{"id":29137,"date":"2022-08-22T19:59:31","date_gmt":"2022-08-22T14:29:31","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&p=29137"},"modified":"2022-09-02T15:04:28","modified_gmt":"2022-09-02T09:34:28","slug":"reversal-of-gst-itc-as-per-rule-42-43-valuation-of-future-option-transaction","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/reversal-of-gst-itc-as-per-rule-42-43-valuation-of-future-option-transaction\/","title":{"rendered":"Reversal of GST ITC as per rule 42\/43 & valuation of future option transaction"},"content":{"rendered":"

Stock broker is dealing in its own Ac in future & option of equity\/currency\/commodity\/index through stock exchanges.<\/p>\n

    \n
  1. Whether stock broker needs to revere the Common ITC on transaction on securities on above transaction of future & option?<\/li>\n
  2. If yes then, how to calculate sale value of security in case of future transaction of equity & index?<\/li>\n
  3. As per explanation value of security will be 1% of sale value of security. whether value of security is 1 % of notional sale value of securities or 1 % of net of difference between future buy & sale.?<\/li>\n
  4. Further how to calculate value of security in case of index future transactions?<\/li>\n
  5. Furthermore, how value exempted turnover in case of option transactions.?<\/li>\n
  6. whether value of security will be 1 % of notional sale value of securities or 1 % of net of difference between option premium of buy & sale.<\/li>\n
  7. Is there any change in the valuation mechanism in case of transaction in future option of currency or of commodity or of equity or of index?<\/li>\n<\/ol>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[340],"qa_category":[69],"qa_tag":[192,681],"class_list":["post-29137","qa","type-qa","status-publish","hentry","qa_expert-advocate-c-b-thakar","qa_category-gst","qa_tag-gst","qa_tag-reversal-of-gst"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/29137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/qa"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=29137"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=29137"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=29137"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=29137"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=29137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}