https://www.taxtmi.com/caselaws?id=363825 The Tribunal ruled in favor of the appellant, a service provider under the forward contract service category, regarding the taxability of brokerage, transaction, and turnover charges for Service Tax payment. The initial demand was set aside pre-15th May 2008, and the remaining demand post-16th May 2008 was dropped. Penalties under Section 78 were also set aside, with the appellant deemed not liable for the demand as they acted as a pure agent post-16th May 2008, collecting charges for the exchange, which paid Service Tax. The appellant was granted entitlement to Cenvat credit for input services, and all remaining demands, interest, and penalties were dropped. en-us Tue, 17 Jul 2018 00:00:00 +0530 Thu, 19 Jul 2018 06:01:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363825 The Tribunal ruled in favor of the appellant, a service provider under the forward contract service category, regarding the taxability of brokerage, transaction, and turnover charges for Service Tax payment. The initial demand was set aside pre-15th May 2008, and the remaining demand post-16th May 2008 was dropped. Penalties under Section 78 were also set aside, with the appellant deemed not liable for the demand as they acted as a pure agent post-16th May 2008, collecting charges for the exchange, which paid Service Tax. The appellant was granted entitlement to Cenvat credit for input services, and all remaining demands, interest, and penalties were dropped. Case-Laws Service Tax Tue, 17 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363825