2014 (1) TMI 1248

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..... irmed the demand as provider of Stock Exchange Service, which is a different and distinct service. In these circumstances, we find merit in the contention of the appellant that the impugned order is beyond the scope of show-cause notice - Decided in favour of assessee. - ST/427/2012 - Final Order No. A/782/2012-WZB/C-I(CSTB) - Dated:- 20-9-2012 - Shri S.S. Kang and P.R. Chandrasekharan, Members .....

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..... show-cause notice as the Stock Broker Service and Stock Exchange Service are two different services under the Finance Act, 1994. 5. We have gone through the show-cause notice as well as the adjudication order. In the show-cause notice, the demand is made on the ground that the applicants are registered under the stock brokers services failed to declare the value of these services in their Servic .....

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..... services provided in relation to trading, processing, clearing and settlement of transactions in securities are taxable services. 8. As the show-cause notices were issued demanding duty as provider of Stock Broking Services, whereas the adjudicating authority has confirmed the demand as provider of Stock Exchange Service, which is a different and distinct service. In these circumstances, we fin .....

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