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of <h1>Urgent Feedback Sought on Service Tax Issues for Brokers: Audit Visits, Timing of Charges, Disputed Transactions.</h1> The circular addresses issues related to the imposition of service tax on brokers, as raised by various Collectorates. Concerns include whether internal audits or audits by the Comptroller and Auditor General (C&AG) will involve visits to stock brokers' premises, the timing of when commission or brokerage is charged-either at contract entry or bill raising-and the applicability of service tax on disputed transactions where clients withdraw and refuse payment. The Board seeks urgent feedback on these matters to clarify the service tax collection process.
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