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2019 (8) TMI 1300 - AT - Service TaxValuation - stock broker services - NSE/BSE charges and SEBI turnover fees collected being a stock broker from their clients which is reimbursement of their payment made to NSE/BSE - inclusion in assessable value or not - HELD THAT:- The issue that whether the BSE/NSE charges and SEBI turnover fees needs to be included in the assessable value of services of stock broker has been settled by various judgments including the judgment of this bench in the case of INDSES SECURITIES AND FINANCE LTD, SPAN CAPLEASE PVT LTD AND OTHERS VERSUS C.S.T. -SERVICE TAX - AHMEDABAD [2018 (2) TMI 569 - CESTAT AHMEDABAD] according to which the statutory payment made by the stock broker and taking reimbursement from their client is not subject to levy of Service Tax. Appeal allowed - decided in favor of appellant.
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