https://www.taxtmi.com/caselaws?id=431858 Section 67 of the Finance Act, 1994 was applied to restrict service tax on stock-broking receipts to commission or brokerage forming consideration for the taxable service. CTCL charges, depository charges, public issue charges and inter-settlement charges collected separately for third parties or statutory bodies were excluded from taxable value. The Tribunal also treated commission from mutual fund distribution, bank and company bond investments, and sale of RBI bonds as outside the tax net on the facts and precedent relied on, including the sovereign character of RBI bond transactions. Penalties under Sections 76 and 78 did not survive once the principal demands failed. en-us Wed, 21 Dec 2022 00:00:00 +0530 Thu, 22 Dec 2022 11:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431858 Section 67 of the Finance Act, 1994 was applied to restrict service tax on stock-broking receipts to commission or brokerage forming consideration for the taxable service. CTCL charges, depository charges, public issue charges and inter-settlement charges collected separately for third parties or statutory bodies were excluded from taxable value. The Tribunal also treated commission from mutual fund distribution, bank and company bond investments, and sale of RBI bonds as outside the tax net on the facts and precedent relied on, including the sovereign character of RBI bond transactions. Penalties under Sections 76 and 78 did not survive once the principal demands failed. Case-Laws Service Tax Wed, 21 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431858