Regarding liability of 9C

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Divyesh Ajmera (Querist)
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13 November 2025 If normal turnover is below 5 crore but by adding F & O and Intraday income as business turnover, total turnover is above 5 crore then 9C required to be file?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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13 November 2025 F&O trading and Intraday trading in shares/securities are not subject to GST, since securities are neither goods nor services as per Section 2(52) and 2(102) of the CGST Act.

Therefore: F&O and Intraday transactions are not included in aggregate turnover for GST purpose. So, - GSTR-9C is not required, because these transactions do not contribute to aggregate turnover under GST.

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