Gst dealer share market transactions itc claim
This query is : Resolved
Quick Summary
Kollipara Sundaraiah
(Querist)
30 July 2020
Gst registered regular scheme dealer maintained a pharmacy store.dealer some intraday share purchases and sales transactions.gst collected by share broker.
Question:
Dealer share intraday transactions input claim eligible or not.
Question:
Dealer share intraday transactions input claim eligible or not.
CA R SEETHARAMAN
(Expert)
30 July 2020
Not eligible for such ITC claim.
Lekhraj sood
(Expert)
01 August 2020
It appears that the securiy transactions are not in the course of business and hence no credit would be available.
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