GST on Purchase of Shares
This query is : Resolved
Quick Summary
Deepak Londhe
(Querist)
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 ?
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
(Expert)
11 July 2024
No, ITC is not claimable over shares transaction.
Message likes :
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Deepak Londhe
(Querist)
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.
So atleast I can reduce my capital Gain after selling of the shares.
Dhirajlal Rambhia
(Expert)
18 July 2024
Yes.
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