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What is GST?

Goods and Service tax (GST) is levied by the Government @ 18% on brokerage & Exchange Transaction charges which are classified as IGST, SGST and CGST.

  • IGST: Integrated Goods & Services Tax (IGST) of 18% is applicable when there is an Inter-state transaction made i.e. the broker and client are from the different state.
  • SGST & CGST: Here GST of 18% is divided between State Goods & Services Tax (SGST) @ 9% and Central Goods & Services Tax (CGST) @ 9% is applicable when there is an Intra-state transaction made i.e. the broker and client are from the same state.

 

Since Tradejini is located in Karnataka, IGST is applicable for clients located in other states than Karnataka whereas SGST and CGST are applicable for clients located in Karnataka.