https://www.taxtmi.com/caselaws?id=444521 Transaction charges recovered by stock brokers from clients were held includible in the taxable value for service tax because the amounts, though payable by brokers to the stock exchange under the regulatory framework, formed part of the consideration connected with the taxable service. Applying the valuation principle under section 67 of the Finance Act, 1994, the gross amount charged for the service was treated as taxable value. The contention that the charges were a statutory levy or a mere pass-through on behalf of clients was rejected, and the demand was sustained. en-us Fri, 13 Oct 2023 00:00:00 +0530 Wed, 18 Oct 2023 07:41:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444521 Transaction charges recovered by stock brokers from clients were held includible in the taxable value for service tax because the amounts, though payable by brokers to the stock exchange under the regulatory framework, formed part of the consideration connected with the taxable service. Applying the valuation principle under section 67 of the Finance Act, 1994, the gross amount charged for the service was treated as taxable value. The contention that the charges were a statutory levy or a mere pass-through on behalf of clients was rejected, and the demand was sustained. Case-Laws Service Tax Fri, 13 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444521