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of <h1>Service Tax Applies to Commodity Exchange Charges Since 2008; Brokers Must Charge on Gross Amount per Rules, 2006.</h1> Commodity exchanges have been subject to service tax since May 16, 2008. This includes all service-related charges such as transaction, annual subscription, processing, and VSAT line charges. To maintain the CENVAT credit chain, brokers must charge service tax on the gross amount. Investors are responsible for paying service tax on all charges levied by the exchange. For periods before this date, whether a broker acted as a pure agent is a factual determination, guided by the Service Tax (Determination of Value) Rules, 2006.
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