Date of charging of commission/brokerage for the purpose of payment of service tax-reg...

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....rding the date on which commission/brokerage gets charged i.e. whether at the time of entering into contract or at the time of raising the bills for the purpose of payment of service tax. A further doubt has been raised relating to disputes transactions (where the investor withdraws from the transactions and does not pay for the shares purchases by stock broker for him) as to whether the service t....

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....ete transaction, no brokerage or commission is charged by the stockbroker and therefore, the value of taxable service in such cases would be nil. In that case, the stockbroker is not required to collect any service tax or pay any service tax to the Government. What is intended is that where any brokerage or commission is collected by a stockbroker, the stockbroker is liable to collect service tax ....