TMI Blog2017 (9) TMI 1194X X X X Extracts X X X X X X X X Extracts X X X X ..... with regard to levy of Service Tax on the transaction and other charges by a stock broker - In the present case, since the proceedings were initiated by the Department beyond the normal period of limitation, the demand confirmed cannot be sustained on the ground of limitation - appeal allowed - decided in favor of appellant. - ST/1681/2011-ST [DB] - ST/A/55919/2017-CU[DB] - Dated:- 4-8-2017 - M ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of ₹ 14,37,688/- alongwith interest was confirmed against the appellant. The ld. Commissioner (Appeals) vide the impugned order upheld the adjudged demand. 3. The ld. Advocate appearing for the appellant submits that the proceedings initiated by the Department is barred by limitation of time inasmuch as, the period in dispute is from 01.10.2005 to 31.05.2008, whereas the show cause notice ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cords. 6. We find that the issue with regard to levy of Service Tax on transaction fees or transaction charges is highly contentious and the Tribunal in the case of LSE Securities Ltd. (Supra) has held that such charges will not be subjected to levy of Service Tax. Further, we also find that the Board vide its circular dated 17.09.2010 clarified that such charges should be included in the v ..... X X X X Extracts X X X X X X X X Extracts X X X X
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