2013 (9) TMI 862

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..... Justice G. Raghuram: The adjudicating authority confirmed service tax liability approx. Rs.16.4 lakhs on the assessee for having provided 'stock broker' service and banking and financial service. The petitioner preferred an appeal. The appellate authority granted relief in respect of certain components of the assessed liability i.e. in respect of late payment/trade violation charges and penalty i .....

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..... charged by a broker on the sale or purchase of securities including the commission or brokerage paid by the stock broker to any sub-broker, is included in the value of taxable services. The said Explanation fell for consideration before this Tribunal in LSE Securities Ltd. vs. C.C.E., Ludhiana 2013 (29) STR 591 (Tri-Del.). This Tribunal concluded that turnover charges, stamp duty, BSE charges, SE .....

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..... ropriately to be considered at the final hearing of the appeal. 5. For the nonce, we proceed on the premise that the judgment of this Tribunal in LSE Securities Ltd. governs interpretation of the taxable component of stock broking service both prior and subsequent to 18.4.06. On this analysis, we grant waiver of pre-deposit and stay all further proceedings pursuant to the impugned order of the Co .....

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