https://www.taxtmi.com/article/detailed?id=977 Service tax applies to services in relation to forward contracts when provided by a member of a recognized or registered association; only brokerage and service charges disclosed on the contract note form the taxable value, statutory levies and the contract's notional value are excluded, transactions with no consideration are not taxable, and the member rendering the service is the assessee liable for service tax. en-us Tue, 05 Oct 2010 17:49:08 +0530 Tue, 05 Oct 2010 19:51:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=977 Service tax applies to services in relation to forward contracts when provided by a member of a recognized or registered association; only brokerage and service charges disclosed on the contract note form the taxable value, statutory levies and the contract's notional value are excluded, transactions with no consideration are not taxable, and the member rendering the service is the assessee liable for service tax. Articles Service Tax Tue, 05 Oct 2010 17:49:08 +0530 https://www.taxtmi.com/article/detailed?id=977