It is a direct tax collected by State Governments under Section 3 of the Indian Stamp Act, 1899. A Stamp Duty paid document is considered a legal document which can be presented as evidence in court of law. As per Government Notification (CG-DL-E-30032020-218954) dated 30th March 2020, the implementation of Unified Stamp Duty is effective 01st of July 2020 replacing the existing state wise levy ...read more.
Dp charges include the following: 1: AMC (Annual maintenance charges)Rs. 300 + GST per year 2: DP transaction charge of Rs.14.5+ GST per scrip (for any value)will be debited for all sell side transaction only. 3: For Mutual Fund Rs.14.50 + GST per folio (for any value) will be debited for Demat redemption. 4: As per Govt Notification w.e.f. 01st Jul 2020 all Off Market Transactions in Demat account would be subject to stamp duty charges on upfront basis @ 0.015% of the consideration value. 5: DP transaction charge of Rs.14.5+ GST per scrip (for any value) will be debited for all stock movements from client account to Tradejini Margin Account.
In case clients are unable to trade on their own due to various reasons including loss of internet connectivity etc., they can call Tradejini Dealing Desk to place orders on their behalf which is Call N Trade, In case of such executed orders, we charge a nominal fee of Rs. 20 + GST Per executed Order.
AMC is charged only to Demat account holders and Yes AMC will be charged even if there are no transactions. The charge is once a year @ Rs. 300 + GST.
Goods and Service tax (GST) is levied by the Government @ 18% on brokerage & Exchange Transaction charges which are classified as IGST, SGST and CGST. IGST: Integrated Goods & Services Tax (IGST) of 18% is applicable when there is an Inter-state transaction made i.e. the broker and client are from the different state. SGST & CGST: Here GST of 18% is divided between State Goods & Services Tax (SGST) @ 9% and Central Goods & Services Tax (CGST) @ 9% is applicable when there is an Intra-state transaction made i.e. the broker and client are from the same state. Since Tradejini is located in Karnataka, IGST is applicable for clients located in other states than Karnataka whereas SGST and CGST are applicable for clients located in Karnataka.
The SEBI charges is calculated presently @ Rs. 10 per crore (w.e.f. 01.06.2021) for both Intraday and Delivery trades on the traded volume of the customer in all segments.