https://www.taxtmi.com/caselaws?id=371575 The Tribunal held that NSE/BSE transaction charges and SEBI turnover fees should not be included in the gross value of Stock Broker services for Service Tax purposes. Citing precedent judgments, the Tribunal emphasized that these charges, when collected separately and in accordance with regulations, should not form part of the taxable value. The Tribunal reaffirmed principles such as no implied power to tax, prospective application of amendments, and the burden of proof on the Revenue. Consequently, the Tribunal set aside the lower authority's decision, allowing the appeals with consequential relief. en-us Wed, 05 Dec 2018 00:00:00 +0530 Thu, 06 Dec 2018 10:34:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371575 The Tribunal held that NSE/BSE transaction charges and SEBI turnover fees should not be included in the gross value of Stock Broker services for Service Tax purposes. Citing precedent judgments, the Tribunal emphasized that these charges, when collected separately and in accordance with regulations, should not form part of the taxable value. The Tribunal reaffirmed principles such as no implied power to tax, prospective application of amendments, and the burden of proof on the Revenue. Consequently, the Tribunal set aside the lower authority's decision, allowing the appeals with consequential relief. Case-Laws Service Tax Wed, 05 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371575