Gst dealer share market transactions itc claim

This query is : Resolved 
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A GST-registered pharmacy dealer made intraday share purchases and sales, with GST collected by the broker. The question is whether the dealer can claim ITC on these transactions. The general consensus is that ITC is not eligible because security transactions are typically not considered part of the business's core activities.

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(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.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
30 July 2020 Not eligible for such ITC claim.
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Lekhraj sood

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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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