2018 (9) TMI 1445

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..... e services provided? Held that:- The appellant have discharged the tax liability on the actual brokerage amounts received by them from the sub-brokers and there is no question of any reference or reliance to the initial invoices raised by them, which have subsequently been consolidated at the end of the month and the actual brokerage amounts stands reflected therein - appeal allowed - decided i .....

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..... before the due date of filing of returns, could be excluded from the gross value of consideration received for the taxable services provided. The due date of filing of returns is the 05 th of the succeeding month. The petitioner receives a consideration from its sub-brokers for facilitating them to trade in its name, at a particular rate. On the basis of the volume of transactions, by the end of .....

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..... present appeal is prior to 2011. He further submits even if the extra amounts stand realized by them from the sub-brokers, the same were subsequently refunded by way of paper transaction and they have discharged their tax liability on the actual amounts recovered by them from the sub-brokers. The gross value received under Section 67 of the Finance Act, 1994 is the actual value that is received by .....

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