Questions regarding trading account

which type bank account i.e savings account or current account shall be opened for trading in nse futures and options for individual trader.

If current account is opened , and above 3 crore of transactions done in bank account only from debit and credit entries from futures and options.
Does gst department will inquire about the transactions and what reply shall be given , as we do not apply for gst number for tarding in futures and options.

Gst paid on brokerage
Does brokers provide a document which states how much gst is paid on brokerage for individual trader.
(any form or any other evidence)

If yes ,
how to get it.

Hi @md_imr

Both savings and current account can be used for trading purposes.

Better to consult tax experts on this matter. @Quicko @Jason_Castelino

Yes. You can download the GST Invoice.

For claiming input tax credit, you can claim If you are GST registered and use it for business purposes.

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