GST Bill Explained | Summary, Mechanism, History, Architect, GST Council, Structure
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- Опубликовано: 29 авг 2024
- Good and services tax GST India Rate Structure are also Explained.
GST Bill or Goods and Services Tax will be implemented in India on 1st July 2017. This Video Explains - What is GST, History of GST, GST Mechanism / model, who is the architect of GST, GST Full Form, Its Rate Structure, and Advantage of GST, GST for competitive exams (UPSC / IAS / SSC CGL / CDS / NDA / Bank PO)
TIME STAMP
Tax structure in India - 2:08
Concerned Authority - 3:00
History of GST and its architect - 4:23
Explaining the GST Model / Mechanism - 6:03
GST Council - 10:34
GST Tax Slabs - 11:37
This new Tax Structure is the collection of all the previous types of Tax like Sale Tax, VAT, Entertainment Tax, Service Tax, and Income Tax etc.
Goods and Services Tax is of three types CGST, SGST, and IGST.
According to economist GST will not affect Governments profit that much but increase Indian Economy by 4.2%.
7 Tax Slabs are formed for GST Bill in India Nil, 0.25%, 3%, 5%, 12%, 18%, and 28%
Nil Tax Slab Contains - Fresh Meat, Eggs, Milk, Curd, Natural Honey, Fruits, Vegitables, Bread, Prashad, Salt, Bindi, Sindoor, Books, Paper, Newspaper, & Hotels with price less than Rs 1,000.
5% Tax Slab - Packed Food Items, Clothes below Rs 1,000 , Footwear below Rs 500, Tea, Coffee, Pizza, Kerosene, Coal, Medicines, Transport Service like Railway and Air Transport.
12% Tax Slab - Clothes above Rs 1,000 , Butter, Cheese, Dry Fruits(Packed), Ayurvedic Medicines, Fruit Juice, Agarbatti, Cell Phones and Business Class Air Tickets.
18% Tax Slab - Footwear above Rs 500, Biscuits, Cakes, Mineral Water, Camera and Other Electronics Product, and Telecom Services.
28% Tax Slab - Alcohol, Cigarettes, Pan Masala, Paint, Deo and Big Machines.
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I finally understood GST after 3 yrs. Thank you :)
Please be updated. Many things has changed now
Mine 5 year..
@@adrashnd2264 so gye abhi
Sir you've seriously taken the teaching system to another level. Thank you sir. we'll be waiting for the next video.
Really true
Sir i hv no words to express my gratitude. Unparallel clarity in evrything.I m highly indebted of yor efforts.
Finally After ONE YEAR of GST. I came to know the benefits, structure, members of GST . OMG...!! Thank u sir :) You did a great job sir :)
I was trying to understand gst all about for last 2 week, specially about what actually cascading effect....inspite more than 50 videoes on RUclips it was out of my reach....now its deep breath of relax aftr watching your video. ....धन्यवाद ।।
Finally understood gst after 4 yrs. Thank u sir.
The explanation about the cascading effect was particularly brilliant. Thank you!
Did you understand if cascading effect has gone, why have the prices doubled..please explain I have an exam..
Got clarity on GST. Sir, I have no words for appreciation of your lectures. You are God-gifted.
thanQ
thanQ
Best explanation of the gst mechanism even a layman can understand. Thank you so much sir. Best teacher.
There is no such a single instructor in whole youtube close to Amit sir..Content delivery/details /Exaplanation tit bit just epic
Sir, your way of explaining things is soo lucid and crystal clear... I feel very lucky to learn from you the things which otherwise seemed too complicated to me till now.. Thank you sir.. Keep this good work going!! ❤️
Sir, you really understood every concept. Congrats. I understand easily your explanation. Well done Sir👌👌
Really sir you are a Demi god for me
What a teaching skill you have
Best explanation ever . And thnks for the English explanation .means alot. Much appreciated 😊
Cant thank u enuf sir . .. ur videos r the only one's whch feels like seeing again n again... just perfect sir... thank u soo much ❤concepts just fixes in head... sir pls make video on polity too
I am deeply regretting that why i have not known you earlier,my future would be more brighter upto now
Thank you sir for dumbing it down…exceptional teacher
Best explanation for GST. Even school kids can able to understand. Only you can make education a doodle. Thank you
ur voice make us to understand easily
the best explanation on GST so far. Thank you.
THE best video on gst . Glad I found this after a long pursuit of a explanation
Sir Please make videos on Complete Indian Polity which will be very useful for learning especially through your way of teaching. U r making everything a piece of cake through your lectures😃😃😃
your videos are very helpful in upsc preparation, Thank you so much ! keep going...
Superp Amit Sir..I hope if you would have my teacher in my childhood
Sir you gave me clear clarity about GST introduction in India..... Thank you so much sir. Your language is so professional.
I always think how complicated this topic is? But you explained it at another level you explained it so perfectly 💯
this is the best video of GST.. whenever I get doubts about GST I watch this video..
Thanks Bro
Thank you so much sir🙏 made economics an interesting subject!
U explain in simple manner.
sir u have made learning so easy even though every bit of the topic is present in the vedio still you explain so much in just 1 simple go...thnk u so much
The calculations u shown was amazing sir .. I am excited for ur new video
very simple, clear . THANK YOU
Huge thank you to sir. Please do keep making such exhaustive yet concise videos on topics important regarding upsc cse current affairs
Awesome job sir and you done great effort to easy understanding of GST TOPIC.
THANK U SO MUCH SIR
NICE JOB..
Superb explaination sir...cleared all doubts
No Words To Describe The Way U Teach.
I love the way you are teaching
Excellent explaination with excellent Voice ... Awesome
Really .. Awesome..
Thanks
I never see the teaching like u❤❤ easily understanding tnqqqqqq sir
You are so good. It will be easy to understand every topic by watching your videos.
Sir Hatts of to your teaching style... Our system needs a teaching pattern like this for long term remembering and conceptual clarity
Thank you so much
Very nice presentation ! Thank you very much.
such an impressive voice and command over subjects.... really amazing
Your teaching level is beyond all the levels 🙏
Appreciated. Why don't you start upsc coaching (online) ? Everyone taking coaching from you will definitely crack the exam😅
ive watched 2 min of video seriousliy ive becaome ur fan i wanna tell u ur a rockstar u always will be
crystal clear.. gbu sir live 2000 years.. and serve the nation😊
Sir, u re doing a great job in terms of online teaching is concerned.I m a big fan of ur videos.Its really valuable. Great job sir. I like the way u present the content and link up all as well.
Thank you very much sir. Now I have a good vision about GST after some years of implementation.
Beautifully explained.
thank you sir for the video very easily understandable
Thank you for clear cut explanation of gst in short and clear way.
Sir GST is also applicable in J&k UT .... It was made applicable by J&k assembly under a special law.... Soon after few days of application
Sir .You are geek in easening things.....massive respect 😇
Sir your teaching helps us aaaa loooott thank you so much sir .
I m here with a request sir plz also make an explanatory video on input tax credit or return process sir plz🙏🙏
Finally I know what is GST
sir u r very hardworking person... thank you for every vedio.. pin point
Your explanation is very good Amit. Normally if GST is implemented the old taxes should be abolished and the new GST should subsume all the taxes. But ppl have implemented GST on the price that we were paying already with all taxes included..For ex: if movie ticket is 120Rs it should include all taxes but the new price after GST is 154Rs..28% tax directly levied on old price..how is this acceptable? This is like tax on tax.. We do not find any benefit from this instead it has become a disaster!
Ur explanation is really awesome..... Live long sir
Sir your teaching gives us knowledge plus satisfaction .....thankyou so much...:)
really awesome fully stuffed info about each and every sec. u make me to understand about GST sir thsnks
sir you cover all the current topics...thank you very much to make easier to know in detail about the current topics..it will be very helpful for competitive exams and to expand gk..I am waiting for your next video...
Crisp n clear and moreover kept it simple explanation Sirji.
Great voice, great presentation 👍
Thank you so much sir....🙏🏻😊🙏🏻
Best teacher I have ever heard
Amazing video . Thanks a lot sir
the flow of narration is worth listening with interesting chronological n flow chart usage.. thanks 🌺
Sir! your work is excellent .. nicely explained GST , that too keeping the duration short.
Really Awesome explanation sir jee. Now got it.
Amazing...
Awesome lucid explanation... I ever seen... Thnk you so much sir..
Best explanation thank you ....sir
very beautifully explained in 12: 35 minutes
u made it spontaneous.....thank u so much Sir
Thank you so much sir
Sir you really explain every topic in detail and provide deep insight. Thanks ! It would be great if you share pdfs if possible. Sir also I am waiting to see your NCERT series discussion on economics. Many thanks.
Can't thank you enough for this excellent video!!! ❤
Awesome video thank u now understood the meaning of GST.. Thank you
I love to see your teaching 🙏👍❤️
Thankyou Sir! Great help!
Respected sir, plz. Make a video on how you achieve such well command in English and present it so effectively?
Sir but cascading effect is already eliminated by buy introduction of VAT ???
please current affairs videos sir.. it will be great if you cover the current affair on monthly basis.. kindly consider this Sir
Man you are awesome
Really awesum
Superbly explained ever....
Simply explained
Thank you so much
Beautifully explained👍👍👍
very nice explained video. thanks sir
Thankyou sir , your way of explanation was good...,..............
Super explanation Sir...
Thank you so much for the video sir
I was eagerly waiting for this video
Thanx sir for such a wonderful explanation.....
I just got notification ,thank you sir
No doubt... Always amazing...
Bravo 👏🏼 ! I now understand this
Dere is a slight mistake in d calculation of new gst system wen he subtract percentage value of as d actual value but overall d concept is clear. I like his video
Fantastic thank you
The way you explain it sir....🙏
Really very nice explanation sir I'm just loved it 😍, I can't say more than that. Please help upsc apsirants by making videos on upsc cse subjects...thanks a lot and hoping positive reply from you sir