Hi Everyone,
Seeking guidance for our client's GST return filing.
Private Limited company has started F&O trading.
Is it required to mention this in monthly GSTR-1? If yes where should we mention this
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GST Turnover for F&O
Replies (5)
Quick Summary
Yes, a private limited company that has started F&O trading is required to mention this in its monthly GSTR-1. This is because F&O trading is considered a taxable supply under the GST regime
You may sum all net positions for the month and declare in GST Returns since F & O trading is treated as normal business income as per income tax act
No need to show F&O turnover in your GST Return....ant transaction in securities is out of scope of Supply under GST.
Show it under exempted or nil rates supply
Thanks for your guidance to all of you :)
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