DPC is not a commission/brokerage for sale/purchase of securities, Service Tax not Chargeable: CESTAT [Read Order]

The Tribunal concluded that DPC is not a commission/brokerage for sale/purchase of securities and hence there is no justification for inclusion of the same in the value of the services

By Yogitha S. Yogesh - On March 22, 2024 9:33 pm - 3 mins read

CESTAT Delhi - CESTAT - Excise - Customs - Service Tax - delayed payment charges - taxscan

The Delhi bench of Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) has held that delayed payment charges ( DPC ) is not a commission/brokerage for sale/purchase of securities and no Service Tax Chargeable. M/s Almondz Global Securities Ltd, the appellant has challenged the order whereby the Commissioner ( Appeals ) affirmed the…

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