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Brokerage & GST

Brokerage is ...

Question

Brokerage is always calculated on ___ value of shares.

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Solution

For providing service of buying and selling of shares, brokers charge some amount which is called brokerage. It is always calculated on Market Value of shares.

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Similar questions

Dividend is always calculated on the Face Value of a share.

Q. Fill in the blanks given in the contract note of sale-purchase of shares.
(B - buy S - sell)

No. of shares	MV of shares	Total value	Brokerage 0.2%	9% CGST on brokerage	9% SGST on brokerage	Total value of shares
100 B	Rs 45
75 S	Rs 200

Q. Smt. Kulkarni sold shares of face value

₹ 10

when the market value was

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₹ 59858.40

. She paid brokerage

0.2 %

and GST on brokerage

18 %

, then how many shares did she sell ?

Q. Smt. Desai sold shares of face value

R s .

100

when the market value was

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R s .

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. She paid brokerage

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G S T

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, then how many shares did she sell ?

Q. Shri. Batliwala sold shares of Rs

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and purchased shares of Rs

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in a day. He paid

0.1 %

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18 %

GST was charged on the brokerage. Find his total expenditure on brokerage and tax.

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