Good Morning, Good Evening, Good Afternoon.
How are you all?
Those who are watching me right now, according to
themselves, Good Morning, Good Evening, Good Afternoon.
Have a great time out there.
You should always be like this.
Keep smiling, be happy.
Keep watching the classes.
Keep learning new things.
What else is there in life?
Do you have knowledge?
We are starting new things now.
Many people will think that GST is such a tough thing.
How will it be? What will it be?
He is a new master.
Will he be able to do it or not?
Sir, keep one thing in mind.
In life, there is something bigger than IQ.
I CAN.
Your IQ doesn't matter.
Nothing matters.
How intelligent you are.
How educated you are.
Whether you are educated or not.
Simple things matter.
What is the desire inside you?
Do you want to learn that thing or not?
Sir, keep this thing in mind.
The person who wants to do something,
If he wants to do it from inside,
If he wants to achieve it,
Then he will achieve it.
Sir, remember the Mahabharata war.
Eklavya had to learn one thing.
Eklavya had to learn to shoot an arrow.
She made a statue of Dronacharya.
She considered him as her Guru.
And started learning.
Sir, you should have a desire inside you.
If you have a desire,
You don't need any teacher or anything.
You will make your own path.
Your subconscious mind is so strong.
The power of your heart's desire.
You say, I love someone.
People give their life for love.
Love these things.
Why don't you love your career?
Why don't you love your studies?
When you can give your life for a third person,
For this thing, you will do anything.
Start loving this thing.
Then see,
The biggest benefit of loving studies is that
It never turns out to be unfaithful.
Keep this thing in mind.
The hard work you put in this thing,
It will give you so much.
It will give you so much profit in your life,
That you can't even imagine.
That's why you have to work hard.
You have to love.
You have to do it with these things.
Let's start our topic.
Let me tell you, this is not a motivational lecture.
This is a GST class.
Come on.
So friends, in the last lecture,
We understood the difference between direct tax and
indirect tax.
What is the difference between the two?
Now let's come to the biggest branch of indirect tax, GST.
GST means Goods and Services Tax.
A tax that you pay for buying goods,
Or services that you have taken,
Or services that you have received,
You pay a tax on that.
This is the category of GST.
Before I take you further into GST,
Let me tell you a feature of indirect tax,
Which is also applicable on GST.
And the whole chain of GST,
Why did GST come?
That point will be clear to you from here.
Let's understand a few things.
Let's assume that there is a manufacturer.
Manufacturer means a person,
Who produces goods.
So let's assume that he has goods worth Rs.1000.
He has produced goods worth Rs.1000.
Okay? He has goods worth Rs.1000.
Let's assume that there is a tax on this.
Let's assume that there is a tax of 10%.
There are all transactions.
Let's assume that there is a whole country.
In that whole country, there is only a tax of 10%.
There is no other rate of tax.
So there is a goods worth Rs.1000.
What is the tax on this? 10% means Rs.100.
He has sold this goods worth Rs.1100 in the market.
Okay? How much did he sell the goods worth in the market?
Rs.1100.
How? This is the cost of the goods.
This is the price of the goods.
And Rs.100, as tax, I am taking from my customer.
I will take tax from the customer.
And what will I do to the government?
I will deposit my tax.
So let's understand my liability.
My tax liability,
What will be the tax liability?
What will be our tax liability in this case?
In this case, it is a simple thing.
The tax liability of Rs.100 will come.
The liability of Rs.100 tax will come here.
Is there any problem in this?
Okay, sir.
Did you understand this chain?
There is a manufacturer.
The manufacturer has made goods worth Rs.1000.
He wants to sell it in the market.
So there is a tax of 10%.
He is selling goods worth Rs.1100 to a customer.
And the Rs.100 that I have received from the customer,
I will go and...