Charges of Computer-to-Computer Linkage, Commission on Public Issue not leviable to service tax

Edelweiss Financial Advisors Limited Vs Commissioner of Central Excise (CESTAT Ahmedabad) CESTAT Ahmedabad held that service tax is not payable by Stock Broking Company on various charges like Computer to Computer Linkage charges, Commission on Public Issue and Inter Settlement charges. Facts- The issue involved in the present case is that whether the appellant, Edelweiss Financial Advisors Limited acting as Stock Broking Company are liable to pay service tax on various charges such as Computer to Computer Linkage charges, Commission on Public Issue and Inter Settlement charges. Conclusion- In...