Views On GST Roll Out - Zerodha

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."

Source : Equity Bulls

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