Transaction amounting to taxable service subject to service tax

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Full Text of the Document

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....ollowing 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 - Transactions entered into by two brokers of different stock exc....