https://www.taxtmi.com/forum/issue?id=118503 Whether trading income from derivatives (options and futures) is treated as exempt supply for input tax credit reversal and how to value such supply is questioned. The suggested operative approach is to apply the prescribed proportion of sale value to quantify exempt supply for reversal calculations; alternatively, an interpretation is noted that if a registered person's only exempt supplies are securities-related, reversal might not be required. en-us Wed, 26 Apr 2023 16:23:47 +0530 Thu, 23 Jan 2025 15:54:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118503 Whether trading income from derivatives (options and futures) is treated as exempt supply for input tax credit reversal and how to value such supply is questioned. The suggested operative approach is to apply the prescribed proportion of sale value to quantify exempt supply for reversal calculations; alternatively, an interpretation is noted that if a registered person's only exempt supplies are securities-related, reversal might not be required. Discussion-Forum GST Wed, 26 Apr 2023 16:23:47 +0530 https://www.taxtmi.com/forum/issue?id=118503