itr4 section 44ad for share traders
Alcester Mac Naug (3 Points)
29 May 2018there is a glitch in itr 4 with respect to requirements of GST number and turnover.
As you all may be aware that get is not payable by a share trader on his trading turnover and is only charges by brokers as expenses.
itr 4 does not allow filing without gst. so how does a share broker file his return under 44 ad . Is this a forced registration under gst indirectly . but how does it help the govt when the same is not applicable to share traders.
is there a way to communicate this to IT authorities. Though I tried with calling help line, they provide only their rhetoric that it only available for less than 20 lacs turnover. this is not right.