Service Tax not leviable on Charges collected on behalf of Stock Exchange: CESTAT [Read Order]
Service Tax not leviable on Charges collected on behalf of stock exchange, rules CESTAT
By Kalyani B. Nair - On January 18, 2024 9:33 pm - 2 mins read
The Ahmedabad Bench of the Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) observed that service tax is not leviable on charges collected on behalf of stock exchange.The appellant being the stock broker collected DEMAT and depository charges and the same is paid to Vadodara Stock Exchange Clearing House which is registered as…
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