Amit buys shares from a MF broking Limited, a stock broker in Delhi. Amit resides in Noida (U.P.)

As per the provisions of section 12(12) of CGST Act, the place of supply of banking and other financial services, including stock broking services to any person is the location of the recipient of services on the records of the supplier of services. However, if the location of recipient of services is not on the records of the supplier, the place of supply is the location of the supplier of services. Hence the place of supply Noida (U.P.). [Assumed that location of recipient of supply is on the records of supplier]