Question 1

How is commodity brokerage usually calculated in India?

Accepted Answer

Most brokers charge either a percentage of the deal value (commonly 0.25%–1%) or a fixed rupee amount per quintal. Brokerage may be charged to the buyer, the seller, or both sides, depending on the trade and the relationship.

Question 2

Is GST applicable on brokerage?

Accepted Answer

Yes — brokerage and commission services attract 18% GST. Registered brokers must issue GST invoices for their brokerage and file it in returns.

Question 3

Do different parties get different rates?

Accepted Answer

Very commonly. Long-standing parties often get lower rates. This is exactly where diary calculations go wrong — and where software with per-party rates saves real money.

Question 4

Is this calculator really free?

Accepted Answer

Yes, completely free, no signup. It's built by Broker ERP — software that does this automatically on every sauda you enter.

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How brokerage is calculated in commodity trade

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