A person borrows money from another person and invest the same in shares and return the money and get commission..whether the transaction covered under gst?? if yes what will be the SAC code ....
Thanks in advance
there are 2 transaction:
1. interest is paid on loan - YOU ARE NOT REQUIRED TO PAY GST.
2. SALE OF SHARES ARE OUT OF PURVIEW OF GST , HENCE NO GST.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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