CA CHETAN GUPTA (CA) (588 Points)
12 August 2017My Client :
Have 1 Business and Do Share Trading too.
Will the Share Trading Turnover be also taken for Counting the Limit of Rs.20 Lakhs for Getting GST Registration.?
If Yes, then Will The Share Trading Details (Purchase and Sales) will also be given in Monthly Returns. ?
Note: Shares are Securities and Not Goods hence, GST Not Applicable.
But Income Tax Act takes Share Trading Turnover for 44AB Purpose.
REPLY ASAP.
Studentsca
(CA Practice )
(3577 Points)
Replied 12 August 2017
Studentsca
(CA Practice )
(3577 Points)
Replied 12 August 2017
Studentsca
(CA Practice )
(3577 Points)
Replied 12 August 2017
CA CHETAN GUPTA
(CA)
(588 Points)
Replied 15 August 2017
What if On Voluntary Basis, My Client gets Registration and then files Monthly Return.
In those returns whether he has to give the details of such SHARE TRADING too.
As there can be seen in GSTR3B : NON GST Supplies are also asked to enter.
??
CA CHETAN GUPTA
(CA)
(588 Points)
Replied 15 August 2017
CAclubindia
