Question
As per the new rule the stock exchanges or the persons
dealing in securities market, will have to pay ____ GST on SEBI’s fee?Solution
All the market infrastructure institutions, companies who have listed/are intending to list their securities, other intermediaries and persons who are dealing in the securities market will need to pay the fees and other charges payable to SEBI shall be subject to GST (Goods and Services Tax) at the rate of 18 per cent with effect from July 18, 2022. Stock exchanges, clearing corporations and depositories come under market infrastructure institutions. SEBI Headquarters: Mumbai Chairman: Madhabi Puri Buch GST, or Goods and Services Tax, is an indirect tax imposed on the supply of goods and services. It is a multi-stage, destination-oriented tax imposed on every value addition, replacing multiple indirect taxes, including VAT, excise duty, service taxes, etc.
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