Note: Persons dealing in the securities market will need to pay a GST of 18% on the fees charged by the regulator SEBI. The new tax rate came into effect from 18th July 2022, the market regulator said in a circular.
The breakdown of all the statutory charges levied by the government are as follows:
| EQUITY | CURRENCY | COMMODITIES |
Upstox Charges | Equity Delivery | Equity Intraday | Equity Futures | Equity Options | Currency Futures | Currency Options | Commodity Futures | Commodity Options |
STT/CTT (Upto 31st March 2023) | 0.1% only on the turnover (on both buy & sell) | 0.025% only on sell side turnover | 0.01% only on sell side turnover | 0.05% only on sell side turnover | Zero | Zero | 0.010% only on sell side turnover (non-agri) | 0.05% only on sell side turnover |
STT/CTT (From 1st April 2023)
| 0.1% on buy & sell | 0.025% on the sell side | 0.02% on sell side | 0.1% on sell side (on premium) | |
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Transaction Charges | NSE
0.00322% per trade on buy & sell.
BSE
charges vary as per the scrip group | NSE
0.00322% per trade on buy & sell.
BSE
charges vary as per the scrip group | NSE
Exchange turnover charge: 0.00173%
BSE
Nil | NSE
0.035% (on premium)
BSE
0.0375% (on premium) | BSE: Currency Exchange turnover charges: 0.00022% NSE: Currency Exchange turnover charges: 0.0009% | BSE: Exchange turnover charges: 0.001% NSE: Exchange turnover charges: 0.035% | Non-Agri: 0.0026% on turnover | Exchange turnover charge: 0.05% |
BSE Transaction Charges | ₹3 per lakh - For stocks in group A, B, E, F, FC, G, GC, I, W & T ₹1000 per lakh - For stocks in group SS and ST ₹100 per lakh - For stocks in group XC, XT, XD, Z, P and ZP and M, MT ₹3 per lakh - For Offer to Buy Segment and Offer to Sale Segment under BSE. |
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SEBI Charges | ₹10 per crore on turnover plus 18% GST | ₹10 per crore on turnover plus 18% GST | ₹10 per crore on turnover plus 18% GST | ₹10 per crore on turnover plus 18% GST | ₹10 per crore on turnover plus 18% GST | ₹10 per crore on turnover plus 18% GST | ₹10 per crore on turnover plus 18% GST | ₹10 per crore on turnover plus 18% GST |
IPFT (Investor Protection Fund Trust) NSE
| ₹10 per lakh of the traded value
| ₹10 per lakh of the traded value
| ₹10 per lakh of the traded value
| ₹50 per lakh traded value (premium value)
| ₹0.05 per lakh of turnover
| ₹2 per lakh of premium for Options | - | - |
Stamp Duty | 0.015% or ₹1,500 per crore on buy-side | 0.003% or ₹300 per crore on buy-side | 0.002% or ₹200 per crore on buy-side | 0.003% or Rs 300 per crore on buy-side | 0.0001% or ₹10 per crore on buy-side | 0.0001% or ₹10 per crore on buy-side | 0.002% or ₹200 per crore on buy-side | 0.003% or ₹300 per crore on buy-side |
Note: Within the contract note, "STT - DEL" signifies the Securities Transaction Tax applied to delivery transactions, whereas "STT - SQUP" indicates Securities Transaction Tax charges for intraday transactions. Any charges that have been rounded will be denoted as "STT-RND".
*On July 1st, 2020, all states will charge uniform stamp duty. Until now, stamp duty was charged at different rates based on your resident state.The central government introduced changes to the Stamp Duty Act last year by introducing a uniform rate of stamp duty to apply on the trading of securities and commodities across all the states in India.
GST of 18% is applicable on transaction charges, brokerage and SEBI fees. For more details, click here
If your query is still not resolved, please raise a ticket here
To know more, you can also read: revision-in-stamp-duty-rates-on-1st-july-2020/
Happy Trading,
Team Upstox
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