GST Provisions Simplified for Traders/ Retailers

This video explains all the important aspects about Goods and Service Tax (GST) in very simple and conversation language.
This video clears all the confusions about GST and answers the following questions:
What is goods and service tax (GST) ?
Who is required to registered under GST ?
What is composition scheme ?
Compulsory registration under GST ?
What is Input Tax Credit ?
What is B2B and B2C transactions ?
How many returns need to be filled under GST ?
What is invoice matching under GST ?
Applicability of GST for small traders and retailers ?
Rates of taxes under GST ?

[@sreekalamenon9627]

very useful information sir. thank you for making a vedio on GST.

[@MrOptimystix]

Great video Gourav. You cleared almost all my doubts about GST. Thank you

[@Lakshmi-si4rk]

Thank you very much sir for explaining GST concepts in a simplified and very interesting way

[@vigithsajeevan4605]

Thanks you sir, It was a beautiful video because I was having doubt regarding input tax credit but it's cleared now with a simple example . Make more videos like this so that it will be very useful to a lot of people.Indeed I will subscribe to your channel.

[@harishs2490]

Thank You Sir, GST doubts Almost Cleared.

[@pradeepkumarpalanisamy2425]

Excellent video, short and crisp, thanks.

[@shainaarora7808]

Great video..concepts are very clear now..thank uh sir!

[@rajasigarang9734]

Thank you sir.. I'm first learning GST from your channel.. It is very easy to me to understand GST

[@muthuramanv3618]

Nice

[@gautambasrur1176]

Nicely done. Thank you so much Mr.Jashnani :)

[@jayyes71]

very simple and useful explanation, good

[@parikshitdhande6315]

U hv such a nice way to make us understand. Thanks

[@rinaldofernandes174]

Very nice video sir.. Just what I was looking for.. Appreciate it 🍻

[@aparnasrivastava8945]

awsm video CA Gourav ji.. really u made d concept easier.... gst as a separate paper is now included in d b.com syllabus, I am a lecturer nd dis video is really gng to help me a lot..thanx

[@CAGouravJashnani]

+Aparna Srivastava thanks a lot Aparna ji for the compliment. Don't forget to watch introductory video on GST. Stay connected for future video.

[@akashkumar9]

Thank you very much for the manufacturer to consumer gst description.

[@jerryleivon7852]

Wow such a nice and detailed explanation thanks

[@LalGebi]

Awesome... Pl. keep on making such videos ..

[@amankumargupta5881]

I don't know what is gst but I enjoyed plenty of ads. Thanks

[@Venodandme1]

great great great....thanks and carry on sir ji

[@vipinrbs]

Really Helpful... Thank you..👍

[@divakarownz3916]

Very useful! Crisp explanation CN you make. A video of how a manufacture need to make gst returns?

[@anusharajesh952]

Thank you sir... Fabulous explanation...

[@safiqueahemad8377]

Very nice sir, very clear information.

[@shanmu991]

Brother, it was very useful 🙏🏽

[@yourray4166]

Super explanation 👍🏻

[@jaipreetsingh4779]

Thxxx bhai.. Dill se...

[@MaxTrex]

brother i appreciate your work, thanks for explaining.

[@CAGouravJashnani]

+Amit Rao thanks a lot Amit. Stay connected

[@gamerneutralized]

Awesome Video. U explained so well in english...Can u please make a GST related video only on Manufacturer...

[@grenjith123]

very informative..thks

[@abhilashk2238]

Excellent explanation sir

[@harshitachaudhary6589]

Thank you sir g very nice explanation

[@rajeshmeena2614]

Useful information thanks

[@mayankbanerjee3355]

I work as consultant or as contractor for government organisations such as railway, bank etc... What type of GST will I be subjective to? Can you please make a video on the same

[@j.keerthanamohan4975]

Thank u explaination

[@sasidharanpadmanabhan142]

Very good explanation

[@getharishvarshney]

Whether it is mandatory or voluntary option that the person previously had service tax registration need to register for GST?

[@prabuprabuprabu12]

It is very helpful. Thank you sir. I need clarification regarding gta.who will choose gta in gst.

[@phinchoknorboo7588]

Thanks.. Bravo

[@sandeepbhosale7928]

Hello Sir, Very Good and useful lectures. Pl make detailed lectures on Rcm schemes and e-way bills. Thank you, Sandeep Bhosale

[@babkrishh]

Wonderful Explain Mr. Gourav. I have some questions, 1) We are bag manufacturer(newly started), sometime we purchase goods without gst bill, but we are selling to amazon e-commerce, now this is B2B business isn't? So what about invoice matching? 2) You told us, 3 monthly returns.Why this 3 filling? And how filling this 3 returns? if possible, answer here or if you ask me to contact personally, I will do.

[@pranayvyas2954]

sir you are doing great job!

[@CAGouravJashnani]

Thanks a lot Pranay. Stay connected

[@umangbang2547]

Dear Sir, If I have just started a company and I don't know how much my turnover is going to be in this financial year then how can I select the scheme that I want to opt for?

[@user-xi2xo3bw4m]

Awesome 👍

[@manishsinha3585]

How the retailers will take itc when there is no invoice matching and further is it mandatory for businesses having annual turnover of more than 20lakh and less than 75 lakh

[@vivekkumar6286]

thank you very much sir

[@anshalgarg4744]

Concepts cleared, sir. Plz try to cover the long term capital gain tax topic in upcoming videos.

[@CAGouravJashnani]

+Anshal Garg thanks Anshul.. Will keep the topic in the mind.

[@mrbheeshmaworld9775]

Hi sir thanks for your info it's very useful and I have a inquiry that if I take goods from retailer then can I sell them without GST and what and is there any records require please explain

[@simplesandip2946]

My yearly turnover 10 lac, I reg in Normal gst, can I continue to do this ?? B2b transaction

[@vishalverma7114]

To be a supplier via e commerce operator. Am I eligible for composition scheme? or i need to register under normal scheme

[@prashantsharma2278]

Please make an detailed video on if you wanna register GST no as manufacturers,like furniture manufacturers,toys, clothing etc.

[@krishcapricorn]

Dhanyawad sir

[@Jatishwor8]

sir, i m running a manufacturing workshop of iron almirah n i m getting most of all raw-materials(iron role sheet etc) at 18% , so what will be the gst rate of my product n in which gst rate can i sell my product.?

[@beginexport2861]

Good Video!!! Im having a doubt.. Assume im a small trader who buys from manufacturer and ship to a seller in both intra and inter states and operates within 20L per annum.. U said that we dont need GST registration. So we dont have to pay or collect taxes?? if no then how we need to proceed??

[@nadadurv911]

Good Explanation

[@ruatfelaparte9815]

Can you make a video on how to file B2B and B2C on gst portal in a very complicated way with all how to fillup each and every columns according to invoice and sellout to customers...please

[@techlearner7689]

Sir what is a wholesaler has a turnover above rs75lakhs will he be able to avail the benefit of input tax credit.

[@vishalsurendrawavre266]

Nicely explained

[@muthuKumar-yf6sb]

Thanks 👍

[@sk.azeemdasthagiri6506]

SIR THANKS FOR THE VIDEO. I have a question . sir i have already service provider licence in GST. Know I want put to a manufacture unit. Can i run unit with same GST number. Please suggest me

[@SUMITKUMAR-wf9ir]

sir i m thinking of opening a stationary shop where i can sell stationary product which is uesd in banks... sir what do i need to do in trrms of gst ...

[@buddysep689]

is a current account required for filing gst?

[@sandydatt]

If i have paid gst to retailer... Then i will file nill return or pay the same tax again from my gst id

[@vishalbiradar926]

Tq so much sir

[@PS-tj5gd]

Awesome bro.. carry on

[@CAGouravJashnani]

+Pushpinder Singh thanks a lot dear. Stay connected for more videos.

[@MaheshKumar-gx1up]

How much tax should I pay in B2C model for kirana store if my turnover is 13 lacs per annum. I have taken GST number

[@thebfitness31]

i have a computer sales and service retail shop then how can i file the return of the gst. wether i have to file 37 or 13 return file in a year. can you tell me how can i file return on my own in the gst portal.

[@priteeadhav2440]

Is gst applicability still same in 2022 or are there any changes in it...

[@rahulbhadbhade5715]

Very useful

[@hemantkumarpisal8464]

very good explanation. i need more about how to file gst by self . can u help me?

[@naveenmanral2784]

I am not under composition scheme can I sell goods out of state

[@thecommercetutor]

Good Job

[@CAGouravJashnani]

+The Commerce Tutor thanks a lot dear

[@dineshmurthy800]

excellent Gourav very good explanation.i developed a small e-commerce app in which I sell items in my own village

[@sumathyjeyaraj2253]

If online trading commodities business like shares etc what type of nature of business should show in gst registration portal

[@pkpgzp6765]

Sir thanks u so much for clearing my all doubts but if u can make one more video on gst rates applicability with real examples e.i after marking MRP on Product by manufacturer then what is impact on supply chain plz give me best solution for my clearing doubts thank u again

[@jaybarot5443]

How many returns are required to be filed if turnover is beyond 75 lacs ?

[@ravis413]

Sir wholesaler ka naya busines set up keliye kya kya registration karna padta he cloths wholesale keliye

[@ngonlamniahh2483]

Plz continue making in English like this

[@SUMITKUMAR-wf9ir]

awsome video sir😎

[@CAGouravJashnani]

+SUMIT KUMAR thanks a lot sumit.. stay connected for future videos.

[@aakashbhandari2070]

Sir I have 1problem regards GST. I am medical shop retailer but my annual biasness is below 20 laks . Can i apply GST return.

[@vinodhprasanna5993]

well explained

[@moinsyed9718]

sir tobacco beedi manufacturers fall in which category whose turn over is below 20lak.should they want to pay GST.

[@sanjaypant8033]

very good sir

[@chauhanpeptrek2825]

Hi gaurav I ve registered as manufacturer bt I want to switch to retail now wat can I do

[@kanakappahallikeri1555]

Hi, I am a cloth retailer(shop) my turnover may go upto 25lakhs per annum. But I want to buy clothes from my supplier(wholesalers) who are in other states. So Can I opt for composition scheme to buy clothes from Wholesalers outside my states?(interstate)

[@manojkhairnar755]

hi sir, if i am running the cloth shop i don't have gst registration & now i am register new business in same address imports & exports & take gst then I will be able to assign same gst to my old business & it is legally ok or not

[@saurabhjadhav2270]

i like your work and it is very good, can you give me a suggestion please, I am running an e-commerce business and I am selling products worldwide, so what tax rate i am liable to pay in normal B2C scheme and can you please tell me how can I get registered for gst and how to register your e-commerce business in India i don't have any clue about it, like US has LLC what do we have to do as Indian e-commerce business owners to get registered :)

[@Anandsharma-kl3xb]

I am retailer, I have a kirana shop but to use smart billing machine I have to register for GST, but i dint charge any gst from my customers. what should I do ?

[@aditya-gm5hb]

Hi, i have a doubt regarding retailer seller, if purchase retail items from amazon or flipkart through gst i will get the 10-28% tax discount but after purchasing i am not sold that items due damage or spoil ...then what are the action that i have to take gst filing ? Is it any offense as per gst rules?

[@BinitSingh]

Hi sir if my factory business turnover is less than 20 lakh so I didn't pay gst bill and what is procedure.. Can you explain me.. Like which gst I have to register...

[@advmailadv796]

I am a collection agent of waste ...I collect and sale to interstate ....Is it B2B ? I am getting paid as handling charge and deduction (5% gst from my amount by buyer company ???Do I needed GST? If yes....what gst filings I needs ..

[@sandeepthandu5528]

What about online grocery store

[@swathig1736]

we file only 12 returns for GST, then what are the 36 returns for B2B holder

[@JoelMathew00]

Sir.. I have a doubt.. What if the mrp of the bag in your example is 165 and say the retailer is unregistered.. how much amount will he collect from the consumer?

[@georgefernandes5240]

When a trader wants to get gst regn.he is reqd.to get msme regn. And msme does not register traders. Then how do traders get gst registration.

[@debochanele]

..awesome tutorial...thanks for it :)

[@divyendu100]

Gaurav bhai I am starting a wholesale business of food bringing items from Delhi and supplying to Dehradun market. I have ordered my first batch without having GST now some big shopkeepers ask me bill with GST.. how to go about it??

[@rajasekharbala2584]

I wanted to supply construction materials. But one company gave me a chance ni need to pen a shop but u need gst. I will give u stock and u can get the requirements and order through my website. But u need gst. How it is possible. Plz explain sir

[@milindbagal5650]

Can Manufacturer get gst input in row material purchasing And how pls explan

[@NiftyAnalysisForTomorrow]

Sir aaj GSTR return k last date hai composition walo k liye but ye clear nahi hua kisi notification se k PURCHASE details add krni hai ya nahi 4A me. Yadi apke pass koi information hai to share kre

[@Amulya9896.]

Hai Thanks for the video. I have a question. If i purchase 1,00,000 rupees item from metro cash and carry store with bill which has GST in it. Now i will sell goods to end customer with MRP rate which in clusive of GST. so here i am paying GST 2 times. In this case am i eligible to get input tax credit

[@techlearner7689]

Hanumasateesh Mynampati ; i think you should get input tax credit. But maybe it depends on the the person or individual from whom you purchased goods or services is he going to give the tax to the government levied on that product/service,if yes then I think you should get the benefit of input tax credit.

[@cs9712]

I have the same query... Can anyone pls elaborate on this?

[@warrenbuffett920]

Yes, you need to pay input tax credit to the govt. In quarterly basis.

[@shadow6673]

Sir I am a retailer of spare parts shope can I have to register in gst