https://www.taxtmi.com/caselaws?id=412259 The tribunal held that NSE/BSE transaction charges and SEBI turnover fees paid by stock brokers and subsequently recovered from clients are not liable to service tax under the category of stock broker service. Citing previous decisions and legal principles, the tribunal emphasized that these charges, being statutory and not retained by brokers, should not be included in the taxable value of brokerage services. The demand for service tax on these charges was deemed unsustainable, and the tribunal allowed the appeal, clarifying that only commission or brokerage fees should be subject to tax. en-us Fri, 10 Sep 2021 00:00:00 +0530 Fri, 17 Dec 2021 17:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412259 The tribunal held that NSE/BSE transaction charges and SEBI turnover fees paid by stock brokers and subsequently recovered from clients are not liable to service tax under the category of stock broker service. Citing previous decisions and legal principles, the tribunal emphasized that these charges, being statutory and not retained by brokers, should not be included in the taxable value of brokerage services. The demand for service tax on these charges was deemed unsustainable, and the tribunal allowed the appeal, clarifying that only commission or brokerage fees should be subject to tax. Case-Laws Service Tax Fri, 10 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412259