What is Composition Scheme (2021) Under GST || GST Composition Scheme क्या है? || Tax Effects
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- Опубликовано: 13 фев 2021
- The Composition levy scheme is a very simple, hassle-free compliance
scheme for small taxpayers. It is a voluntary and optional scheme.
GST Composition Scheme is an option available to a registered taxpayer who needs to inform the tax authorities of his intention to be registered under the scheme.
In case the registered taxpayer fails to comply with the same he would be treated as a normal taxpayer and administered accordingly.
Such an option needs to be for all businesses of the taxpayers ie both for goods as well as services.
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#TaxEffects #GSTCompositionScheme #CompositionScheme #GST
Wow. What an explanation! I am a CA final student and I m impressed that you covered 100% composition scheme in really simple language. ❤😇🙏
which attempt I'm also ca final student
I m an accountant
@@rayyangadera5529 i am also a junior accountant can you help me if i need some information? 🙂🙂please
@@remixrecords1734 sure
Hi
I have never heard such calm , peaceful explanation of such a hectic topic 😮💨
Thanks sir
Really in 15 mnts all composition scheme covered. 👍👍👍👍👍👍🙏🙏🙏
Most comprehensive explaination of composition scheme I have ever come across...all long pending doubts cleared..most importantly why businesses do not opt for composition scheme... thanks a lot Sir
Agar tobacco products ki dealer. / trading ya supply karni ho to kya tab composition schem. Le sakte hain kya?
Sir Your way of Explanation is great ❤️❤️❤️❤️ 🙏🙏🙏
Hi,
Very nicely explained. Can u please clarify as to if a Post office agent earning commission on providing post office schemes etc. can opt for composition scheme?
Is self invoicing same if Registered person buys goods from URP under composition scheme.. Or will RP issue BILL OF SUPPLY
Such an amazing wayvto explain the whole concepts
What happens to the tax if a regular dealer(taxable) buys from composition dealer?
Since composition dealer does not collect tax and therefore regular dealer won't get itc, so does this sale is tax-free?
Wow sir, it's extreme level explanation Thanku so much 🥰
Very good explanation meri company ke liye me composition scheme lene ka soch rahi thi but bahut sare aap ne jo point bataye thx
Sir ek query hai pls ye bataye ki jo purchase rahegi wo registrated portion se ho ya unregistered se pls..agar unregistered se ho to kya RCM dena padega 🙏
What a superb xplanation..!!❤️
Sir, composition scheme me kitna turnover hone par annual return karna padhta hay?
Bhaiya yeh jo precondition hai like ...
No inter state supply of good ya supply of service other than restrau service..toh yeh criteria prev yr ke liae check krna hai jab mera turnover is less than 1.5cr hai?? Or i can be engaged inter state outward supply of good for prev yr but current mein cuz i want to opt compo so im not making any inter state outward supply of gooods...toh aesa chalega?
Sir c.a ya accountant ne kitne gst amount jama Kiya hey kaise check kare is per koe video banye.
Fantastic teaching or explanation brother !!!!!
What is procedure to convert regular scheme to composition scheme?
For services ,threshold limit is 50 lakh in composition scheme.it is ok.but I want to ask that
Is there also limit for any special states for services ,like goods limit 1.5 cr & 75 lakh.?
Please tell me
Thank you so much , it was nicely explained by you 🙏
Very Excellent Info Sir....Thank You
What happens to closing stock if we switch from regular to composition do we have to pay only 1% on total sales
My newly incorporated business is related to Export of Art items whose turnover is currently nil. Can I opt for Composition Scheme in GST?
Best explanation ever you did a justice with the explanation of this topic god job
Very nice vedio I hv never seen on RUclips. Detail & clear explanation 👌
Thanks a lot 😊
Could you please tell me if composition dealer is purchased goods from unregistered dealer... composition dealer will be liable to pay gst under reverse charge
Such a simple explanation!!✨
Emarkerting me same state me supply kr sakte hai Kya
Kya composition scheme me purchase dikhana compulsory hai pls reply sir
The facility to opt-in composition levy (Form GST CMP-02) for financial year 2021-22 is disabled for now ... Likha hua aa raha hain, aab iska kya process hoga ?
Sir agr hum composition number se sale kr rhe hai ecom pr then kya problems ho skti hai ? Aur kitna chance hai issue hone ka?
Great explained about Composition. Thank you.
100% issue clear . Thanks for your support
Sir jaise koi chiz pe gst 0 percent hai toh uska bhi composition gst fill Krna parega
Very nice beautiful explanation...wonderfully covered points in a systematic manner ...thnks a lot sir ....doubts cleared ...alright thnku ❤️👍👍👍.....
THANKSSS A LOTTTTT.....THIS IS SO CLEAR NOWWWWWW.THANKYOIUUUUUUU!!!!!!!!!1
Your voice is awesome and teaching technique.
Wow Bhaiya. 100% composition scheme covered in 10 minutes. 👏👏🔥🔥
Thanks :)
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?
Sir
Confectionery store ki turnover 30lakh h
Iske saath restaurant service limit kya rahegi
Threshold limit of service providers and other than services???
Bahut hi achhe se btaya aapne Sir
Sirji composition pe urd pur kar ne per rcm ka tax u/s9(4)me rcm ka tax lag ta he
Very well explained 🙏 thankyou sooo much😄
Kamal hy sir.greatest clarity
Loved the video
If u can add a video on normal scheme and over all gst concept it would be great
Nice sir Composition scheme fully revised ho gaye 👍
Aap CA H
@@imroseahmed252 CA kar rhi hu
Unregister dealer se purchase karsakte hain kya ? In composition cheme
💯🙌I saved this video a month ago while studying and I have my exam tomorrow and this is the best concise revision of a topic
Good Luck for your exams dear! 💫✌😊
Bohot mast video, and hugely informative 👍
Sir
Manufacturer
Total turnover 40lakh
Composition me kitna tax Dena hoga
Aur kya iske alwa yearly income par bhi tax Dena hoga
If turnover is 1.5 cr then manufacturers have to pay gst of 15k only not as per the rate of gst in slabs for goods??
Thank you sir, the video was very helpful! :)
Agr humare pass compo nmbr pehle ho jo ki local sell krte rehe but ab isi nmbr se ecom pr kr rhe hai to future mae prblm ho skta hai kya? Ya running hi rkhe? Coz hum jo product sale kr rhe hai usko purchase krne pr hume GST bill ni milta local handmade items hai- thats y so can we continue??
Jiski turnover 10-12 lakh annual hai..kya usko gst number lena compulsory hai ???
Sir cloth shop wale composition GST scheme ka benifits le sakte h
Composition dealer not eligible to collect tax, to ek composition dealer kya bill banaya ga? Specially vehicle ke through saman veg ne ta time kya karega?
Composition schem m gst purchasing jaruri hai kya?
Gold pr composition mil skti h kya
Sir composition scheme me purchase bill ki requirements hoti h kya
I understood each and every word.
Thank you sir
Very good explanation.... Thank you so much ❤️
Thanks for explaining of Composition scheme
Amnesty Scheme 2021 applicable for composition delear?
Thankyou sir😊 this is really informative nd helpful
Bina pursase k sell kr sakate h.. composition gst me
Sir yadi koi service or trade dono hai to uski limit
I don't think anyone can explain better than him...
What about the gst tax rate of a cloth shop under composition scheme... ???
Very Good Explaination Brother 👍🏻
Imports are covered under the GST?
KIYA BUILDING MATERIAL KA BUISNESS COMPOSISSION ME KAR SAKTE HAI
Bro, no doubt this is a good video but what if the restaurant manager refuses to remove gst on the bill after telling him that he is a composition payer, that time what to do?
Mera composition hai..aur main other state se medicine leta hun..way mujhse 5,12,18 type ke tax lete hain...kya mujhe dena hi padega??
Next question is...kya mujhe quaterly gst return file karna zaruri hai??
Very informative, thank bro !!
Superb explanation, I think you can provide online classes with such quality explanation 👍👌👌
Thank you so much! 😇🤩
Seriously! 😊😊
Bahot badhiya se bataya apne
Very well explained .. thank you 😀😀
sir mi manufactruning krna chta hoon sirf local area me product sell krna hai no export sirf delhi se raw matrial mangwana hai turnover bi 4,to 6 lk .suggeted me sir kon se line hai normal or copmositions
Hello big bro , it's really nice , kal mera bcom final year ka xam h , apne choti si vedio me puri composition scheme smjha diya , majaa aa gya bro , it's really good 🎉❤
Thanks and All the best dear 😇🙏
if one person is providing services for taxation and turnover below 20 lakh can he opt under composition scheme.....?
Very much useful bro...Tqqqqewww 🥰
Best video
I really get understand
Thanks you 😊
Thanks for appreciation. Means a lot! ❤️
amazzing explaination ...👍🏻
Agr registered seller ka 20/40lakh se km turnover h toh kya woh tax collect kr skta h?
Sir GST composition wale apna bill format kaisa banwayen
Very well explained.....👍👍👍👍 Thanks bro
Amazing explained 🙏Thanku so much sir
Most welcome 😊🙏
Thanks for Easily explain
Bhai...kya kahoon apko you are unique ♥️
Very good explanation, thanks a lot
Amazingly explained! 🙏👍
Thanks :)
Sir 10(2a) me 50 lakh limit hai and 10(2a) ke Andar Kon Kon si service hoti hai plz bataye
OPTICAL shop ke liye kar sakte hai
Thank you sir....For this video🙏🙏🙏
Excellent explanation
Composition scheme mein caution money bhara jata hai ya nhi. Please confirm
Thx brother very nice explaination
I am Water Bottles Manufacturer New Business start Up which Scheme I take Regular or Composition kindly suggest me