Dear Sir
I am also doing share trading in equities & future options & had always shown profit or loss as bussiness income or business loss last 13 years & had always shown expenses such as stt, turn over tax, other charges, brokerage seperate in profit & loss a/c, Now as I am registered in Gst with my legal name & Pan no, I have given my GSTIN to my broker & he ( my broker ) have filled his GSTR1 in which he have shown my bills. & I can check them in my GSTR2
So as I am always showing share profit & loss as business income or loss & showing the charges & brokerage seperately in my P&L a/c, can I take the input GST credit of this share trading business & adjust against my output Gst of other business ( please note that I am not a stock broker & doing trading of shares )
CAclubindia
