Class Stock Online Without Gst
Description
How to fill out Terms Of Class One Preferred Stock?
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FAQ
Depository Participant (DP) charges are levied by the Central Depository Services (India) Limited (CDSL) when a trader sells a share from their DEMAT account. DP charges work in the same way as brokerage charges. The CDSL and the depository participant levy a fee of Rs 13.5 + 18% GST per day for every stock sold.
Zero-rated goods and services Some goods and services have GST charged at 0% ? these are called zero-rated supplies and are typically provided to people overseas. Zero-rated goods and services include products or services from New Zealand that are sold overseas, eg exports or some land transactions.
GST is not applicable to income from trading in stocks, shares, mutual funds, futures, options, etc.
Hence, GST is not charged on the sale value of your traded stocks. However, GST is applicable to the brokerage which is currently charged @ 18%.
If the stock sold as part of a going concern is necessary for the continued operation of the business, then the answer is 'no', you don't have to pay GST on it.