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of <h1>Ship Broking Services Classified as Business Auxiliary Services, Subject to Service Tax Under Finance Act 1994.</h1> The circular clarifies that ship broking services fall under Business Auxiliary Services and are subject to service tax as per the Finance Act, 1994. Ship brokers act on behalf of shipping lines or owners, ensuring contract conditions are met, monitoring cargo movement, and handling freight payments. Their activities are comparable to those of a commission agent, as defined under Section 65(19)(vii)(a) of the Finance Act. Consequently, ship brokers' services are taxable under Section 65(105)(zzb) of the Act. The notice instructs trade associations to inform their members about this tax liability.
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