Stamp duty for Uttar Pradesh increased by 25 Times

[MSN1979]

How can you call them Thugs?
They were directed to collect that particular amount, which they did. It will be deposited to the government. How can they refund it?
Its not a retrospective amendment. The 2 days that were chargeable on the higher side is not reversed by the UP Govt. Zerodha is not keeping the amunt.
Had it been retrospective, then you could ask them for a refund. In fact, if it were retrospective, they would refund without even asking.
Give them benefit of doubt guys.

Are u missing something here? Who is calling zerodha thug?

PS: HINT: System

 

[namelesswarrior]

I agree it's not Zerodha's fault. Though they and other brokers should send a circular to NSE so the UP government refunds us. In 2 days I paid Rs1300 extra

 

[ohenry]

Just now got an email from Upstox. To qote:

"Hi there,

The rate of stamp-duty on transactions of Securities & Commodities in the state of Uttar Pradesh has been revised from 1st April, 2019. Below is the old & revised structure of the stamp-duty:

OLD- 0.002% or max Rs. 1,000/day
REVISED- 0.05% or max Rs. 1,000/day

Since, these changes have come into effect from 1st April, 2019 the differential amount will be charged if any."

Now what sort of nonsense is this. IT Has already been rolled back a week ago and they are now asking for enhanced duty.