Is GST applicable on capital gain on sale of securities?
Frah Saeed Changed status to publish May 11, 2020
Securities defined under section 2(h) of the Securities Contracts (Regulation) Act, 1956 , have been specifically excluded from the purview of GST , by virtue of its exclusion from the definition of ‘goods’ and ‘services’ as contained in Section 2(52) and Section 2(102) of the CGST Act, respectively. Accordingly neither the sale proceeds of the securities nor the capital gain earned thereon would be subject to GST.
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Frah Saeed Changed status to publish May 11, 2020