What is Composition Scheme under GST I Detailed analysis of Composition Scheme

In this video you will learn about :
1. What is Composition Scheme?
2. Why is there a need of Composition Scheme?
3. What is turnover limit to opt for this scheme.
4. At what rate GST is charged under this scheme?
5. What are the forms and returns to be filed by a composition dealer?
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[@gauravsingh-kc4xp]

Legends are watching this before exam 🤣

[@Sahil-kx2ko]

2 bajeswi exam hai

[@zaynwolfhard5597]

Truee 😂 tommorow is mine exam

[@sapnaraghuvanshi7701]

😂😂😂😂

[@shivaniverma5221]

Damnn Truee💯 kl Mera exam hai😬😤

[@deveshsen4793]

Bhai bhai,😖😖😅😅😅😅🌹

[@dhruvdiwan2682]

I am CS executive student, and watching this video for revision purpose.
You explained it very well in a very reasonable time, Thankyou Mam 😊😊

[@voxcovacademy6945]

Thankyou soo much

[@narottamtiwari9855]

🎉excellent ma'am, even being a GST officer I may not have explained it so well. Thanku

[@voxcovacademy6945]

Thankyou soo much

[@v.s.productionhouse950]

Superbbb madam....bahut bahut bahut badia topic clear krwaya aap ne....thanx you so so so so so much madam.

[@voxcovacademy6945]

Welcome

[@statuskatreasure2717]

Tomorrow I have exam and watching this video now 😄

[@voxcovacademy6945]

Good luck for your exam

[@narayananpotty8138]

Hi Mam,
This video is fantastic as your earlier videos. Even though I know English only, your presentation style, charts, and other displays impart the concept easily and quickly.

[@voxcovacademy6945]

Thanks a lot..pls give time coming with English version of all videos

[@vivekgupta5153]

What will be the composition rate in case of cake shops without seating arrangement(Can't consume goods in premises). will it be 1%(Manufacturer) or 5%(Restauraunt)?

[@HarpreetKaur-rx7fi]

thank you mam muje kisi ka bi smj ni or apka videodekh k ik bar ma smj agya

[@voxcovacademy6945]

Welcome

[@2112pradeep]

I need your suggestion regarding a doubt.
My one client got registered in GST on 01-08-2019 under a Composition scheme by someone and selected option "Any other supplier eligible for composition levy" during GST registration.
He is supplying Goods as well as providing services to Gram Panchayat,Nagar Palika,Government offices etc.
Now my doubt is whether he should deposit Tax at Rate of 6% or 1% & 6%.
1. If he is supplying only Goods to Government Agencies then what should be the tax rate?
2. If he is supplying only Services to Government Agencies then what should be the tax rate?
3. If he is providing Services and also supplying goods(Mixed Supply) than what should be that Tax rate?
Please help me with the above doubts.

[@sathishkumaar1418]

Can gold jewellery opt for composition scheme madam? What is reverse charge mechanism and how it works for jewellers when they buy gold by paying 3% GST?

[@sujitdebnath537]

I subscribed your channel, you explained nicely, I have one question, if a footwear Shop or medicine Shop availed composition scheme do they sell products on MRP or they need to reduce it's actual GST (18% exp) from MRP and then sell the product to customer

[@santoshpatra6200]

MAM really u explaining process is awesome, anyone can understand easily.

[@voxcovacademy6945]

Thanks

[@mehul4490]

Thank you so much mam. And whole team of voxcov academy to explain us in very good and smooth way. It is very helpful for me. Once again thank you so much.❤️❤️❤️❤️❤️

[@voxcovacademy6945]

You are welcome

[@lol-fh2gw]

7:09 as per section 10(2A)we can take all other services then why here it is not taken?

[@belindapinto1443]

Mam can a company which is undertaking Maintenance of flats and availed of the GST composite scheme charge 18% GST from its customers.

[@shohamdeb7133]

How much gst need to be paid for trading businesses with 50 lakh turnover in composition scheme in normal states? Is first 40 lakh exempted from gst? So the trader need to pay 1% gst only on 10 lakh?

[@dannycbe949]

Is composition scheme available to small builders doing construction contract with turnover less than 1 crore.
(No sale of land involved , only construction)

[@mp.mahendrayadav]

Ma'am ,manufacturers ko 1% tax pay Karna hota hai turnover ka ya 2%
please

[@shambhushaw4013]

Mam alcholic restaurent service provider ka limit kya hoga and rate kya hoga

[@Creative_soul_mind]

Mam
40lakh total turnover in manufacturing
Composition me kitna tax Dena hoga
Aur Kya yearly income per bhi tax Dena hoga income tax slab ke hisaab se

[@RamanSingh-jb7ty]

Humari electricals ki shop h..... Hum usme trading bhi kar rhy h ..... Aur motor winding ka bhi kam h so hum composition schem kr skty h kya ....... Agar kr skty h toh tax rate kya hoga?

[@vikramjitsingh5909]

Mam agar manufactur service deta hai to kitne percent tax dena hai, service provider par

[@systemtech2136]

Mam composition wale out of state sale nhi kar sakte but kya vo out of state purchase kar saket h?
Please reply iske regarding koi video ya clarification nhi h RUclips par

[@sidrewale804]

Mam Jewelleries case main 1% Trading tax भरणा पडेगा But Labour's charge कितने Rate पर dena पडेगा? TOTAL TOURNOVER KA 10% कितना tax Rate होगा?

[@AmanSinghRajput-oi5hu]

i love the way of explanation easy and simple

[@voxcovacademy6945]

Thanku soo much

[@vijaypathak5794]

Tours & Travels agent can avail tis scheme ?

[@pramodraut3872]

Very nice information share by you C.A. mam

[@voxcovacademy6945]

Thanks

[@nainasrohiya8477]

Thanks mam ur explanation is excellent 👍👍

[@voxcovacademy6945]

Welcome

[@शिवनंदन-ष4द]

मस्त🙏🙏🙏

[@mrinalmajumder9500]

Plz give me answer please..... Sitaram is running a consulting firm and also a readymade garment show room, registered in same PAN.
Turnover of the showroom is ` 60 lakh and receipt of the consultancy firm is ` 12 Lakh in the preceding financial
year.
You are required to answer the following:
a) Is Mr. Sitaram eligible for Composition Scheme?

[@siddeshmore2486]

Good presentation & well explained concepts.

[@voxcovacademy6945]

Thank you soo much

[@smarttallyclasses1068]

Diii regular pe bhi banaeye

[@mp.mahendrayadav]

Thanks ♥️♥️🙏

[@shyamaldolai5633]

Ma'am hotel k liye kitna % GST or turnover limit kitni hai??

[@muditsachdeva6279]

THANKS FOR THE VIDEO,
SO MUCH OF DETAILS IN SUCH A SHORT SPAN REALLY COMMENDABLE.
KEEP IT UP MAM AND PROVIDE GREAT VIDEO IN FUTURE ALSO

[@voxcovacademy6945]

Thankuu very much..yes new videos coming soon

[@Akbar-be7eu]

Hum composition schemes ka benefits retailers ko ni ho skta ??

[@appannadhoni9859]

Good 👌👌👌👌

[@gungunrajput7527]

Well explain

[@sanghk9564]

Excellent information given thank mam

[@voxcovacademy6945]

Welcome

[@vinbat1990]

Great explanation..I think GSTR-9a is disabled now.Only GSTR-4 and CMP-08 is to be filed bu composition dealer..

[@voxcovacademy6945]

Right

[@akashhela8521]

Excellent work Mam.👍👍👍👍👍👍👍👍

[@voxcovacademy6945]

Thankyou soo much

[@prashantkondvilkar6126]

If I am providing service within the state with business of Mutual Fund Distributor and Inter-state providing service with business Rent Income. Shall I opt this composition Scheme under this criteria?

[@voxcovacademy6945]

No

[@priyank_sahu]

Nice explanation ❤ mam thank you 🥰

[@voxcovacademy6945]

Welcome

[@HappyLife-km]

Dear Madam 🙏,
Please bataiye Composition scheme details on real estate/Builders plz 🙏🙏🙏

[@princesingh-we3ff]

Ma’am i am ruining a printings press in which print mostly visiting cards banner hoarding can i opt for composition scheme and what would be the rate of tax pizzzz would be obliged if got your reply

[@voxcovacademy6945]

1%

[@princesingh-we3ff]

🙏🙏

[@sejumaurya99]

Plz add some wtitten definations and meaning

[@basantjoshi491]

Thank you Ma'am.

[@voxcovacademy6945]

Welcome

[@thepodum.7203]

Best explained 🔥🙏

[@voxcovacademy6945]

Thanks

[@tapashwinisahoo8733]

Yes

[@manojmonujain1981]

Very very useful video

[@voxcovacademy6945]

Thanks

[@vikramjitsingh5909]

Very nice explained Mam

[@voxcovacademy6945]

Thanks

[@janvinarang7105]

👌👌

[@voxcovacademy6945]

Thankuuu

[@VivekSharma-fy9mb]

Helpfull video 💕

[@voxcovacademy6945]

Thanks

[@vikramjitsingh5909]

Bhut video dehke composition par yeh video sabse accha hai

[@voxcovacademy6945]

Thankyou

[@vikramjitsingh5909]

@@voxcovacademy6945 welcome

[@ahmadtahaa6883]

Thank you ma'am

[@voxcovacademy6945]

Welcome

[@understandthewordsfeelthes3036]

👍

[@premjadhav1771]

❤️❤️❤️

[@aakashagrawal7009]

If last year turnover was more than 2 cr but by mistake we selected composition scheme in current year now i received notice. Now what i do madam?

[@voxcovacademy6945]

Comply the notice

[@mohanrajput6823]

Excellent teaching madam

[@voxcovacademy6945]

Thankyou

[@RPSSTARNEWSKOLHARPRTINIDHI]

Turnover 1.90 cr hota he to kay kare

[@ravikhanpuriya1509]

Mam composition interstate sale kyu nai kar sakta ager usne sale kardi to kya hoga

[@voxcovacademy6945]

He is not allowed to sell interstate

[@nahlaazeez3565]

Is there any Amenment in 2024

[@optimistic_akshay]

Thank you mam

[@voxcovacademy6945]

Welcome

[@bangarichowdary2724]

Superrrrr

[@voxcovacademy6945]

Thanks

[@RamanSingh-jb7ty]

Composition schem m gst purchasing jaruri h kya?

[@voxcovacademy6945]

No

[@shrikantpise8436]

Mam kya composition dealer interstate purchase kar sakta he ya nhi

[@voxcovacademy6945]

Yes

[@shrikantpise8436]

@@voxcovacademy6945 thanks mam a lot of help ke liye

[@voxcovacademy6945]

Welcome

[@abhishekagarwal1487]

Yeh jo dobara dashboard pe Jana zarori h

[@sureshkumarsonkar6982]

nice Video madam

[@voxcovacademy6945]

Thanks

[@triptpalkaur1058]

Dear mam i have a question please advice ..
I pay 18 precent tex on media which i purchage for flex printing but i dont get any single precent of gst from customers of local market , how can i get away from this extra burden , cqn i take benifit of composition tax scheme?? I m okay as requirement like turnover and i work in my state only ... Plz reply.

[@voxcovacademy6945]

Pls discuss on call

[@triptpalkaur1058]

@@voxcovacademy6945 number ??

[@voxcovacademy6945]

On screen

[@sandeshvyavahare6549]

Ultra legend watch this video before interview

[@voxcovacademy6945]

Thanks

[@tilakjat6493]

Ultra legend are watching this few hours before exam🤣🤣

[@bonnypatra6092]

Kon kon mere jese exam k pehele din vedio dekhne aye ho like kr😢😅

[@mryash8523]

Before 45 min

[@meershakeeb1633]

Watching 1 hour after exam

[@vaibhavaganiga5805]

Mam plz explain in English

[@voxcovacademy6945]

Very soon

[@narmdeshwaracharya8058]

किसी एक भाषा में समझाएं
हिन्दी या अंग्रेजी तो अच्छा लगेगा।

[@shikhadubey4978]

Boring class

[@YashSingh-hk4ip]

Pagal hai tu