Chittorgarh.com Logo
FREE Account Opening + No Clearing Fees + Rs 999 API Access
Loading...

Can I claim for GST input (credit) for stock market transactions?

Save over 60% on Brokerage

We can help you save between 60% to 90% brokerage fee & taxes. Contact us today...

No, a stock trader in India cannot claim GST input for transactions done in the stock market.

GST Credit cannot be claimed by anyone except if they are rendering services where they are paying GST and this is as input to provide this service.

For example, Mutual Funds are paying GST on the cost charged to the corpus of the fund, and a contract note from a stockbroker is input to provide that service.

Except for PMS, AIF, and MF, no one can take GST credit.


Comments

Add a public comment...