2018 (6) TMI 708

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....rabhadra Reddy, JC (AR) for the Respondent. ORDER Per Bench The facts of the case are that M/s. Aditya Birla Money Ltd., the appellants herein are providers of  'Stock Broking and Depository Services'  and obtained service tax registration under the category of  "Stock Broking Service" .  The issue in dispute relates to the demand of service tax on  "transaction c....

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.... securities undertaken by various parties through stock brokers.  That as per the SEBI guidelines, the stock brokers are entitled to charge and collect the sae from their customers; that the said transaction charges are not at all gross amount charged for the services provided by the appellant and hence no service tax is payable by the appellant.  He further submitted that the demands ha....

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....longer res integra.  This Bench, following the earlier decision of the Tribunal in the case of First Securities Pvt. Ltd. Vs. CST, Bangalore   2007 (7) STR 690 (Tri.-Bang.) and LSE Securities Ltd. Vs. CCE, Ludhiana   2013 (29) STR 591 (Tri.-Del.) and in the case of M/s. Shreyas Stocks Pvt. Ltd. Vs. GST & CE, Chennai South vide Final Order No. 40412/2018 dated 08.02.2018, h....