Chartered Accountant (AIR-16), 4 years experience with Aditya Birla Group, Mumbai, Currently practicing in GST; passionate about teaching.

Palkesh Asawa

In this course we talk about the composition scheme, which is an optional scheme of paying taxes in GST. We discuss the provisions of Section 10 along with the pros and cons of this scheme.

Choose from the various concepts taught in a comprehensible way for students looking to strengthen their CA preparation.

CA Foundation

Hindi

(Hindi) GST Course 6-Composition Scheme: CA Exams

Goods and Services Tax Law

Elective: Indirect Tax Laws

CA Final Group 2

CA, CS, and CMA

Ace the toughest competitive and government exams in India 

Test Preparation

Introduction to composition scheme by way of understanding the background and the context in which such an optional scheme was necessary.

Introduction (in Hindi)

In this lesson we talk about Section 10(1) of CGST Act which talks about the concept of composition scheme along with a major outline of who is eligible. We also discuss the meaning of aggregate turnover for this purpose.

Section 10(1) of CGST Act (in Hindi)

Conditions for opting composition scheme as per section 10 (2) of CGST Act. Composition dealers cannot provide services, or make interstate sales etc.

Conditions for Composition Scheme (in Hindi)

What happens in case a person wants to opt for composition scheme but they have different registrations in multiple states in India? What if they are eligible in one state and ineligible in another state?

Composition Scheme for Multiple Registrations (in Hindi)

Composition dealers are not allowed to claim input tax credit of their purchase, this out becomes a cost of their purchase. In this lesson we will make calculations to see how it impacts their profitability.

Input Tax Credit for Composition Dealers (in Hindi)

What are the factors determining whether composition scheme makes more sense than regular scheme? How does the MRP work in case of composition dealers? Does it still include all taxes?

(Hindi) How to decide whether to opt for composition?

Rules for turnover in special category states. What happens if one registration is in special category states and another is in other states?

Rules for composition scheme (in Hindi)

What is the last date for opting for composition scheme in GST? What are the rules and procedures for intimation and what happens in case you breach the composition conditions during the year.

Intimation to opt for composition scheme (in Hindi)

What is the logic behind reversal of ITC at the time of opting for composition scheme? How do we calculate the amount to be reversed?

ITC Reversal for composition opt-in (in Hindi)

Rule 5 for composition scheme places certain additional conditions for opting into composition scheme. We shall also see the meaning of casual taxable person and nonresident taxable person as per law.

Conditions for composition as per Rule 5 (In Hindi)

In this lesson we talk about notification no. 8/2017 that talks about the products excluded from composition. We also learn the difference between notifications and Acts in terms of flexibility.

Notification no. 8/2017-CT for composition (in Hindi)

In this lesson we talk about what happens when a person stops fulfilling the conditions of composition scheme. Can he claim credit of ITC related to stock at the time of transfer?

Validity of composition levy (in Hindi)

In this lesson we talk about what happens in case a person who was ineligible for composition scheme continues to pay tax therein and the tax officer issues a notice against such person.

Other rules of composition scheme (in Hindi)

This lesson is for a quick review of all provisions that we've studied till now in composition. Useful for last minute quick revision during the examination.

Review of composition scheme (in Hindi)

Myself a Chartered Accountant (CA) & Company Secretary (CS) & having the 10 years experience. I have worked with TCS ICICI Bank DK etc. Now 

CA Arun Chhajer

(Hindi) GST Audit Checklist

Rajesh K Verma

This course will cover gst topic with latest amendment . Hope that you will enjoy this course. Thank you

(Hindi) CA Exams: Goods and Services Tax Law for May / November 2019

In this course we talk about the place of supply of services in case the recipient or supplier is outside India (section 13 of IGST Act)

(Hindi) GST Course 4: Place of Supply (Section 13 of IGST Act)

In this course we talk about the provisions of levy and collection of GST, including the charging section, basic exemption limit, composition scheme, mixed and composite supplies.

GST Course 5: Charge of GST

This course describes basic concepts of Customs law, indirect tax, ca exams.

Lessons

14 lessons • 2h 29m

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Introduction (in Hindi)

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Section 10(1) of CGST Act (in Hindi)

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Conditions for Composition Scheme (in Hindi)

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Composition Scheme for Multiple Registrations (in Hindi)

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Input Tax Credit for Composition Dealers (in Hindi)

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(Hindi) How to decide whether to opt for composition?

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Rules for composition scheme (in Hindi)

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Intimation to opt for composition scheme (in Hindi)

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ITC Reversal for composition opt-in (in Hindi)

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Conditions for composition as per Rule 5 (In Hindi)

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