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Brokerage & GST

Ritika has pa...

Question

Ritika has paid ₹14500 for buying 100 shares and paid ₹1500 as brokerage. What is the GST that is paid on the brokerage?

A

₹90

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B

₹180

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C

₹270

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D

₹135

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Solution

The correct option is C ₹270
The rate of GST on brokerage is 18%. (This is fixed)
Brokerage paid = ₹1500.
GST on brokerage = $\frac{18}{100} \times 1500$ = ₹270

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