Business Auxiliary Services classification rejected on a prima facie view for stock broking and share transfer activities.

Services performed by a stock broker and share transfer agent were examined for possible classification as Business Auxiliary Services in a stay application. The tribunal noted that service tax was already being paid as a stock broker and that the activities did not involve promotion or marketing of goods. On a prima facie view, the service did not satisfy the ingredients of Business Auxiliary Services, and the stay request was rejected for want of merit.

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Issues: Whether the assessee's services as a stock broker and share transfer agent could be brought under Business Auxiliary Services for the purpose of the stay application.

Analysis: The order under challenge had already found that the assessee was paying service tax as a stock broker and that the activities in question did not involve promotion or marketing of goods. On a prima facie assessment, the service activity did not satisfy the ingredients of Business Auxiliary Services.

Outcome: No merit was found in the stay application and the request for stay was rejected.

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