As per government regulations, Goods and Services Tax (GST) is applicable on trading-related services in India. This is not a Punch-specific charge — all brokers are required to collect it.

What does GST apply to?

GST at 18% is levied on the following components of your trade:

Brokerage
Exchange turnover charges
SEBI turnover fees

GST is not charged on STT, stamp duty, or IPFT — those are separate government levies.

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