Claim of Exemption Limit in case of sub-stock broker

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'X' is sub-stock broker not holding any brand name/mark but,the main broker(i.e stock broker) of which 'X' is a sub-stock broker holds TradeMark{like 'RST' DEALING IN SECURITIES SALES N PURCHASES}.Question is whether sub-stock broker is entitled to claim exemption of Rs.4Lacs (as sub agent of main broker holding Trademark).

AI Summary

Sub-Stock Broker Denied Rs. 4 Lakh Service Tax Exemption; Not Eligible Under Notification No. 6/2005 Due to Trademark Use. A sub-stock broker, referred to as 'X,' who operates under the trademark of a main broker, inquired about eligibility for a Rs. 4 lakh exemption under service tax regulations. The main broker holds a trademark, while 'X' does not. The response clarified that 'X' is not entitled to the exemption under notification no. 6/2005, as the exemption does not apply to sub-brokers operating under a main broker's trademark.