The Economic Times

GST clarification on foreign investor brokerage offers sentiment boost, analysts say

The Indian government has clarified that brokerage paid by overseas clients may qualify as an export service. This could help foreign investors avoid the 18% goods and services tax on brokerage fees. Analysts suggest this clarification is sentimentally positive amid significant foreign outflows from Indian stocks. There is ongoing speculation regarding potential cuts in capital gains tax ahead of the federal budget.