https://www.taxtmi.com/caselaws?id=214044 For the relevant period, the taxable value of stock broking service was confined to commission or brokerage, with commission paid to sub-brokers, and did not extend to turnover charges, stamp duty, stock exchange charges, SEBI fees or demat charges recovered for remittance to statutory bodies. The Revenue failed to prove that those recoveries were consideration for broking service, so the demand on merits failed. The record also showed disclosure of brokerage, tax payment thereon and a bona fide dispute on valuation; absent deliberate suppression, wilful misstatement or intent to evade, the extended period of limitation could not be invoked and penalties were not sustainable. en-us Mon, 07 May 2012 00:00:00 +0530 Thu, 21 Aug 2014 12:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214044 For the relevant period, the taxable value of stock broking service was confined to commission or brokerage, with commission paid to sub-brokers, and did not extend to turnover charges, stamp duty, stock exchange charges, SEBI fees or demat charges recovered for remittance to statutory bodies. The Revenue failed to prove that those recoveries were consideration for broking service, so the demand on merits failed. The record also showed disclosure of brokerage, tax payment thereon and a bona fide dispute on valuation; absent deliberate suppression, wilful misstatement or intent to evade, the extended period of limitation could not be invoked and penalties were not sustainable. Case-Laws Service Tax Mon, 07 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214044