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Sale of shares whether to be shown in turnover or not???, Goods and Services Tax - GST

Issue Id: - 116153
Dated: 18-3-2020
By:- Rajendra Prasad
Sale of shares whether to be shown in turnover or not???

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Sale of shares whether to be shown in turnover or not???

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Showing Replies 1 to 6 of 6 Records

1 Dated: 18-3-2020
By:- CAVenkataprasad Pasupuleti

Declare it as nontaxable supply

2 Dated: 21-3-2020
By:- Kashish Gupta

Dear Rajendra Prasad Ji,

In my view, it should be declared as "No Supply" because "securities" are exluded from the definition of "goods" as well as "services" given under clause 52 and 102 of section 2 of CGST Act, 2017.

Further, definition of "non-taxable supply" under clause 78 of section 2 ibid starts with phrase "supply of goods or services or both". Since it is neither a supply of goods nor a supply of services, it should be declared as "no supply".

3 Dated: 23-3-2020
By:- Rachit Agarwal

Sales of Shares is niether goods nor service.

Such transaction to be disclosed as under "Non GST Supply"

Sales of shares do not form part of definition of "Aggregate Turnover" as defined u/s 2 of the CGST Act, 2017. Aggregate Turnover only covers supply of goods or services whether taxable or exempted

4 Dated: 28-3-2020
By:- Ganeshan Kalyani

In my view, no need to disclose the said transaction.

5 Dated: 31-3-2020

Not required as not goods or services as per gst act.

6 Dated: 26-5-2020

We are amenable with the views of our experts on this matter.


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