Transaction amounting to taxable service subject to service tax

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..... 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 two brokers of different stock ex .....

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..... ice 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 transaction, the service so provided to .....

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