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of <h1>Service Tax for Stockbrokers Charged When Bill Raised, Not at Contract Signing; No Tax on Disputed Unpaid Deals.</h1> The circular addresses the timing for charging service tax on commission or brokerage by stockbrokers. It clarifies that service tax should be collected when the bill is raised, not at the contract signing. For disputed transactions where no payment is made, no service tax is due since no commission is charged. The circular emphasizes that each transaction should be billed separately or itemized in netted bills, ensuring transparency in service tax collection. It also stresses that the procedure for collecting service tax should be straightforward to facilitate compliance by stockbrokers.
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