https://www.taxtmi.com/forum/issue?id=1560 Levy of service tax on transaction charges depends on whether such charges are shown separately and passed through to the stock exchange, qualifying as reimbursement of expenses if the broker is a pure agent. If the broker bears the obligation to pay the charges, they form part of the taxable consideration; factual analysis of billing, contractual incidence, and application of the pure agent criteria under service tax valuation rules is required. en-us Sat, 24 Oct 2009 10:25:31 +0530 Thu, 23 Jan 2025 15:58:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1560 Levy of service tax on transaction charges depends on whether such charges are shown separately and passed through to the stock exchange, qualifying as reimbursement of expenses if the broker is a pure agent. If the broker bears the obligation to pay the charges, they form part of the taxable consideration; factual analysis of billing, contractual incidence, and application of the pure agent criteria under service tax valuation rules is required. Discussion-Forum Service Tax Sat, 24 Oct 2009 10:25:31 +0530 https://www.taxtmi.com/forum/issue?id=1560