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of <h1>Government Exempts Service Tax on Sub-Broker Services for Forward Contracts from 2004 to 2012 Under Finance Act 1994</h1> The Central Government has issued a notification regarding the non-levy of service tax on services provided by authorized persons or sub-brokers to members of recognized or registered associations concerning forward contracts. This notification acknowledges that service tax was not being levied on such services during the period from September 10, 2004, to June 30, 2012, despite being liable under the Finance Act of 1994. Consequently, the government has directed that service tax for this period will not be required to be paid, aligning with the prevalent practice during that time.
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