GST on Purchase of Shares

This query is : Resolved

Deepak Londhe (Querist)
Follow

11 July 2024 Dear Expert,

My company has purchased a shares from NSE, on which broker has charged various charges.

On that additional charges broker has also collected GST there on.

So, Can we avail that ITC in 3B which collected by broker ?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

11 July 2024 No, ITC is not claimable over shares transaction.

Message likes : 1 times

Deepak Londhe

Deepak Londhe (Querist)
Follow

18 July 2024 Can we add this expense to the Cost of Shares ?

So atleast I can reduce my capital Gain after selling of the shares.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

18 July 2024 Yes.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Ashwini Thorat

Arpita Gilhotra

Moby Mogli

Ashif Cheenikkal

prasanth kona

Subscribe Now

GST on Purchase of Shares

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Lead Conversion Executive / Sales Closing Executive

Fundraising Expert

MIS Executive

Audit Assitant

Audit, Taxation & Compliance Executive

Semi Qualified CA

Tax Associate

Company Secretary - Part time