TaxTMI 
TaxTMI 
Sale of shares whether to be shown in turnover or not???
Sale of shares whether to be shown in turnover or not???
Rajendra Prasad
Sale of shares excluded from GST turnover; deemed 'No Supply' under CGST Act, 2017. No disclosure needed. A forum discussion addressed whether the sale of shares should be included in turnover under GST regulations. Multiple contributors agreed that shares are neither goods nor services, as securities are excluded from these definitions under the CGST Act, 2017. Consequently, such transactions should be declared as 'No Supply' or 'Non-GST Supply' and are not part of 'Aggregate Turnover.' The consensus was that there is no requirement to disclose the sale of shares as part of turnover for GST purposes. (AI Summary)