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Issue of equity shares at premium whether exempted service? (whether this activity is 'trading in securities')

Service Tax - Started By: - Yatin Bhopi - Dated:- 1-12-2015 Last Replied Date:- 9-12-2015 - Dear exeprtsWe are manufacturer and public limited company. recently we have gone through excise audit.We have securities premium account where premium receiv .....

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is exempted service (trading in securities) and they are asking us to reverse the CENVAT credit according to CCR 6 (3).Please let me know the legal position and your view in this matter. - Reply By Rajagopalan Ranganathan - The Reply = Sir,Please in .....

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of reversing any cenvat credit taken. - Reply By Ganeshan Kalyani - The Reply = By issuing shares you have not provided any service. in fact it is trading I.e. buying and selling of shares where no service tax is involved by any means. Hence no quest .....

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