Service Tax applicability on stamp duty and transaction tax

[Guest]

is service tax to be deducted on stamp duty and transaction tax which is shown separatly in the invoice of brokerage charged.

[Madhukar N Hiregange]

The amount liable for service tax is the gross amount charged for the transaction from the servcie receiver.

AI Summary

Service Tax Must Be Applied to Gross Transaction Amount, Not Deducted from Stamp Duty or Transaction Tax. A query was raised about whether service tax should be deducted from stamp duty and transaction tax, which are separately listed on a brokerage invoice. The response clarified that service tax is applicable to the gross amount charged for the transaction from the service receiver.