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2022 (12) TMI 975 - AT - Service TaxLevy of service tax - various charges such as Computer to Computer Linkage charges, Commission on Public Issue and Inter Settlement charges - appellant acting as Stock Broking Company - HELD THAT:- In the light of decision of this Tribunal in M/S ANAGRAM STOCK BROKING LTD VERSUS COMMISSIONER OF SERVICE TAX, AHMEDABAD [2018 (10) TMI 641 - CESTAT AHMEDABAD] wherein the present appellant is also one of the appellants, has decided the same issue in their favour - it was held in the case that the allegation of the department that the demat charges collected by the brokers are banking and financial service, hence taxable, also devoid of merit in as much such charges are collected by the Appellant and paid to the depository participants viz. CDSL/NSDL who are authorised to levy such charges under the Depositories Act, 1996. The issue in hand is no longer res-integra - Appeal allowed.
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