https://www.taxtmi.com/forum/issue?id=109472 Premium received on issue of new equity shares is not treated as trading in securities and does not by itself attract service tax. Trading in securities is an exempted / negative list service, and where exempted services are rendered a manufacturer must maintain separate accounts or follow the prescribed apportionment/payment rules for exempted activities; reversal of CENVAT credit arises only if input credits relate to exempted services or accounting segregation is not maintained. en-us Tue, 01 Dec 2015 15:25:12 +0530 Thu, 23 Jan 2025 15:56:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109472 Premium received on issue of new equity shares is not treated as trading in securities and does not by itself attract service tax. Trading in securities is an exempted / negative list service, and where exempted services are rendered a manufacturer must maintain separate accounts or follow the prescribed apportionment/payment rules for exempted activities; reversal of CENVAT credit arises only if input credits relate to exempted services or accounting segregation is not maintained. Discussion-Forum Service Tax Tue, 01 Dec 2015 15:25:12 +0530 https://www.taxtmi.com/forum/issue?id=109472