Rate of GST on brokerage is-

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12%

18%

28%

answer is C.

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Detailed Solution

Concept- The Goods and Services Tax (GST) , which went into force on July 1, 2017, is an indirect tax that is applied to the delivery of goods and services in India. Five separate tax slabs are used to divide the goods and services tax for tax collection. However, some of the goods are not GST-taxable.
First and foremost, we need to be aware that the GST slab for tax collection only ranges from 0% to 5% to 12% to 18% and 24%.
However, a special charge of 0.25 percent and 3 percent, respectively, shall apply to rough precious and semi-precious stones and gold, respectively.
All commission and brokerage income is also subject to GST. And in order to do that, we need to know the role broker for which he qualifies for GST.
The middleman who conducts the supply of products and services on another person's behalf.
All taxable value of supplies made by an agent, including the sale or purchase of advertising space or time, are subject to GST at a rate of 18 percent.
Therefore, the GST rate on brokerage is 18%.
Hence, the correct option is 3) 18%

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