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

[Rajendra Prasad]

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

[Venkataprasad Pasupuleti]

Declare it as nontaxable supply

[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 2ibid 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".

[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

[Ganeshan Kalyani]

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

[Mohit Singhal]

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

[YAGAY andSUN]

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

AI Summary

Sale of shares not a supply under GST; excluded from aggregate turnover and not subject to GST reporting. Contributors conclude that sale of shares does not amount to supply of goods or services because 'securities' are excluded from the statutory definitions; accordingly such transactions are to be treated as No Supply or non-taxable and are excluded from Aggregate Turnover, so they need not be included in GST turnover or reporting.