Members

Taxability of derivatives, futures and forward contracts in GST

Know everything about GST on derivatives, futures and forward contracts. Exemptions available to derivatives under GST. Get GST number. Register your business. Registered more than 1 lakh taxpayer. GST Act & Rules with related provisions. Applicable GST Rates. Apply GST registration. Documents required for futures contracts in GST regime CGST Act specifically excludes securities from the definition of Goods. As per Section 2(52), Goods means any movable property except money and securities. The definition of Services means anything other than goods, money and securities. Therefore, trading in shares and securities will not be considered as supply in GST.

https://www.taxgyata.com/ap/taxability-of-derivatives-future-contra...

Views: 1

Comment

You need to be a member of On Feet Nation to add comments!

Join On Feet Nation

© 2024   Created by PH the vintage.   Powered by

Badges  |  Report an Issue  |  Terms of Service