve nahi karte gst samajhna?
I am in class 11th and revising the gst chapter and just saw this video and didn’t understood a single thing
Lol clear ur concept
Sir ye RCM ke andar to tax ho sakta hai na client ko
Sir appki tax classes kha se le sakte hai??
Suppose I am a salaried employee. I bought few things in Amazon where I paid the GST. Can I file this to get the refund?
Sponsorship ki service me if receiver of sponsorship services is a body corporate, then GST is payable under RCM (Reverse charge mechanism) i.e. receiver hi gst pay karega.
If Samay Raina gives sponsorship services to a body corporate then b/c will pay gst, am i right sir
Sir I think the essence or principle behind making these big corporations to do the compliances is that they have a bigger employee base or team whom hey can hire along with doing their business operations.
You're correct. There is reverse charge in some cases where the recipients tend to be bigger than the supplier. However, in majority of the cases, it is the supplier only who is held liable to do all these compliances and that makes sense also considering the reasons mentioned in the video.
Could also be titled as Why Indirect Taxes if tax could be collected Directly
Very nicely explained sir 👏👏👏
Well explained 🔥
Great analysis 💯😍
Koi baat nhi sir ye sab abhi bache hai jo aisa aisa bolte hai jab aise log apki video dekhege toh unhe unka jawab mil jayega
Sir what do you think india me kitne tax slabs hone chahiye like jaise baki countries hai waha max 2-3 slabs hai or highest indirect tax bhi 20-25% h but india ke case me ye totally opposite hai ig 4 tax slabs or ab 5th lane ki planning chlri h with 35% .
What do you think iska kya solution hona chaiye
Pr is case mai to reverse charge mai lagta hai na GST? Kyuki ye to artists mai ayega na? And artists sportman writers in sb pe to reverse charge lagta hai and even on sponsorships?
Ou... Maine tittle dekh k seedha hi likh dia ki vo kyu dega.. 😅😅
nsdl ki site pe konsa gst jata hai yar ?
🤣🤣 yaar vo CA thodi hai vo kuch bhi bol sakta hai
Sir Ji, lawyers ke liye bhi reverse charge taxation available hai...Also, ab to AI aa gaya hai, Samay's real question is, the government can use technology to give him a bill for the taxes due with a link for him to pay.
Great knowledgeable video sir thank you.
never thought samay would lead me into watching taxation with ca sahil jain
Samay Raina is the Golden Chicken of UA-cam these Days, Everyone Trying to Put "Samay Raina" in the Video Title and Thumbnail one way or the other. Jokes apart. Great Informative Video. 😆
Great sir
Mai to CA student bhi ni hu firbhi pura sunlia cause itta interesting tha😄
Why not first point gst tax on all manufacturing, import of goods No input credit . So less manpower for gst departments & officers etc . Once tax paid , no tax on resale. For any tax loss make few percent more but make it on first point only
That’s the difference between a professional vs a normal citizen 😅
❤ Great job
very in-depth video
Sir one detailed video on implications of GST on Used Vehicles in Case of C2C, B2C and B2B
00:40 Sir aap uske shabd ko censor karna bhul gaye!! 😅😅
Apologise for the same. Didn't notice that part.
@@TaxationWithCASahilJain koi baat nahi 👍
sir tried to maintain the authenticity of the source
@@TaxationWithCASahilJain Apologies*
make a video for health insurance 18% gst exempt hOna chahiye ya nahi
Thankyou sir
Amazing 🎉
Sir, can you make a video on Resale certificate in USA, which seems like a better solution than Input tax credit in India .Where instead of "every person involve in sale from manufacture, distributor, agent, wholesaler , retailer all have to keep collecting tax and paying tax and eventually have to get back the money as ITC", people collect certificate and pass it on to next person until the customer who eventually pays the tax money ? How does it properly work and can it be implemented in India?
very well explained sir👌👌
Applause❤🎉 6:11
vvery informative, thank u sir
I don't agree idt se log tax khushi khushi collect karege.
People want to work without collecting gst as it increases turnover, leading to more income therefore more income tax
GST was supposed to be simple and plain. But the Indian Government took it opposite, and made it more complex.
Like popcorn 🍿😅 common man will go crazy...
Every vendor is some how will be client
Every client can be vendor on some point.
Sir you make taxation subject more interesting 🤗🤗
5:53 😮 true
Excellent explanation sir
lots of love sir ❤🔥
samay mentioned GST but he was talking about TDS (as he mention that 01/02 - codes assigned to company or non company)
Har aadmi ko apni jimmedari se bachna he kaam kara he law follow karna padega.
In that case every person will require to take GST registration but in that sense every common will know how much know how much exact taxes are they paying . But Samay's idea is not bad because there is no tension of Availed and unavailed taxes, businessman will have no concerns about reconciliation no need to track the ITC. Increase or decrease in filing burden is shifted. The problem is about controlling the tax fraud both in the sense Direct & Indirect.
B2C Wale supply kyun report karenge. Fraud hone ke chances hai. They do not get any exemption on this. Woh log GST registration hi kyun lenge.