GST Provisions Simplified for Traders/ Retailers
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- Опубліковано 27 сер 2017
- This video explains all the important aspects about Goods and Service Tax (GST) in very simple and conversation language.
This video clears all the confusions about GST and answers the following questions:
What is goods and service tax (GST) ?
Who is required to registered under GST ?
What is composition scheme ?
Compulsory registration under GST ?
What is Input Tax Credit ?
What is B2B and B2C transactions ?
How many returns need to be filled under GST ?
What is invoice matching under GST ?
Applicability of GST for small traders and retailers ?
Rates of taxes under GST ?
very useful information sir. thank you for making a vedio on GST.
Thank you sir.. I'm first learning GST from your channel.. It is very easy to me to understand GST
Nice
awsm video CA Gourav ji.. really u made d concept easier.... gst as a separate paper is now included in d b.com syllabus, I am a lecturer nd dis video is really gng to help me a lot..thanx
+Aparna Srivastava thanks a lot Aparna ji for the compliment. Don't forget to watch introductory video on GST. Stay connected for future video.
Great video Gourav. You cleared almost all my doubts about GST. Thank you
Awesome Video. U explained so well in english...Can u please make a GST related video only on Manufacturer...
What about online grocery store
Very nice sir, very clear information.
Thank you sir g very nice explanation
Wonderful Explain Mr. Gourav. I have some questions,
1) We are bag manufacturer(newly started), sometime we purchase goods without gst bill, but we are selling to amazon e-commerce, now this is B2B business isn't? So what about invoice matching?
2) You told us, 3 monthly returns.Why this 3 filling? And how filling this 3 returns?
if possible, answer here or if you ask me to contact personally, I will do.
Very useful! Crisp explanation
CN you make. A video of how a manufacture need to make gst returns?
I don't know what is gst but I enjoyed plenty of ads. Thanks
Excellent video, short and crisp, thanks.
I work as consultant or as contractor for government organisations such as railway, bank etc...
What type of GST will I be subjective to? Can you please make a video on the same
Please make an detailed video on if you wanna register GST no as manufacturers,like furniture manufacturers,toys, clothing etc.
U hv such a nice way to make us understand. Thanks
Useful information thanks
Wow such a nice and detailed explanation thanks
Thank you very much sir for explaining GST concepts in a simplified and very interesting way
Thanks you sir, It was a beautiful video because I was having doubt regarding input tax credit but it's cleared now with a simple example . Make more videos like this so that it will be very useful to a lot of people.Indeed I will subscribe to your channel.
Super explanation 👍🏻
Great video..concepts are very clear now..thank uh sir!
Thank you very much for the manufacturer to consumer gst description.
Very good explanation
If online trading commodities business like shares etc what type of nature of business should show in gst registration portal
I am retailer, I have a kirana shop but to use smart billing machine I have to register for GST, but i dint charge any gst from my customers. what should I do ?
Excellent explanation sir
I am a collection agent of waste ...I collect and sale to interstate ....Is it B2B ? I am getting paid as handling charge and deduction (5% gst from my amount by buyer company ???Do I needed GST? If yes....what gst filings I needs ..
It is very helpful. Thank you sir. I need clarification regarding gta.who will choose gta in gst.
Very nice video sir.. Just what I was looking for.. Appreciate it 🍻
very simple and useful explanation, good
Thank you sir... Fabulous explanation...
Is gst applicability still same in 2022 or are there any changes in it...
Plz continue making in English like this
I wanted to supply construction materials. But one company gave me a chance ni need to pen a shop but u need gst. I will give u stock and u can get the requirements and order through my website. But u need gst.
How it is possible. Plz explain sir
sir tobacco beedi manufacturers fall in which category whose turn over is below 20lak.should they want to pay GST.
To be a supplier via e commerce operator. Am I eligible for composition scheme? or i need to register under
normal scheme
Awesome 👍
Thank You Sir, GST doubts Almost Cleared.
great great great....thanks and carry on sir ji
How B2C transactions do not require invoice matching, do retailers not get ITC?
How to manage GST for ReSellers ???
ReSellers don't have GST registered, just like Mesho, GlowRoad case.
Gaurav bhai I am starting a wholesale business of food bringing items from Delhi and supplying to Dehradun market. I have ordered my first batch without having GST now some big shopkeepers ask me bill with GST.. how to go about it??
Hi sir if my factory business turnover is less than 20 lakh so I didn't pay gst bill and what is procedure.. Can you explain me.. Like which gst I have to register...
hi sir, if i am running the cloth shop i don't have gst registration & now i am register new business in same address imports & exports & take gst then I will be able to assign same gst to my old business & it is legally ok or not
Really Helpful... Thank you..👍
brother i appreciate your work, thanks for explaining.
+Amit Rao thanks a lot Amit. Stay connected
How the retailers will take itc when there is no invoice matching and further is it mandatory for businesses having annual turnover of more than 20lakh and less than 75 lakh
Good Explanation
Sir aaj GSTR return k last date hai composition walo k liye but ye clear nahi hua kisi notification se k PURCHASE details add krni hai ya nahi 4A me.
Yadi apke pass koi information hai to share kre
Nicely explained
Can Manufacturer get gst input in row material purchasing And how pls explan
Awesome... Pl. keep on making such videos ..
If I buy one product for Rs 100 from composite gst registered supplier.I am going to sell that produt for Rs 200 as a regular GST registered person.How much gst amount i need to charge from my customer as per 18% tax ?
Thxxx bhai..
Dill se...
Hi gaurav I ve registered as manufacturer bt I want to switch to retail now wat can I do
Good Video!!! Im having a doubt.. Assume im a small trader who buys from manufacturer and ship to a seller in both intra and inter states and operates within 20L per annum.. U said that we dont need GST registration. So we dont have to pay or collect taxes?? if no then how we need to proceed??
i am a supplier i have lying stock of goods which was purchased in cash without any bill and gst of Rs. 20000 now I have gst number which was issued on 22/10/2020 how can i issue gst invoice bill to retailer and when will i file my first gstr b and gstr 1
Nicely done. Thank you so much Mr.Jashnani :)
Hi, i have a doubt regarding retailer seller, if purchase retail items from amazon or flipkart through gst i will get the 10-28% tax discount but after purchasing i am not sold that items due damage or spoil ...then what are the action that i have to take gst filing ? Is it any offense as per gst rules?
Whether it is mandatory or voluntary option that the person previously had service tax registration need to register for GST?
How much tax should I pay in B2C model for kirana store if my turnover is 13 lacs per annum. I have taken GST number
How can I know my profit from distributor to retailer
Hai Thanks for the video. I have a question. If i purchase 1,00,000 rupees item from metro cash and carry store with bill which has GST in it. Now i will sell goods to end customer with MRP rate which in clusive of GST. so here i am paying GST 2 times. In this case am i eligible to get input tax credit
Hanumasateesh Mynampati ; i think you should get input tax credit. But maybe it depends on the the person or individual from whom you purchased goods or services is he going to give the tax to the government levied on that product/service,if yes then I think you should get the benefit of input tax credit.
I have the same query... Can anyone pls elaborate on this?
Yes, you need to pay input tax credit to the govt. In quarterly basis.
Concepts cleared, sir.
Plz try to cover the long term capital gain tax topic in upcoming videos.
+Anshal Garg thanks Anshul.. Will keep the topic in the mind.
Brother, it was very useful 🙏🏽
Hi,
I am a cloth retailer(shop) my turnover may go upto 25lakhs per annum. But I want to buy clothes from my supplier(wholesalers) who are in other states. So Can I opt for composition scheme to buy clothes from Wholesalers outside my states?(interstate)
very good sir
what is invoice matching???
Sir.. I have a doubt.. What if the mrp of the bag in your example is 165 and say the retailer is unregistered.. how much amount will he collect from the consumer?
sir you are doing great job!
Thanks a lot Pranay. Stay connected
Thank u explaination
sir, what if someone not register under GST
Good Job
+The Commerce Tutor thanks a lot dear
Sir I am a retailer of spare parts shope can I have to register in gst
Dear Sir,
If I have just started a company and I don't know how much my turnover is going to be in this financial year then how can I select the scheme that I want to opt for?
Very useful
well explained
Hi sir thanks for your info it's very useful and I have a inquiry that if I take goods from retailer then can I sell them without GST and what and is there any records require please explain
Thanks.. Bravo
very informative..thks
i have a computer sales and service retail shop then how can i file the return of the gst. wether i have to file 37 or 13 return file in a year. can you tell me how can i file return on my own in the gst portal.
If i have paid gst to retailer... Then i will file nill return or pay the same tax again from my gst id
Sir thanks u so much for clearing my all doubts but if u can make one more video on gst rates applicability with real examples e.i after marking MRP on Product by manufacturer then what is impact on supply chain plz give me best solution for my clearing doubts thank u again
sir, i m running a manufacturing workshop of iron almirah n i m getting most of all raw-materials(iron role sheet etc) at 18% , so what will be the gst rate of my product n in which gst rate can i sell my product.?
Which software i r using plz say?
sir i m thinking of opening a stationary shop where i can sell stationary product which is uesd in banks... sir what do i need to do in trrms of gst ...
How many returns are required to be filed if turnover is beyond 75 lacs ?
When a trader wants to get gst regn.he is reqd.to get msme regn. And msme does not register traders. Then how do traders get gst registration.
Sir I have 1problem regards GST.
I am medical shop retailer but my annual biasness is below 20 laks .
Can i apply GST return.
My yearly turnover 10 lac, I reg in Normal gst, can I continue to do this ?? B2b transaction
SIR THANKS FOR THE VIDEO. I have a question . sir i have already service provider licence in GST. Know I want put to a manufacture unit. Can i run unit with same GST number. Please suggest me
we file only 12 returns for GST, then what are the 36 returns for B2B holder
Sir what is a wholesaler has a turnover above rs75lakhs will he be able to avail the benefit of input tax credit.
is a current account required for filing gst?
Sir I have a medical retaier and I am normal scheme but I cannot collect GST to customer because my product printed with including tax so I can't understand please explain in Hindi
Cyber cafe which category
Hello Sir,
Very Good and useful lectures.
Pl make detailed lectures on Rcm schemes and e-way bills.
Thank you,
Sandeep Bhosale
Sir wholesaler ka naya busines set up keliye kya kya registration karna padta he cloths wholesale keliye
Hello sir. Main ek small scale manufacturing ka unit setup karna chahta hoon. Par mera raw material supplier gst pe maal nahi deta.par mujhe aage gst par hi maal chorna hai. Main kaise gst ka hisab lagaunga please sikha dijiye. Mera b2b business hai.
I am not under composition scheme can I sell goods out of state