https://www.taxtmi.com/caselaws?id=432707 The tribunal allowed the appeal of a stock broking firm regarding the inclusion of NSDL & CSDL charges in the assessable value for service tax. The tribunal held that these charges were not taxable as they were statutory charges under SEBI Rules and did not fall under the definition of commission or brokerage. Additionally, demat charges were not considered banking or financial services and were also deemed non-taxable. The tribunal emphasized the importance of clear statutory provisions in determining the taxable value for service tax purposes, setting aside the original decision and ruling in favor of the appellant. en-us Tue, 10 Jan 2023 00:00:00 +0530 Thu, 12 Jan 2023 07:22:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432707 The tribunal allowed the appeal of a stock broking firm regarding the inclusion of NSDL & CSDL charges in the assessable value for service tax. The tribunal held that these charges were not taxable as they were statutory charges under SEBI Rules and did not fall under the definition of commission or brokerage. Additionally, demat charges were not considered banking or financial services and were also deemed non-taxable. The tribunal emphasized the importance of clear statutory provisions in determining the taxable value for service tax purposes, setting aside the original decision and ruling in favor of the appellant. Case-Laws Service Tax Tue, 10 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432707