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GST applicable

mallika poduval (6 Points)

28 August 2019

is GST applicable for F&O trader

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4 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (182141 Points)
Replied 28 August 2019

No GST applicable over the F&O transactions...

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mallika poduval (6 Points)
Replied 28 August 2019

thank you. please provide notification

Shivam RC (Student) (23683 Points)
Replied 28 August 2019

No GST is not applicable for F&O Trader.

Shares and Securities are neither treated as GOODS ( defined u/s 2(52) of the CGST Act 2017 ) nor Services ( defined u/s 2(102) of the CGST Act 2017 ).

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Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 28 August 2019

Securities neither fall in the definition of goods (2(52)) nor in the definition of services (2(102) , they fall in the definition of “non-taxable supply” under section 2 (78) of the CGST Act, 2017 and provisions of GST would be made applicable accordingly.

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