GST! GST!! GST!!! - What is GST ? Why People are scared ?

GST will be one of the biggest taxation reforms to take place in India once the Bill gets the official green signal. The basic idea is to create a single, cooperative and undivided Indian market to make the economy stronger and powerful. The GST will make a significant breakthrough paving way for an all-inclusive indirect tax reform in the country.
For more info: gst.ictacademy.in/

[@jitendra89]

absolutely wonderful explanation of gst across the spectrum of operation with simple example.

[@sasharay9454]

such an awesome explanation. thankyou. :)

[@vinaythacker]

THANK YOU. IT IS EXCELLENT.

[@KaniDevLok]

One of the extraordinary seminar. Greatly explained, clear speech. Thanks Mr. Sathyakumar.

[@preetijha3501]

Very nicely explained....

[@satyendramandal7307]

excellent explanation

[@ramkumark5440]

good comprehensive detailing about GST.

[@vijayamcyserviceapartments7780]

very clear way of explaining the new gst.

[@marysharlin2276]

hi sir, really i admire ur way of teaching sir, really it s very use full for me. thanks of ur information sir.

[@saicharanreddy6703]

sir whether service tax is completely kept by States or divided between center and States

[@seshadriv8672]

cental gives to state all compensation what is common man s benefit ? pl tell

[@kalpeshsuryawanshi9417]

the most educative video on GST ......superlike you sir

[@chaitanyakumarkamatam9681]

I want to register under gst for proclaimers .I don't no its taxable r not (if it is taxable what code should be mention in invoice ?

[@akshaykarantha6367]

Excellent sir, i loved the speech... Thank you for the information...

[@Shashimall]

students doing animation course will hv to pay GST or not on their fees ?

[@soumyachakraborty2271]

i am going to launch a new business... i have not done any vat/tin/tan reg.. now gst will be implemented frm 1st of july... so ami i need to register only gst ... plz suggest

[@vivekkumar-mg8dx]

really sir u r just awesome nd ur explainations ws too good n u clear my total doubt opn gst

[@jitendraaggrawal8984]

Sir,a provisional store having a turnover of 10-15 lakh would be need registration under GST???

[@paulshanmugam5544]

Outstanding Explanation. New innovative name for GST (Good smooth Transition) Thank you sir.

[@TheCaju]

Builder is asking for 12% GST in outstanding amount (will be funded by bank as loan) after 1 july.Even now 88 percent work done already. Registration of propert has been done in Nov2016. Already paid 4.5% ST and 1%VAT whole amount. So now have to pay (12-4.5-1)% on outstanding amount. Is this leagal to pay? I have heard builder should pass on ITC(another term for people like me who don't understand it). How to challenge builder this? Is there any specific gst component defined? Please guide in good direction on this as per customer point of view?

[@jagdishkarwal1054]

Dear Sir, I shall be very thankful if you send me the presentation on GST in Hindi. Why I am asking for the same the reason is that I am an CSC in Distt. Mohali of Punjab and people understand Punjabi/Hindi. This presentation you have prepared is very good tool for educating the people to create awareness and features of GST in local language. Looking forward for the same.

[@laxmanfun95]

After implementation of GST the manufacturer state will get any tax or not if not Central govt compensate those states or not??could you pls explain....! and tq for good session

[@snehaboganadham444]

Awesome

[@krishantewari2376]

Excellent presentation. He explained lucidly and with clarity.

[@leosantu84]

this is very good explanation of GST.

[@comedyvideos6652]

When I buy petrol through nationalized bank debit card there is a charge of 11.50INR, where in through cash will save the 11.50 INR each time. How it will be digitized? How can we support Digital India?

[@mamatha.s.mamatha7664]

Thanks for the information, Very nicely explained....

[@balumuri.jyothi]

Sir very nicely talking to u sir, thanks, GST letest tax.

[@shlokdevmurari4333]

if sales below 200000/- for year and gst no is required for inter state sales

[@souvikbanerjee6095]

knowledgeable session

[@meenareddy5396]

great explanation... very happy to see this..tq sir

[@srijayansreedharan529]

Excellent explanation, in a simple, and understandable way...

[@aravindsrinivasan2295]

Wonderful!

[@thegansp]

awesome explanation with in depth knowledge ... Thank you

[@vkshivakumar584]

impressive

[@nikhiljain8850]

i admire your work. very well explained

[@vkshivakumar584]

impressive well explained congragulations

[@sudhapriyac3205]

Clear cut Explanation.thank you sir.

[@jitenderrathee4771]

tremendously explained and an inspirational speech for beginners ..... ,loves to see you

[@kalyanvishwakarma937]

Well done Mr Satya

[@sreebindu9117]

Very good explanation

[@sreebindu9117]

Good information

[@maheshhm7189]

Hi Satya Kumar, thanks for the wonderful presentation. Please discuss about the issues that will crop up when GST is actually implemented and how it has to be solved. The software from Govt is not released yet. Once released please guide how to upload the details Thanks Mahesh

[@kirushnashirre6791]

very good session sir.. very informative.. hoping for better-best INDIA .what about the impact of GST on middle class??

[@yuvanraj50]

HI Can we claim ITC in GST regime on CST purchase against C-Form @ 2% or without C-Form on stock held on appointed day?

[@shivdiya8143]

A Yuvanraj No since no input credit on Interstate Purchase in existing law u cannot take credit

[@yuvanraj50]

Thank a lot .......... This is yuvaraj before two days i meet you in road i also asked some doubts. i happy to meet you again thank a lot

[@RahulshahOxfordTech]

wow

[@AshrafAli-NA]

(57.12) Inter-State means not within the state

[@aswinshankar5542]

good explanation, but if doubt asking guy in the first chair turned it after video off time then we can get more speech from sathya sir....first pls allow speaker to finish lecture...

[@vigneshsundar_CA]

Few wrong Info's. but otherwise it's good presentation on positive side of GST. But negative sides are not touched

[@lambdatraveller4316]

can you please share the presentation ?

[@lambdatraveller4316]

it will be helpful for everyone

[@rocky9rules]

sir, our views go cross. when one side in our lecture says govt try to reach poor by means of schemes. on other side rich pay on luxary tax will shift too poor. but does it go exact channel. already one great leader says hardly 1% able to travel from top to bottom.

[@StChaedd]

very nice represntation

[@Ynotme]

it was an beautiful speech with your comedy and information. but i have a doubt sir. TN is said to be the second highest tax collector in India and if the money is given to central govt(tax money) then who will pay the interest got on the money over a period as the central govt pays the money after some duration. the ammenment have said that the loss would be incurred by the central but they didnt mention the time period??????

[@msraju3614]

use full message

[@misshc4433]

Biggest Change that GST has made to India is - More Freelancing & Employment opportunities for CA's or CA like Experts with monthly fixed income due to regular customers filing GST returns thrice... Congratulations... !!! Kindly start charging lesser than before... It will be an inevitable expense, which the Central Govt should have paid us as compensation!! KINDLY RESOLVE THE COMPLICATED ISSUES OF FILING GSTR THRICE PER MONTH

[@savygaur]

I see a gentleman from Kerala. I click

[@daphnydev1215]

Do not put too much chamcha to Politicians, if you really want to eradicate Black Momey, introduce JAN LOKPAL BILL.

[@jssfams5678]

Daphny Dev better that all mandirs khajana come in the market and levy tax n irradicate black money...bcos indians black money falls in mandir who run by trustees or his owner...

[@beninvijay]

Only a proper system through digitalization can eradicate the black money not Jan lokpal

[@vivekjha8642]

kaam chor ko pasand nahi aayega ye vedio pappu ke pidi ko or v nahi

[@vineethasatishjossyabhatla4622]

awesome sirrrrr

[@poornapennika9675]

vineetha mandalemula

[@poornapennika9675]

good

[@sabirhussainvaz]

More than the GST his political view is very clear.

[@spiderboys]

Sabir Hussain Vaz and that is bad bcs urs are not same ?😂 where is his freedom of speech? where is U.N

[@ago3259]

30:40 Don't take people for a ride. No sane investors invests in any country without reading through the fine print of tax in that country. Also countries like Singapore have a single GST. Why have different tax rates on different items ?

[@chiraggohel3328]

hello sir, i have one question is as follow : you mentioned that for SEZ they have to pay GST and then can claim refund. They should also have to raise invoice with GST. Example : product A selling price RS 100. GST@20% so they sold products at RS 120 for export. They pay Rs 20 to govt towards GST then after they can claim. They also will receive payment of rs.120. Is it possible that double benefit will get by SEZ ??

[@gstatockok4142]

Bruh

[@KalpShahGSTClasses]

www.transparency.org/news/feature/corruption_perceptions_index_2016#table Look at the above link which is corruption perception index. India stands on 79 number all across the world. In spite the fact that the Indian CA exams structure are the most toughest in the world. India is one of the most corrupted country, though they are smart chartered accountants in India. I would rather say they are just mediators of corrupt structure.

[@amir1987.]

Ghost And Spirit Tax not value for Humans.

[@sureshbabu3664]

If Mr modi has the guts, then why his government is not introducing Jan lokpal bill in the parliament ....however , here people are not scared about GST ...the business enterprises are facing problems. First change the caption

[@meenakshiettiyappan9142]

This happened like you CA prepared and certified any financial statement one for Bank, one for Sales Tax, and one Excise department, Blackmoney cannnot be earadicated unless Chartered Accountants are eardicated in India, they sign for money any statement, and our Indian Ecnomy is fully spoiled.

[@vyash5931]

why u blame all CA 's, there are good CAs also there, u shouldn't comment whole fraternity of CAs..

[@KalpShahGSTClasses]

www.transparency.org/news/feature/corruption_perceptions_index_2016#table Look at the above link which is corruption perception index. India stands on 79 number all across the world. In spite the fact that the Indian CA exams structure are the most toughest in the world. India is one of the most corrupted country, though they are smart chartered accountants in India. I would rather say they are just mediators of corrupt structure.

[@KaniDevLok]

May be somebody like what you are telling. But good fellows are there. Don't blame in common.

[@neerajtolani1986]

Who said dude CA exams are toughest in the world.Dude Correct your wrong facts and infact passing percentage of ICWA or CMA is much lesser than CA.Infact ICWA or CMA exams are toughest in the world and not CA.ca are worst than bcom.You see bcoz of corruption done by ca government of india has bestowed responsibilites of AUDIT OF ACCOUNTS To CMA profession along with CA profession because they are much better and honest than ca from all aspects.All cma's are smart but all cas are not infacto.

[@dharamshethia8842]

neeraj tolani how much attempts did u gave for ca but could not clear.?

[@jammalmohammed301]

Gst will be he worst implementation becuz it will directly affect the common man and benefit the corporate company

[@DipakBose-bq1vv]

GST will ruin India much more than Demonetization. Ill effects of Demonetization lasted about 4 months, but the ill effects GST will last for ever until it will be abolished. different parts of India are different. GST is against the economically weak states. It will have the same effects as that of TT Krishnamachari's Freight Equalization act of 1956, that had ruined Eastern India and benefitted only Southern and Western states. Modi should get rid of Jetley at once. He is trying his best to discredit Modi.

[@devadosss5469]

Do you know which is real GST, study the GST in other countries then come and give lecture.

[@efile-eo7mj]

If money already gone out As u said 70 Lakh Crores How will be back in india ? Is it U Make GST to the whole world ?

[@DeepakJhaofficial]

Conditions make what GST is! They are the most important thing. [Read fuckin law] You shouldn't be able to pass 'ITATTI Academy' bill calling it GST. Some easy to understand facts: 1. GST is for BOTH goods and services what VAT was just for goods, you could've just expanded the definition of goods to include services. You'd not need GST. 2. Both state and center can still levy multiple taxes, even after GST: that means what now is entertainment tax can become movie tax, music tax or so on. We are hoping that they won't do that. But it's just hope. 3. The small business will lose out when they'd have to file multiple returns submit invoice level data to the government which is already prone to delays and corruption. Remember how sarkari departments work? 4. He says the poor will be well-off because of 40% on purchase of Audi will come to government. No fuckin logic here. But the rate on the Audi has come down to 28% from 40% after GST. 5. You don't know Hindi or English or the Law. 6. Nothing ever gets cheaper.

[@aayeff]

Sorry. This is supposed to be tax technical session. The speaker talks 50% too much about PM, Vajpayee, BJP Congress etc. Unacceptable approach. There is no place for pulling political punches in educational sessions. The speaker should be advised to keep politics out of the discussion. No cheer-leading or mud slinging in the garb of imparting knowledge.

[@ABHINAVSINGH-jy3jz]

very poor knowledge about development and constitution.

[@gaurav5146alld]

excellent explanation

[@vigneshsundar_CA]

Few wrong Info's. but otherwise it's good presentation on positive side of GST. But negative sides are not touched