2011 (7) TMI 780 - AT - Service Tax

Whether transaction charges collected by the stock brokers which are to be paid to the National Stock Exchange are not to be included to the brokerage charges for the purpose of levy of service tax - Held that this issue is already settled by the Tribunal in the case of Steel City Securities Ltd Vs CCE, Hyderabad (2008 -TMI - 33122 - CESTAT BANGLORE) Decided in favor of the assessee

Summary

The Appellate Tribunal CESTAT, Delhi allowed a Misc Application for bringing documents on record. The appeals by Revenue against including transaction charges in brokerage charges for service tax were dismissed as the issue was settled in previous Tribunal decisions. The appeals were dismissed, and Cross Objection was disposed of accordingly.