Quote || Zerodha's Views On GST Roll Out

Posted by: at 6/30/2017 05:37:00 am

Nithin Kamath, Founder & CEO, Zerodha, "As far as trading and investments in the capital market is concerned, I do not think GST will have a great impact. The service tax charged on 'brokerage and transaction charges' will increase from current 15% to 18%. However, brokerage charges on equity delivery are zero with Zerodha, hence the impact of 18% increase will not really burden our customers. At a broader level, GST roll out is a huge positive for the country. Agreed, the initial few months can be chaotic with the clarity needed on many fronts. However, in the long run, GST is the way forward."

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