https://www.taxtmi.com/caselaws?id=450234 CESTAT New Delhi ruled in favor of appellant stock broker, setting aside service tax demand on transaction charges and delayed payment charges. The tribunal held transaction charges collected from clients and remitted to stock exchange are not taxable as they don't relate to provision of taxable service. Delayed payment charges debited to client ledgers for late payments cannot be considered consideration for services rendered. Extended period of limitation, interest, and penalty were deemed inapplicable given the merit-based decision favoring appellant and established precedent recognizing bona fide confusion regarding taxable value determination for stock broker services. en-us Thu, 29 Feb 2024 00:00:00 +0530 Fri, 01 Mar 2024 07:31:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450234 CESTAT New Delhi ruled in favor of appellant stock broker, setting aside service tax demand on transaction charges and delayed payment charges. The tribunal held transaction charges collected from clients and remitted to stock exchange are not taxable as they don't relate to provision of taxable service. Delayed payment charges debited to client ledgers for late payments cannot be considered consideration for services rendered. Extended period of limitation, interest, and penalty were deemed inapplicable given the merit-based decision favoring appellant and established precedent recognizing bona fide confusion regarding taxable value determination for stock broker services. Case-Laws Service Tax Thu, 29 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450234