Transaction amounting to taxable service subject to service tax

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..... in doubts whether the following transactions amount to taxable service subject to service tax have been raised for clarification from the Board :- (A) Jobbing - Transactions entered on principal to principal basis between member brokers of the same stock exchange. (B) Own Trading - Transactions entered on their own account by the brokers. (C) Arbitrage - Transactions entered into by tw .....

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..... vice provided will be taxable service and subject to service tax. (c) In case of arbitrage transaction i.e. the transaction between two brokers of different stock exchanges, the service is provided by a broker i.e. the member of a stock exchange to a non-member of that stock exchange even though the investor may be a member of another stock exchange. Their being an investor involved in the trans .....

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