How much GST is charged on Punch?

GST at 18% applies to brokerage and certain regulatory fees on every trade.

Written By Archit Sunat

Last updated 2 months ago

Understanding GST on your trades

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.

How is it calculated?

For example, if your brokerage on a trade is ₹1, and exchange turnover + SEBI fees come to a small amount, GST at 18% is calculated on the combined total of these three items. The exact amount will show up in your contract note and in the Charges section of the app.