GST on equity shares
This query is : Resolved
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GAJANAN SHIRALI
(Querist)
18 August 2020
I have share trading account with ICICI direct securities and Zerodha. I have been buying and selling shares through my account with them from April this year. My turnover could be well near 50 lakhs during the financial year 20-21. The GST is charged by ICICI direct and Zerodha on all these transactions. But I want to know whether I too have to register with GST or not.
Lekhraj sood
(Expert)
18 August 2020
Shares are not covered under the definition of goods.So you dont need to take registration or pay GST.
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GAJANAN SHIRALI
(Querist)
18 August 2020
Thank you sir. Very kind of you
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