https://www.taxtmi.com/caselaws?id=447849 Charges collected by a stock broker as demat/depository, transaction/administrative, and VSAP/TWS levies and passed on to stock exchanges or depository participants are not part of the broker's taxable value where they are mere reimbursements and not consideration for an independent service rendered by the broker. Taxable value in a stock-broker service is confined to commission, brokerage, or other receipts actually earned for services provided. Applying this principle and consistent tribunal precedent, the demand was held unsustainable and the impugned orders were set aside. en-us Wed, 03 Jan 2024 00:00:00 +0530 Fri, 05 Jan 2024 10:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447849 Charges collected by a stock broker as demat/depository, transaction/administrative, and VSAP/TWS levies and passed on to stock exchanges or depository participants are not part of the broker's taxable value where they are mere reimbursements and not consideration for an independent service rendered by the broker. Taxable value in a stock-broker service is confined to commission, brokerage, or other receipts actually earned for services provided. Applying this principle and consistent tribunal precedent, the demand was held unsustainable and the impugned orders were set aside. Case-Laws Service Tax Wed, 03 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447849