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
Menu
GST Turnover for F&O
Replies (5)
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 :)
Recent Topic
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
Related Topics
CAclubindia
