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2023 (9) TMI 522 - AT - Service TaxLevy of service tax - computer to computer linkage charges - Stock Broking Company - HELD THAT:- This very issue in the appellant’s own case has been decided in their favour in EDELWEISS FINANCIAL ADVISORS LIMITED VERSUS COMMISSIONER OF CENTRAL EXCISE & ST, AHMEDABAD [2022 (12) TMI 975 - CESTAT AHMEDABAD] where it was 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] 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. From the above decision in the appellant’s own case, the issue in the present case is no longer res-integra. Hence, no further discussion is warranted to decide this appeal. The impugned order is set aside. Appeals are allowed.
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