Exemption for sub-broker services removes service tax on services to stock-brokers relating to listed securities transactions. The Central Government exempted the taxable service provided by a sub-broker, extended to include an authorised person, to a stock-broker in relation to the sale or purchase of securities listed on a registered stock exchange, removing the whole of the service tax leviable on that service under the Finance Act; the notification was subsequently rescinded and the authorised person insertion was made by a later amendment.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Exemption for sub-broker services removes service tax on services to stock-brokers relating to listed securities transactions.
The Central Government exempted the taxable service provided by a sub-broker, extended to include an authorised person, to a stock-broker in relation to the sale or purchase of securities listed on a registered stock exchange, removing the whole of the service tax leviable on that service under the Finance Act; the notification was subsequently rescinded and the authorised person insertion was made by a later amendment.
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