Query regarding GST and IT

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A salaried individual earning 30 lacs and selling shares worth 80 lacs (with significant LTCG and STCG) is seeking advice on tax reduction strategies, including company formation, and whether GST registration is necessary. The response indicates no GST liability and suggests exploring Section 54F of the IT Act for potential benefits, with no other tax-saving options mentioned.

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28 June 2024 Hello Sir/ Ma'am,

I am a salaried employee and invest in stocks.My salary is 30 lacs.In FY 23-24 I have sold shares worth 80 lacs.14 lacs ltcg and 13 lacs stcg. Please advise an efficient way to reduce tax.ie opening llp/company etc.

Also do I need to register for GST in the above case?

Anticipating your reply!

Thanks in advances!