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    <title>Service tax - Show Cause Notices issued to various NSE Members of Association for recovery of Service Tax on Transaction charges of NSE, SEBI fees, DEMAT charges, Stamp Duty - reg.</title>
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    <description>Transaction charges of stock exchanges, demat charges and regulatory fees recovered by brokers are includible in the service tax taxable value as consideration; stamp duty and security transaction tax paid by brokers on behalf of clients while acting as a pure agent are not includible, provided the conditions for exclusion under the Determination of Value Rules are met.</description>
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      <description>Transaction charges of stock exchanges, demat charges and regulatory fees recovered by brokers are includible in the service tax taxable value as consideration; stamp duty and security transaction tax paid by brokers on behalf of clients while acting as a pure agent are not includible, provided the conditions for exclusion under the Determination of Value Rules are met.</description>
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