GST Registration : Speculative business


Vishesh Bhagat   05 November 2018

Vishesh Bhagat

 7 likes  84 points

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if I am engaged in speculative bussiness during the year and I have earned more than 20 lacs within the FY
my question is do I need to get gst registration?
since I involved in business activity and crossed threshold limit and my business of selling and buying shares comes in definition of "Supply".
Share your views.

avater

Mayur Patil (Article)     06 November 2018

Mayur Patil
Article 
 164 likes  1272 points

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Sir, as per

Sec 2(52) of CGST Act goods means every kind of movable property other than money and
securities.

Even sec 2(102) CGST Act service means other than goods, money and security

As per my opinion securities(shares) neither fall in goods nor fall in service so, its out of ambit of GST so you're not required to register.


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