TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Service Tax Rules for Stock Brokers: Registration, Exemptions, and Transparency Clarified Under New Circular.</h1> The circular addresses various queries related to the applicability of service tax on brokerage services. It clarifies that a stock broker registered with the Kanpur Stock Exchange must register with the Collectorate of Central Excise, Kanpur, regardless of branch location. Sub-brokers are currently exempt from service tax. Transactions on the unrecognized Sikkim Stock Exchange are subject to service tax for stock brokers. Service tax should be transparently itemized in contract notes or bills. Commissions earned by service brokers acting as underwriters are not subject to service tax, as they pertain to floating securities rather than direct brokerage services.
TaxTMI 
TaxTMI 
