From last Monday ie 18july, Zerodha has started charging higher IGST of 18.4% on brokerage and exchange transaction charges. This was earlier at 18%.
Does anyone know why?
I am attaching a snapshot of my contract note.
Exchange transaction charges 130.97
However IGST charged is 53.55 which is 18.4% instead of the standard 18% which was the case earlier.
Is this legal? To charge higher IGST than the standard. Zerodha has charged 18.4% on both Monday and Tuesday contract notes, so it’s not a one off mistake.
@ShubhS9 can you please reply on this?