Is GST applicable on MTF pledge charges?
It's 12₹ + GST or only ₹12 ?
Also, if I pledge more than 1 script at same day will it charge me ₹12 per script or ₹12 for all together?
GST on Pledge charges
Resolved
Best reply by Shruthi Shetty
Hi Archit, yes. GST is applicable on MTF pledge charges. If the charge is ₹12, GST at the current rate of 18% will be added. So, the total charge will be ₹12 + GST.
For example, if you pledge 3 ISINs (scripts) in MTF on the same day, the charge will be ₹12 per ISIN. This means the total charge would be:
Pledge charges: ₹12 * 3 = ₹36
GST (18%): ₹36 * 18% = ₹6.48
Total: ₹36 + ₹6.48 = ₹42.48
So, for pledging 3 ISINs in a day, the total charge would be ₹42.48.
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