Claim of Exemption Limit in case of sub-stock broker, Service Tax

[puneet]

'X' is sub-stock broker not holding any brand name/mark but,the main broker(i.e stock broker) of which 'X' is a sub-stock broker holds TradeMark{like 'RST' DEALING IN SECURITIES SALES N PURCHASES}.Question is whether sub-stock broker is entitled to claim exemption of Rs.4Lacs (as sub agent of main broker holding Trademark).

Posts / Replies

[Manju]

"X" a sub borker engaged in the activity of broking under the Trademark of main broker shall not be entitled to avail the exemption of Rs. 4 Lakhs under notification no. 6/2005.