Transaction amounting to taxable service subject to service tax

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....eby informed that certain doubts whether the following transactions amount to taxable service subject to service tax have been raised for clarification from the Board :- (A) Jobbing - Transactions entered on principal to principal basis between member brokers of the same stock exchange. (B) Own Trading - Transactions entered on their own account by the brokers. (C) Arbitrage - Transaction....