NISM Series XVI - Commodity Derivatives Exam Notes

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  • Sale of an option on commodity derivative -> 0.05 percent -> Paid By Seller
  • Sale of an option on commodity derivative, where option is exercised -> 0.0001 percent -> Paid By Purchaser
  • Goods and Services Tax (GST) is a destination based tax on consumption of goods and services which is levied at all stages right from manufacture up to final consumption with credit of taxes paid at previous stages available as setoff.
  • The GST levied by the Centre on intra-State supply of goods and/or services is called the Central GST (CGST) and that levied by the States is called the State GST (SGST).
  • Integrated GST (IGST) is levied and administered by the Centre on every inter-state supply of goods and services
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NISM Commodity Derivatives

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