https://www.taxtmi.com/caselaws?id=360658 The Tribunal held that turn over charges/transaction fees collected by stock/commodity brokers should not be included in the gross value for Service Tax levy as they are not akin to commission or brokerage. Relying on a Supreme Court judgment, the Tribunal emphasized that the valuation of taxable services should strictly focus on the consideration paid for providing the specific taxable service, excluding other expenses. Consequently, the Tribunal allowed the appeals in favor of the appellants, emphasizing that charges like turn over charges/transaction fees should not form part of the gross value for Service Tax purposes. en-us Thu, 22 Mar 2018 00:00:00 +0530 Mon, 21 May 2018 08:24:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360658 The Tribunal held that turn over charges/transaction fees collected by stock/commodity brokers should not be included in the gross value for Service Tax levy as they are not akin to commission or brokerage. Relying on a Supreme Court judgment, the Tribunal emphasized that the valuation of taxable services should strictly focus on the consideration paid for providing the specific taxable service, excluding other expenses. Consequently, the Tribunal allowed the appeals in favor of the appellants, emphasizing that charges like turn over charges/transaction fees should not form part of the gross value for Service Tax purposes. Case-Laws Service Tax Thu, 22 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360658