https://www.taxtmi.com/manuals?id=74 Service tax applies to services provided by a stock-broker in connection with sale or purchase of securities on a recognised stock exchange; statutory definitions for recognised stock exchange, securities and stock-broker (registration under SEBI rules) determine scope. Circular No. 96/7/2007 consolidates and withdraws earlier technical clarifications. A departmental communication explains that sub-brokers have been excluded from service tax coverage following regulatory changes and should not be taxed as stock-brokers or commission agents, with specific exemption notification to follow. en-us Sat, 19 Jan 2008 23:16:00 +0530 Fri, 22 Aug 2025 17:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=74 Service tax applies to services provided by a stock-broker in connection with sale or purchase of securities on a recognised stock exchange; statutory definitions for recognised stock exchange, securities and stock-broker (registration under SEBI rules) determine scope. Circular No. 96/7/2007 consolidates and withdraws earlier technical clarifications. A departmental communication explains that sub-brokers have been excluded from service tax coverage following regulatory changes and should not be taxed as stock-brokers or commission agents, with specific exemption notification to follow. Manuals Service Tax Sat, 19 Jan 2008 23:16:00 +0530 https://www.taxtmi.com/manuals?id=74