GST Filing Stock Broking Services
Tax Robo can help you find out all about the GST on Stock Broking Services and GST for Stock Brokers. Get expert guidance today.
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Goods & Services Tax GST (India)
GST Return Filing Stock Broking Services
A sub-broker or an agent is a person hired by a stock exchange trading company, not a Government Organization like SEBI, although they're required to register themselves under Section 24(vii) of the CGST Act, 2017.
A sub-broker helps individuals with trading in stocks as a representative of the stock marketing company that hired him.
In return, they get a service fee or brokerage for their job which is Taxable under GST.
The late fees received by them if a client makes a delay in payment, along with their service charge are Taxable as well and they need to pay GST on this late fee too.
However, there are certain cases where sub-brokers can save themselves from paying GST. These are :
- Payment for recoveries, for this they need to meet pure agent conditions.
- Interest earned from transactions involving margin trading facility.
- Margin money received from a client for stock purchasing.
GST Return Packages
Tax Robo Basic
Proprietor
₹2999 .00
* All Exclusive Tax
- All GST Returns
- Below 100 Invoices
- GST Computation
- GSTR 1 Filing
- GSTR 3B Filing
- GST Reconciliation
- GST Payment
Tax Robo Family Auditor
Firm, Private Ltd, OPC, LLP, Public Ltd
₹4499 .00
* All Exclusive Tax
-
All GST Returns
- Below 100 Invoices
- GST Computation
- GSTR 1 Filing
- GSTR 3B Filing
- GST Reconciliation
- GST Payment
Tax Robo Family Auditor
All
₹7499 .00
* All Exclusive tax
- All GST Returns
- Unlimited Invoices
- GST Computation
- GSTR 1 Filing
- GSTR 3B Filing
- GST Reconciliation
- GST Payment
GST Compliance ManAgement Easy with Tax Robo
Monthly Compliances
✓ You know nowadays GST registration is made very easy but compliance is very complicated.
✓ Know about GST invoice formats and preparation the person is engaged in the inter-state supply of goods
✓ Know about eligible input credit
GST Records
✓ Maintain GST documents and accounts properly.
✓ Sending goods with e-way bill.
✓ Confirm GST return computation.
✓ Display GST certificate on office premises.
Working Capital Management- GST
✓ Proper working capital management is required for payment of GST Taxes.
✓ Frequently confirm GSTR 2a reconciliation.
Tax Robo Supports Simple GST Compliance Solution
Basic GST Training
- Train you for handling GST documents, input documents and invoices
- Product analysis with the questions whether the product under any restricted sales in India eg. Cement, Steel.
Regular Compliances
- Reminder for GST payments and avoid penal actions
- Filing return before the due date
- 100% Accurate filing
- Draft GST compuation send to client for confirmation
- Filing GST only after your confirmation
Reconciliation of GST
Frequently check your eligible ITC and prepare GSTR 2A reconciliation
Documents Required for GST Return Filings Online
GST Purchase
✓ Purchase Invoices.
✓ Invoice contains GST Number.
✓ Contains Invoice number & date.
✓ Descriptions of goods and services.
✓ Place of supply.
GST Sales
✓ Sales Invoice copy.
✓ Invoice contains GST Number.
✓ Contains Invoice number & date.
✓ Descriptions of goods and services.
GST Inputs Tax Credit(ITC)
✓ Input Bills copy.
✓ Invoice contains GST Number.
Advantages & Benefits of GST Registration in India
Compliances
- GST Compliances Safeguard Your Business
- GST Compliances Are Eligible For Business Loans
- GST Compliances Are Eligible For Govt Loans
- Customers Know About Your GST Compliances, Hence Business Relation Will Be Goods
Save Taxes
- Avoid Penal Actions
- GST Is Great Benefits For Business Persons, Only GST Collected From Customers Are Paying After Input Credit. Nothing From Your Pocket
- Tension Free Business For Non Compliances
- Avoiding Late Fees And Penalty
Error Free
- Total Elimination Of Clerical Error / Error- Free Return
- Tax Robo Recommends/Suggests Tax Savings Plan & Products To Clients
Compliance after GST Registration
Records
- File maintenance is very important
- Maintain your GST invoice and input documents in proper ordering
- Filing GST return before the due date is art of administration
- Periodical reconciliation is required
Working Capital
- Plan your prearation GST invoices and their collection before the GST payment date
- Consider month end prepartion GST Taxable invoices. If you have enough working capital.