https://www.taxtmi.com/caselaws?id=368675 CTCL and depository charges collected by a stock broker as pass-through reimbursements were held outside the taxable value because only real brokerage or commission can be included in valuation. Service tax on mutual fund distribution and bond promotion was unsustainable where adjudication travelled beyond the show cause notice, and the demand also rested on a circular already struck down. Commission from sale of RBI bonds was treated as linked to Government securities and a sovereign function, so it was not liable to service tax. Once the substantive demands fell, the penalty under Section 76 also could not survive. en-us Mon, 09 Apr 2018 00:00:00 +0530 Fri, 12 Oct 2018 06:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368675 CTCL and depository charges collected by a stock broker as pass-through reimbursements were held outside the taxable value because only real brokerage or commission can be included in valuation. Service tax on mutual fund distribution and bond promotion was unsustainable where adjudication travelled beyond the show cause notice, and the demand also rested on a circular already struck down. Commission from sale of RBI bonds was treated as linked to Government securities and a sovereign function, so it was not liable to service tax. Once the substantive demands fell, the penalty under Section 76 also could not survive. Case-Laws Service Tax Mon, 09 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368675