banner_ad

Claiming ITC on Share Market Transactions

ITC / Input 585 views 2 replies
I trade in goods so I have applied for GST Number and now I have started trading into Share markets.

So my query is that can I provide my GST Number into my saving a/c where I get charged for Trading share markets( as this my new business to earn money) and claim for the GST on share market transactions.

please help with the query as early as possible.
Replies (2)
Dear sir, as this is your different businesses and on shares there is no GST so you can't claime this bank GST in your other businesses
You have to follow section 17(2) and do not take ITC related to share market business.

Further you also have to do reversal of common ITC as per Rule 42 of cgst rules as you are dealing in exempted business of share trade.

Your exempted turnover for shares would be 1% of total sales of shares as per Explanation (b) given under Rule 45 applicable for ITC chapter.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details