GST on equity shares

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GAJANAN SHIRALI (Querist)
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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

Lekhraj sood (Expert)
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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

GAJANAN SHIRALI (Querist)
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18 August 2020 Thank you sir. Very kind of you

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