What are the various statutory charges associated with trading and investing?
What are the various statutory charges associated with trading and investing?
While trading, you have to pay different statutory charges such as:
- Securities Transaction Tax (STT): These are charged on the value of securities traded.
- Exchange Transaction Charges: These are levied by stock exchanges for executing trade.
- Goods & Services Tax (GST): 18% GST is charged on brokerage + transaction charges.
- SEBI Turnover Fees: It is paid to SEBI for trade regulation and is charged on the total turnover.
- Stamp Duty: It is state state-wise duty charged on the value of securities transacted (applies at the time of order execution).
- Depository Charges: It is charged for demat account services like selling shares.