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    <title>No service tax payable on interest free security deposits taken from customer towards trading of shares</title>
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    <description>The Tribunal concluded that interest-free security deposits collected from clients for trading of shares do not represent the value of any taxable service, because they are held purely as refundable security to guard against client default and are not consideration for a service.</description>
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      <description>The Tribunal concluded that interest-free security deposits collected from clients for trading of shares do not represent the value of any taxable service, because they are held purely as refundable security to guard against client default and are not consideration for a service.</description>
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