QuestionsCategory: GSTITC Reversal in case of securities broker
VINEET SINGHAL asked 4 years ago

What is the procedure of ITC reversal in case of a securities broker, i.e., as per Chapter 5 of CGST Act, value of exempted turnover to be taken as 1% of sale value, now the question arises what is the sale value, is it only the sale value of the shares which the securities broker has sold in its own behalf or does it includes sales value of securities sold on behalf of client also?