Stock brokers are intermediary u/s 2(113) of IGST Act : CBIC Clarify

By | June 4, 2018
(Last Updated On: June 4, 2018)

Do stock brokers fall in the  definition of “intermediary” under  section 2(13) of the IGST Act, 2017?

Yes. Since stock brokers arrange the supply of securities between two or more  persons, stock brokers would be covered by the definition of “intermediary”

Q 82 of GST FAQs on Financial Services Sector published by CBIC

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