General Trading Chat

bhai, on 25 March the Bank Nifty OI Decreased according to your own OI Column Data. Then how come you have marked it as a Short Buildup Day ? Am I missing something ?

Also checkout the 25 March interpretation on this thread - https://www.traderji.com/community/threads/open-interest-analysis.105576/page-38#post-1349933

Thanks and regards
 

Blackhole

Well-Known Member
bhai, on 25 March the Bank Nifty OI Decreased according to your own OI Column Data. Then how come you have marked it as a Short Buildup Day ? Am I missing something ?

Also checkout the 25 March interpretation on this thread - https://www.traderji.com/community/threads/open-interest-analysis.105576/page-38#post-1349933

Thanks and regards
yeah actually it was long unwinding but ssome short buildup was seen but data was not clear cause of put unwinding /premium erosion on calls and futures + huge FII buys of Option over 3000 crore(not accurate)
 
In our contract note, the GST is charged on which charges ? Can two brokers having the same brokerage structure have different GST ?

What about "Exchange Transaction Charges"

What is this "Clearing Charge" that zerodha claims to have waived off ? Some other brokers don't have it in their brokerage calculator. Is it included in exchange transaction charges ?
 
In our contract note, the GST is charged on which charges ? Can two brokers having the same brokerage structure have different GST ?

What about "Exchange Transaction Charges"

What is this "Clearing Charge" that zerodha claims to have waived off ? Some other brokers don't have it in their brokerage calculator. Is it included in exchange transaction charges ?
In simple terms, GST is a tax applied on incomes of non-government, private entities, so it is applied on Exchange Turnover Charges (which is Exchanges' income), Clearing Charges (income for the clearing-houses) & brokerage (obviously, income to the brokers); rest of the stuff like STT, Stamp Duty, SEBI Charges, etc. are taxes themselves, so no GST on them.

Often, Exchange Turnover Charges & Clearing Charges are clubbed together as one Transaction Charges since they relate to the trade transactions. Some brokers, like, Finvasia, IB & others clear their own trades, so they don't have to pay Clearing Charges to someone else, so they don't levy those charges on their customers whereas brokers that don't clear their own trades, have to pay clearing charges to a clearing house to clear their trades, & obviously, those brokers pass those charges on to their customers.

Edit : Forgot to mention that, YES, two brokers with the same brokerage-structure can end up with different GST amounts, given that there might be differences in Clearing Charges charged by each one of them.

Fyers GST.png




Zerodha GST.png
 
Last edited:
In simple terms, GST is a tax applied on incomes of non-government, private entities, so it is applied on Exchange Turnover Charges (which is Exchanges' income), Clearing Charges (income for the clearing-houses) & brokerage (obviously, income to the brokers); rest of the stuff like STT, Stamp Duty, SEBI Charges, etc. are taxes themselves, so no GST on them.

Often, Exchange Turnover Charges & Clearing Charges are clubbed together as one Transaction Charges since they relate to the trade transactions. Some brokers, like, Finvasia, IB & others clear their own trades, so they don't have to pay Clearing Charges to someone else, so they don't levy those charges on their customers whereas brokers that don't clear their own trades, have to pay clearing charges to a clearing house to clear their trades, & obviously, those brokers pass those charges on to their customers.

Edit : Forgot to mention that, YES, two brokers with the same brokerage-structure can end up with different GST amounts, given that there might be differences in Clearing Charges charged by each one of them.

View attachment 34159



View attachment 34160
Suppose I buy 100 equity @118 and sell at 118.1, then the STT should be the same for both of them ? How come it is different ? Are they allowed this kind of rounding off ? Also, with clearing charges being zero, the transaction charges should be lower for Zerodha, but it isn't.

1553609224667.png


1553609251447.png
 
Suppose I buy 100 equity @118 and sell at 118.1, then the STT should be the same for both of them ? How come it is different ? Are they allowed this kind of rounding off ? Also, with clearing charges being zero, the transaction charges should be lower for Zerodha, but it isn't.

View attachment 34164

View attachment 34165
Right, STT is a tax, which is same for everyone but I guess Zerodha might be skimming off the top with that rounding off; I don't know if that's legal or illegal but it's certainly not in the right spirit, so you can e-mail them about it & ask, if you feel sufficiently inclined to do so. They were probably clearing their equity trades themselves, so no new benefit there.
 

Similar threads