Is it better to get GST number and file ITR4 or better to go with ITR3 without GST?
If you want to get GST registration just to be able to file ITR 4, it doesn’t make sense. Your compliance burden will go up. Instead of filing ITR 3 once, you’d be filing GST returns every month.
But the 20Lakh limit it still is place for ITR4?
IF YOU ARE A TRADER just leave GST BLANK and you can fill ITR4 as simple as that.
@Vinay_S Check Zerodha varsity for turnover calculation for OPTIONS & FUTURES.
they PROPERLY framed all things follow that.
OR if you confuse simply contact C.A.
If you are a active trader and good amount of turnover and also provide other services with output tax liability then you may take GST registration and claim input tax credit for gst paid on brokerage etc. ITC 3 is to bve filed. if turnover more then 1 crore then audit also required. Loss or profit from trading is to be shown in ITR. Contact for help. CA umesh kumar- 9717597230
You mean turnover as per contract or Zerodha varsity?