Good Morning, Good Evening, Good Afternoon.
Whoever is watching me right now,
I would like to extend a hearty welcome to that person, in
our new lecture.
Sir, how are you all?
Good? Having fun out there?
Having fun in life?
Are you starting to gain some interest in GST?
A chapter of starting and introduction has been completed.
A chapter of supply has also been completed, friends.
Friends, are you having fun?
Sometimes, friends, I would like to share something with
you.
Sometimes, in life, it feels like, whenever we do something
new, for example, you are taking GST classes.
While taking these classes, in the beginning or even now,
it may feel like, how will this happen?
There are so many difficult things.
There are such things.
Some concepts come out of the mind.
How will you understand these things?
It may feel like this to you.
But friends,
I just want to say this.
When the why of your life is clear, why means why, why do I
have to do this work?
When the why is clear, then the solution to the how
automatically comes to you.
Why should be clear?
How becomes easier?
If you know why I am doing this work, what will be the
benefit of doing this work, then you will automatically
come up with 100 ways to do that work.
Shall I give you an example?
Let's say, you have to lift 500 kgs of weight.
Will you lift it?
You will not lift it.
It's as simple as that.
It's human nature.
Whenever something new comes up, you feel, how will it
happen?
Then the best way is to refuse it.
The best way is to refuse it.
I will tell you directly, you have to lift 500 kgs of
weight.
What will you say?
I will not be able to lift it.
But if I tell you now, that to lift 500 kgs of weight,
I will give you 10,000 rupees.
You will say, 10,000?
I will not lift it in 10,000.
I will say, I will give you 100,000.
You will lift 500 kgs of weight.
Now you will start taking an interest in what I am saying.
Earlier you were looking this way.
Now you will be looking this way.
Really? He is saying 100,000.
Earlier you were looking this way.
Now you will be looking this way.
Now I tell you,
I will give you 100 crores.
It's a 500 kgs item.
You will stand for an hour lifting it.
Earlier you just had to lift it.
You had to lift it and leave it.
Then you were refusing.
Now I am telling you,
I will give you 100 crores.
You will stand for an hour lifting it.
I will give you 100 crores.
And I will make you lift it for an hour.
Sir, what will you say?
You will think,
I am getting 100 crores.
What will happen if I stand for an hour lifting it?
Will I sweat extra?
Will I go to the doctor and get it fixed?
I will get 100 crores.
Now what will you say?
You will say,
Yes, I am ready.
Give me a 100 crores cheque.
I am ready to lift a 500 kgs item.
Now your why is clear.
You know the reason why you have to lift this item.
Now you will find new ways to lift it.
You will find new ways to lift it.
Now your reason is clear in life.
When the reason is clear, that why I have to do this, a
person can find 100 ways to lift it.
Sir, I am telling you, the whole game is of the mind.
A person is not born intelligent or born stupid.
Things are embedded in his mind, that you are like this.
And he accepts it.
Now understand this.
A person is lying on the bed with a fever of 104 degrees.
I will tell him to stand up.
He will say,
No, I am not feeling well.
How can I stand up?
I am not able to do it.
I have a fever of 104 degrees.
Give me a blanket.
I am lying there.
Don't trouble me.
And now,
I will leave a bulldog behind him with a fever of 104
degrees.
Do you know a bulldog?
Do you know?
Wherever he bites, in whichever area, he will make a ball
of at least 8 inches and leave it behind.
What will that person do standing up?
He will keep running for 6 kilometers.
He has a reason.
He doesn't want to be bitten by a dog.
He doesn't want a dog to bite him.
He has a reason.
Now whatever he does, he will get up.
Somehow or the other, he will find a way to hide, run and
run.
Sir, the reason should be clear in life.
Amitabh Bachchan lost 400 crores in 2000.
When his company ABCL went bankrupt, he lost 400 crores.
He was almost homeless.
His bungalows were mortgaged.
They were about to be sold.
The market was bankrupt.
Goodwill was getting spoilt.
The goodwill that he had made for years, of a superstar, of
an emperor, that goodwill,
could be seen in the garbage on the streets.
The reason was that he didn't want to see goodwill on the
streets.
He wanted to create his brand value again.
He wanted the crown of an emperor again.
He knew this.
He knew the reason.
So he worked hard again.
He didn't get films, so he got KBC.
The earnings from KBC were fine.
It was getting less, it was getting more, it will be seen.
He said, I will get an ad.
If there is no ad,
I will get stage performances.
I will go to weddings,
I will attend at least,
I will take his money.
I will cut a ribbon,
I will take his money.
I will start going to events,
I will find my own way.
It's all a game of mind.
If you put this in your mind, why do I have to work, you
will find your own way.
This is life and nothing else.
Your things should be in your mind.
The reason should be clear.
When the reason is clear, when the why is clear, how
becomes easier.
This is the thing.
Let's start.
It's a very small topic.
There are 8 lines.
I have to explain 8 lines.
After that, you are at your home, and I am at my home.
There are 8 lines.
The topic is composite supply and mixed supply.
Section 8 talks about composite supply and mixed supply.
It says, if there is composite supply, how will the tax
liability come out?
If there is mixed supply, how will the tax liability come
out?
What does it say about composite supply?
Read it first.
I will tell you.
Give me 5 minutes.
I am asking for 5 minutes of your life.
I am not asking for more.
I am asking for 5 minutes of yours.
After that, the 6th minute is yours.
I will tell you.
It will be fun.
Listen to me.
It says, if there is composite supply, how will the tax
liability come out?
Tax liability means, what will be the rate of GST?
What will be the rate of GST?
It says, the tax liability that shall be determined in the
following manner.
What is it?
Look at it.
In the case of composite supply, in the case of composite
supply, composite supply comprising of two or more
supplies, one of which is a principal supply, shall be
treated as a supply of such principal supply.
It means, two things are being supplied and that is
composite supply.
I am not explaining it to you in detail now.
As they say, there is a letter in the house, a envelope
comes.
I have just opened the pins of the envelope.
The letter inside the envelope,
I did not start reading it.
You know, once I start reading the letter,
I read it in such a way that no one of that level could
read it.
In the case of composite supply, comprising of two or more
supplies, one of which is a principal supply, that shall be
treated as a supply of principal supply.
It will be assumed that principal supply is being supplied
and the rate of tax on principal supply will be the rate of
tax.
Second point, what does it say about mixed supply?
Mixed supply comprising of two or more supplies shall be
treated as a supply of that particular supply which
attracts highest rate of tax.
That's it.
I just had to make you read this.
I will explain it to you in a while.
Two things go hand in hand.
This is a concept.
It is nothing.
It is a very simple, very interesting concept.
Try to understand it.
There are two things.
One is composite supply.
You must have understood after reading this much that this
section talks about two things.
It talks about two things.
One is composite supply and the other is mixed supply.
Composite
and the other is mixed.
What is composite supply?
What is mixed supply?
Let's start the discussion.
Let me talk about composite supply first.
Wait a minute.
Let's talk about composite supply.
What is it?
How is it?
How is it taxed?
Wait a minute.
Give me a minute.
My system is running slowly.
Come here.
Composite
supply.
Dose composite supply ka basically matlab ye hai ki do
cheezon ka ek saath supply kiya jaa raha hai.
Ek cheez ki supply nahi ho rahi.
Yahan do…
Ya ho sakta hai kuch-kuch cases mein do se zyada cheezon ki
supply ki jaa rahi ho.
Ho sakta hai aisa possible?
Ye case ye hi hai ki in cases mein do ya usse zyada cheezon
ki supply ki jaa rahi hai.