CESTAT Stay Petition: Service Tax Waiver on NSE/BSE Charges & SEBI Fees

The Appellate Tribunal CESTAT, Ahmedabad granted the Stay Petition, waiving the pre-deposit of Service Tax on NSE/BSE transaction charges and SEBI turnover fees. The Tribunal relied on precedent, determining that Service Tax does not apply to these payments. Recovery of the tax was halted pending the appeal's resolution.

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The Appellate Tribunal CESTAT, Ahmedabad allowed the Stay Petition for waiver of pre-deposit of Service Tax confirmed on NSE/BSE transaction charges and SEBI turnover fees. The Tribunal cited a previous case to support their decision, stating that Service Tax is not leviable on such payments. The waiver of pre-deposit was granted, and recovery stayed until the appeal is disposed of.

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