https://www.taxtmi.com/circulars?id=5364 Commodity exchanges are brought within the service tax net w.e.f. 16.05.2008 and the taxable value includes all charges levied by exchanges (transaction, subscription, processing, VSAT). If brokers do not charge service tax on gross amounts the CENVAT chain breaks; therefore investors are liable to pay service tax on all charges including exchange levies. For periods before 16.05.2008, whether a broker was a pure agent is a factual question and the Service Tax (Determination of Value) Rules, 2006 illustrations are relevant. en-us Tue, 05 Aug 2008 00:00:00 +0530 Mon, 09 Jan 2012 15:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5364 Commodity exchanges are brought within the service tax net w.e.f. 16.05.2008 and the taxable value includes all charges levied by exchanges (transaction, subscription, processing, VSAT). If brokers do not charge service tax on gross amounts the CENVAT chain breaks; therefore investors are liable to pay service tax on all charges including exchange levies. For periods before 16.05.2008, whether a broker was a pure agent is a factual question and the Service Tax (Determination of Value) Rules, 2006 illustrations are relevant. Circulars Service Tax Tue, 05 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5364