sir I am rent receipent with I registered in gstin my question is I have done last year short term n long term in shares trading... sir shares trading is a gst turnover or out from gst
6 Replies
rishi
(student)
(408 Points)
Replied 10 July 2019
shares are neither goods nor services and hence these should not be included in you turnover
CA. Umesh kumar
(ca.umesh11@gmail.com)
(1465 Points)
Replied 10 July 2019
yes, gst not apply on share trading, income tax applicable on share trading, decalre profit or loss from share trading in itr
rishi
(student)
(408 Points)
Replied 10 July 2019
yes there should not be any G.S.T on shares trading, however G.S.T will be applicable on brokerage charges.
CA. Umesh kumar
(ca.umesh11@gmail.com)
(1465 Points)
Replied 10 July 2019
Gst on brokerage is not relevant for u
Shivam RC
(Student)
(23683 Points)
Replied 10 July 2019
Do not consider sale of shares income while computing your Aggregate Turnover under GST.
Recent Topics
- CA Articleship form 112
- ITC for tax paid under RCM
- Loss adjust
- GST registration -rent Agreement
- Study partner for CA Final- Jan 26
- Sir, ITC is not showing in GSTR-3B, what to do
- Capital Gains on Industrial Property...
- While making correction in form-26QB getting - Maj
- Late interest penalty of missed invoice forgot to
- LONG TERM CAPITAL GAIN ON HOUSE
Related Threads
Trending Online Classes
-
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
Industry Expert17 May 2025
CAclubindia
