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of <h1>Government Clarifies Service Tax Applicability: Transaction Fees Taxable, STT and Stamp Duty Excluded as Pure Agent Expenses.</h1> Show Cause Notices were issued to various members of an association for the recovery of service tax on transaction charges, SEBI fees, DEMAT charges, and stamp duty. The government clarified that turnover charges, transaction charges, DEMAT charges, and SEBI fees are includible in the taxable value for service tax. However, Security Transaction Tax (STT) and stamp duty, being the liability of the buyer/seller and paid by brokers as pure agents, are not includible. The clarification emphasizes that costs incurred by service providers are part of the taxable value unless they act as pure agents for the client.
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