Are option traders required to register for GST if their turnover crosses ₹20L?

GST GST Registration
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1

option trader required GST number if profit more than 20 lac

2

Hey @Abhay_Nain ,

No, option traders are not required to register for GST if their turnover crosses ₹20L.

The GST Act specifically excludes Securities from the definition of Goods. As per Section 2(52), Goods mean any movable property except money and securities.

3

No, option traders are not required to register for GST, even if their turnover exceeds ₹20 lakh, as securities are excluded from the definition of goods under the GST Act.