Case Law Details
Case Name : Monarch Research & Brokerage P Ltd Vs C.S.T.-Service Tax – Ahmedabad (CESTAT Ahmedabad)
Appeal Number : Service Tax Appeal No. 588 of 2011
Date of Judgement/Order : 10/09/2021
Related Assessment Year :
Courts :
All CESTAT CESTAT Ahmedabad
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Monarch Research & Brokerage P Ltd Vs C.S.T.-Service Tax – Ahmedabad (CESTAT Ahmedabad)
The issue involved in this case is whether NSE/BSE transaction charges and SEBI turnover fees paid by the stock brokers to the concerned agencies and recovered from their client is liable to service tax under the category of stock broker service.
On Appeal CESTAT held that NSE/BSE transaction charges and SEBI turnover fees is not liable to service tax under head of “stock broker service.
FULL TEXT OF THE CESTAT AHMEDABAD ORDER
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