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 27 days 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.