Sub-broker stock exchange - how to calculate turnover
Querist : Anonymous
Seetharaman Sir,
I am a sebi registered sub-broker in the share market. I have registered for GST. I understand that if the turnover is more than Rs. 2 crore, one has to get the books audited for GST . For a sub-broker, how to calculate the turnover?
1) I am only earning brokerage from my main broker, for the transactions I do on behalf of my clients.
2) For me, as a sub-broker, is my brokerage my turnover?
3) If not, is the vale of the transaction carried out on behalf of the client, my turnover?
Kindly guide me.
Querist : Anonymous
Thanks for your response.
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