L4/P8: GST: Goods and services tax- Features,Benefits, Challanges

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Language: Hindi, Topics Covered:
1. recap of the previous lectures on fiscal policy
2. sales tax and cascading effect explained
3. Value added tax (VAT) and input credit system.
4. What are MODVAT and CENVAT?
5. Why do we need goods and services tax?
6. 122nd constitutional amendment Bill 2014: salient features of.
7. GST council: structure and functions
8. list of union and states indirect taxes to be subsumed under GST regime
9. What are CGST, SGST and IGST input credit system.
10. four benefits of GST: efficient logistics, Ancillarisation, Same “Base” computation and Zero rated Exports
11. Challenges ahead in implementation: High revenue neutral rate (RNR), Compensation to states & 14th Finance commission, Registration threshold and Misc. issues.
Powerpoint available at Mrunal.org/download
Exam-Utility: UPSC CSAT, Prelims, Mains, CDS, CAPF, Bank, RBI, IBPS, SSC and other competitive exams, IIM, XLRI, MBA interviews and GDPI
Venue: Sardar Patel Institute of Public Administration (SPIPA), Satellite, Ahmedabad, Gujarat,India

[@kamalkishan8248]

8 years to this vedio still amazing

[@divyasingh2420]

awesome lecture.. i am highly thanksful to mrunal sir for upload such useful video without any cost

[@SRJ8729]

मृणाल जी, आप बहुत अच्छे से समझाते हैं
और हम बहुत अच्छे से समझ भी लेते हैं
"रब ने बना दी जोड़ी "😇😇😇👬👥👥💪✌👌👍👏

[@SwaroopMd]

Mrunal sir thank you so much for your efforts, high appreciated!!!

[@thetands7866]

LOVE YOU MRUNAL SIR.... THANK YOU..

[@AmarGupta36]

thank you sir! you are amazingly good

[@jayeshsoniIAS]

Thanks Mrunal sir.. . . for IN Hindi.

[@maggieznoodles]

thank you so much
*touching your feet*

[@rashmisy]

Noodles ban gya Indian!!!!!

[@vipulpangadi2811]

Modi chor hai 😀😀😀

[@shlokamsrivastava6782]

@@vipulpangadi2811 Sahi kaha
Modi chowkidaar chor hai

[@ravikumart7046]

Nice lecture Sir....i m grateful to you...

[@Ankur_TheViceroy]

I have no word to thank up. ..

[@NITIAN__Live_Trade_Room]

exceptionally great video sir

[@aimenbilgrami]

best possible explanation

[@suriyabharanidharan]

Sir if your lectures have English subtitles it would be a blessing in disguise for whole of India.

[@deepaktanwar2906]

Why in disguise?

[@hemant2211]

sir, This video and L5/P1 could not be downloaded, pl help...

[@somasekharnaik9237]

thank you very much sir

[@devchawan2020]

appreciating one

[@heritagewalk90]

nice and very helpful

[@deepaktanwar2906]

Thank you sir all ur videos are amazing to watch.

[@eduGyanLearning]

Is it benifical to still watch his lectures as from 2015 lot of information has been updated

[@syamas4742]

Thankyou sir

[@anooppaswan7938]

Thank u Sir🙏

[@chandraprakashbairwa6045]

Thank you so much sir

[@Finencial786]

thanks a lot

[@divyarajawat7056]

very nice sir

[@shivamagarwal5007]

please upload vidio on culture also

[@gulzar6409]

sir how can we describe four benefits in exam.

[@vandananagar9850]

very nice

[@aatmakumar4631]

Nice class sir

[@NITESHKUMAR-xt6gd]

Thanks sar

[@yours_ballu]

Date : 02/11/18
Time : 17:22Hrs

[@gauravsinghlife]

mrunal bhai zindabad

[@muksnigs]

Sir, in budget 2016 fin minister added Krishi kalyan cess, so do they know that the opposition wont allow them to pass GST in lower house ?

[@manusingh6242]

it will be subsumed in GST

[@ujjwalkumar-ur1jr]

Sir.. Repeatedly I am listening to that for GST implementation govt comes with 122nd amed but... In 2017 govt enforced GST through 101 amed 2017 act.

[@prempatel2006]

122nd was the bill that gov introduce in parliament for constitutional amendment, but as every bill don't became an act, therefore the 122nd bill became 101th amendment act.

[@deepakkumarparida9551]

1:02:40 Ancillary services

[@adm5491]

In the lecture, it has been said that the Central excise tax will not be subsumed as on tobacco products - GST + central Excise. But then Central excise duty will be replaced by CGST.. ?? Can anyone explain Pls.

[@ArunYadav-no8xo]

No..products like tobaccco, petrol wouldn't be under GST regime unless and until GST council decides and notifies the same...Till then current system of Central excise + VAT would be applicable on such products

[@ArunYadav-no8xo]

No..products like tobaccco, petrol wouldn't be under GST regime unless and until GST council decides and notifies the same...Till then current system of Central excise + VAT would be applicable on such products

[@anishjha8993]

Sir what i think i that VAT example the amout paid by final consumer(mrunal) is 10550 n not 11550???

[@devvairagi2013]

yes bro, am also confused that it is 10550 or 11550 ,

[@nishanttyagi6771]

10000(price of good)+1000(10% tax on 10k goes to state)+500(amount on value addition )+50 (10% tax on value added) =11550 INR

[@rips69ify]

UP ki itni beizzati......

[@shwetanksingh5208]

Sir it was MODVAT and CENVAT which existed before VAT but why have you presented them here in the opposite way?

[@somilsheoran]

at around 1:04:30 he says in present system vat is on 11000 that means tax on tax....but in beginning he told vat was introduced to get rid of this tax on tax.....can anyone plz explain.... thanku

[@vineethkalluri960]

In normal tax, tax on tax was made on the front side i.e, once the product is manufactured . It was overcome by VAT. But VAT only rectifies the taxes there after made by the traders or the forward linked taxes . But it doesn't rectify the backward linked taxes i.e the excise charged by the centre. GST also overcomes this as explained at 1:05:11

[@vineethkalluri960]

Once check 6:37 . You can see they are just talking about the taxes levied while selling the product in market , not about the excise levied by the centre at the manufacturing unit

[@Ricky_kumar_sony]

Is it still relevant all the 85 videos....in 2023 please...reply...i am very much confused....

[@RajbahadurYadav-zd7dp]

Yes they are very much relevant..

[@anushkarajput8223]

Also there is win22 series by mrunal sir you can refer to that

[@user-mp8yu1nn3r]

Budget waale lecture chhor kar baaki sab theek hai kaam aayega

[@vineethkalluri960]

But at 45:08 everyone will still write the same extra points if they clear prelims . So I think we need to add some new points on our own.

[@amitkumar1582]

In 2023 this looks very confusing as Anandiben is now governor of Up , Bjp is Ruling UP and narendra Modi is PM who was previously cm of Gujrat

[@honey14694]

Please make the videos in English sir

[@yours_ballu]

Agreed

[@shekhartripathi4300]

Video starts after 27:00 minutes

[@OmParkash-yw2pr]

Video start at 4:03

[@anjanidevi5947]

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[@waruu7568]

Is it still relevant ??

[@madanmohandas2207]

Only the conceptual part

[@1050edge]

Sir pls English me title dijiye. khuch bhi samaj me nahi aya raha ahai or search karunga to bhi nahi ayega...

[@harshchauhan6299]

Ye sab hamare desh ke illiterate MPs ko kaise samaj me aya hoga?aur unhone gst pass kar dia
Incredible India!

[@chinnababu8673]

english plzzz sir

[@raghavmehta1153]

Kuttaa Video Haii bekarr Confusion

[@nikhilrajpoot5402]

tatti kar di master ne

[@saurabhsingh-ow7ue]

thank you sir

[@tanwarmech]

Thank u sir

[@SKYhigh-uk1qt]

THANK U SIR

[@officialshobhit]

very nice

[@improvequality]

Thank you sir