As per Zerodha charges list, there is no brokerage for equity delivery.
I placed a buy order and I have been charged under Taxable value of Supply (Brokerage)?
Why is this so? What is the point in saying Zero Brokerage for equity delivery.
Could someone provide some information in this?
Thanks in advance.
GST is applicable on Brokerage + Transaction Charge
Transaction Charge is levied by Exchange at 0.00325% (For NSE)
So, if you bought 100 Qty of X Share at 455.55 then
Brokerage = 0
Transaction Charge = 1.48 (0.00325% on Turnover)
GST on Brokerage = 0
GST on Transaction Charge = 0.27
These are the charges for buy order as in the image, it has both Taxable Value of supply and GST as well.
GST is applicable only on Brokerage and Transaction Charges.
What you see is, Just breakdown of GST, but your total GST will not exceed TransactionCharge * 18%
I’m taking my above example;
If you are resident of Karnataka, here is the GST breakdown
CGST = 0.133 (9% on Transaction Charge i.e. 1.48 * 9%)
SGST = 0.133 (9% on Transaction Charge i.e. 1.48 * 9%)
IGST = 0 (Applicable if you are outside of Karnataka)
else if you belong to other state
CGST = 0
SGST = 0
IGST =0.27 (18% on Transaction Charge i.e. 1.48 * 18%)
As you can see, your GST is 0.27 only on both case
Note :
Place of Supply determines which GST to collect, but the total % is remains same (18%)
If You and Zdha in same state,then it is Intra-State supply.
So 50% of tax will go to State Govt and 50% will go to central Govt.
If You and Zdha operates in different state, then it is Inter-State supply.
Central Govt will collect total GST.
Thanks, I understand the GST part, what is the charge in the name of Taxable Value of Supply (Brokerage)?
It’s your brokerage Charge and should be 0 for Delivery.
It’s just named like that as per GST.
Thanks. It is not Zero, it says 0.01.This is what I have been thinking why I have charged under Brokerage, though it is very small amount.
Unfortunately a service can’t be provided at absolutely 0 fee. Hence we put a token Rs 0.01 as a cost.
Thanks for the clarification.
Guys, Can anyone explain about this section, since I am totally confused about brokerage is 0 but still the money is getting drained.
thanks 
Apart from brokerage there is exchange transaction charges. There will be GST on that.
Can you explain how it’s 15.83 with the available numbers. I have been getting huge numbers in this column and I think Zerodha is charging us more brokerage through this saying it’s a flat charge
oh come on Zerodha also needs to make some 
right 
