https://www.taxtmi.com/circulars?id=34 Taxable service for sale and purchase of securities is the service a stockbroker provides to an investor and is valued by the aggregate commission charged by that broker. When an investor engages a local broker who routes the order through another-exchange broker, two distinct taxable services exist because commission is charged by each broker; accordingly Service Tax applies on each broker's commission and does not constitute double taxation. en-us Wed, 17 Apr 1996 00:00:00 +0530 Thu, 12 Jan 2012 13:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=34 Taxable service for sale and purchase of securities is the service a stockbroker provides to an investor and is valued by the aggregate commission charged by that broker. When an investor engages a local broker who routes the order through another-exchange broker, two distinct taxable services exist because commission is charged by each broker; accordingly Service Tax applies on each broker's commission and does not constitute double taxation. Circulars Service Tax Wed, 17 Apr 1996 00:00:00 +0530 https://www.taxtmi.com/circulars?id=34