https://www.taxtmi.com/caselaws?id=371130 The Tribunal ruled in favor of the stock broker, holding that charges paid to National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) were not liable to service tax. They emphasized that only commission or brokerage charges should be taxable, not other statutory charges. The Tribunal found that the Revenue failed to prove that the charges were in the nature of commission or brokerage, leading to the conclusion that the charges collected were not taxable. The decision was based on previous judgments and the strict interpretation of taxing statutes. en-us Tue, 27 Nov 2018 00:00:00 +0530 Thu, 29 Nov 2018 07:56:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371130 The Tribunal ruled in favor of the stock broker, holding that charges paid to National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) were not liable to service tax. They emphasized that only commission or brokerage charges should be taxable, not other statutory charges. The Tribunal found that the Revenue failed to prove that the charges were in the nature of commission or brokerage, leading to the conclusion that the charges collected were not taxable. The decision was based on previous judgments and the strict interpretation of taxing statutes. Case-Laws Service Tax Tue, 27 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371130