Stock Exchange Fee subject to Service Tax under RCM: CESTAT [Read Order]

Stock Exchange Fee - Service Tax - RCM - CESTAT - taxscan

The CESTAT, Ahmedabad bench has held that the stock exchange fee paid for availing stock exchange service shall be subject to service tax under Reverse Charge Mechanism (RCM) in terms of Section 66A read with Rule 2(1)(d)(iv) of Service Tax Rules, 1994. The appellant are engaged in the manufacturing of Bulk Drugs falling under the…

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