Hi Everyone,
Seeking guidance for our client's GST return filing.
Private Limited company has started F&O trading.
Is it required to mention this in monthly GSTR-1? If yes where should we mention this
5 Replies
CA Aman Rajput
(Chartered Accountant)
(10405 Points)
Replied 16 November 2023
Yes, a private limited company that has started F&O trading is required to mention this in its monthly GSTR-1. This is because F&O trading is considered a taxable supply under the GST regime
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 17 November 2023
You may sum all net positions for the month and declare in GST Returns since F & O trading is treated as normal business income as per income tax act
akshay Kumar
(137 Points)
Replied 17 November 2023
No need to show F&O turnover in your GST Return....ant transaction in securities is out of scope of Supply under GST.
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 18 November 2023
Show it under exempted or nil rates supply
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