Service Tax not payable on NSDL/CSDL charges recovered by broker from client

Saurin Investments Private Limited Vs C.S.T.-Service Tax (CESTAT Ahmedabad)

The dispute relates to includability of NSDL/CSDL charges paid by the appellant to the depositories. The same is recovered by the appellant from their clients. The appellant had not included the said amounts in the assessable value for the purpose of payment of service tax. It is noticed that in the appellant’s own case, the tribunal vide Order No. A/1538/WZB/AHD/2009 dated 16.07.2009 has allowed the exclusion of the said charges from the assessabl

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