How is the Goods and Services Tax (GST) computed on total charges at FYERS?
At FYERS, the GST rate is 18%, and it is applied to the total charges, which include both the brokerage and transaction charges (such as the Exchange Transaction fee and Clearing Member charges).
For Example:
Brokerage: ₹20
Transaction Charges: ₹10
Total Charges: ₹30
GST is calculated on the total charges:
In this case, the GST amount would be ₹5.40, which will be added to your total charges.
Related Articles
What are the DP charges at FYERS?
The DP charges at FYERS, effective from October 1, 2024, will be ₹3.5 per transaction when you sell shares from your DEMAT account. Additionally, depending on specific conditions, you may be eligible for discounted rates as outlined below: ...
Why might the actual charges differ from estimated charges on order execution?
Price break up is the estimated pricing chart which contains break up of brokerage and other charges to be levied if you place a specific order. The charges levied in the contract note might vary from the price break up table due to any of the ...
Are DP charges applicable for Buy Today Sell Tomorrow (BTST) transactions at FYERS?
Yes, DP charges are applicable for BTST transactions at FYERS. Shares are credited to your Demat account on the T+1 day and debited when sold, which incurs DP charges of ₹3.5 + GST. For more details on DP charges, kindly refer to this article. Note: ...
Does FYERS have hidden charges during trading?
No, FYERS does not have any hidden charges. We are committed to transparent operations, and all applicable fees are clearly stated upfront. If you ever need clarification on any fees, our team is available to assist. For detailed information on fees ...
Are there Annual Maintenance Charges (AMC) at FYERS?
No, there are no Annual Maintenance Charges (AMC) at FYERS.