https://www.taxtmi.com/circulars?id=135 A broker's transaction is a Taxable Service when the broker functions as a principal in dealings with a non-member of the stock exchange; when the broker transacts on his own account as a constituent with another member (jobbing) on the exchange floor, that transaction is not liable to service tax. en-us Tue, 09 Sep 1997 00:00:00 +0530 Thu, 12 Jan 2012 16:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=135 A broker's transaction is a Taxable Service when the broker functions as a principal in dealings with a non-member of the stock exchange; when the broker transacts on his own account as a constituent with another member (jobbing) on the exchange floor, that transaction is not liable to service tax. Circulars Service Tax Tue, 09 Sep 1997 00:00:00 +0530 https://www.taxtmi.com/circulars?id=135