Question

A person has paid Rs. 15,075 for buying 100 shares. In that Rs. 75 is the brokerage. So the buyer man
pay 18% GST on Rs. 75. Let us find the amount of GST he paid to the broker and prepare the contract
note​

Answer 1

no. of shares bought = 15,075 ×100

1507500rupess

gst on brokerage = 18÷100×75

= 13.5

Answer 2

Thus the percentage of G.S.T on brokerage is 13.5 %

Step-by-step explanation:

We are given that:

Paid amount = 15,075 Rs

Brokerage = 75 Rs

G.S.T on 75 Rs = 18 %

Solution:

Number of shares bought = 15,075 ×100

Number of shares bought = 1507500 Rs

G.S.T on brokerage = 18 / 100×75

G.S.T on brokerage = 13.5 %

Thus the percentage of G.S.T on brokerage is 13.5 %