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TMI BlogSUB-BROKER TO BE ADDED THE BROKER CENTRALIZED REGISTRATION OR NOTX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir, The company nature of business is stock broking. it is registered under NSE and BSE as per SEBI regulation. The assessee was created sub-brokers in all around India. The revenue has been generated from own branches as well as sub-brokers. The company is centralized service tax registration for their own branches not for sub-brokers. But entire broking charges are taxable at the hand of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... stock broker not from the sub-broker as per amendment M.F. (D.R.) letter D. O. F. No. 334/13/2009-TRU dated 06.07.2009. My question is : Whether SUB BROKER to be added the stock broker centralized registration or NOT - Reply By Pradeep Khatri - The Reply = There is no requirement to include the sub broker in the Centralized Registration Certificate. - Reply By parameswaran ra ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... malingam - The Reply = Thanks for your instant repy. pls provide if you having any notification or circular relating to non requirement of sub-brokers not to be added with stock broker centralized registration. - Reply By Vivek Harsh - The Reply = Notification No. 31/2009 -ST dated - 01-09-2009 Exempt Services in relation to sale or purchase of securities listed on a registered stock exchange ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... by a sub-broker................my view is that when stock brokers are exempt from services question of adding SUB BROKER to stock broker centralized registration or NOT doesnot arise. - Reply By DEV KUMAR KOTHARI - The Reply = Replies of learned readers is correct. There is exemption for services of sub-brokers, the exemption is also with a view to simplify the admininstration becasue in ca ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... se sub-brokers are not exempted, their services shall be input service to main broker/ member of S.E. and they will get credit for tax if levied by sub-broker. Therefore, sub-brokers need not be added in Centralized Registration. - SUB-BROKER TO BE ADDED THE BROKER CENTRALIZED REGISTRATION OR NOT - Query Started By: - parameswaran ramalingam Dated:- 28-2-2012 Service Tax - Got 4 Replies - Servic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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