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2021 (9) TMI 604 - AT - Service TaxLevy of service tax - stock broker service or not - NSE/BSE transaction charges - SEBI turnover fees paid by the stock brokers to the concerned agencies and recovered from their client - HELD THAT:- This issue is no longer res- integra as this tribunal decided this issue in the case of M/S KUNVARJI FINSTOCK PVT LTD VERSUS C.S.T. -SERVICE TAX – AHMEDABAD [2018 (12) TMI 344 - CESTAT AHMEDABAD] where it was held that the charges realized by appellants were not being of commission or brokerage are not taxable and shall not form part of gross value of taxable service. Thus, the issue stands settled in favour of the assessee. Accordingly, NSE/BSE transaction charges and SEBI turnover fees is not liable to service tax under head of stock broker service - appeal allowed - decided in favor of appellant.
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