IGST (Integrated Goods and Services Tax) is an Indian government tax charged at 18% on the brokerage amount for all US stock trades. It is applicable to Indian residents only.
Think of it the same way GST is applied on brokerage for your Indian stock trades and it works exactly the same way for US stocks too.
For example, if your brokerage on a trade is $1.00, IGST of 18% would be $0.18, making your total brokerage cost $1.18.
Easy & quick
Leave A Comment?