2007 (1) TMI 631

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..... Sameer Jain, Advocates, for the Appellant. Shri Amit Jain, SDR, for the Respondent. ORDER [Order per : S.S. Kang, Vice-President]. - Heard both sides. 2. The applicant filed this application for waiver of amount of Service Tax of ₹ 7,45,634/- and penalties. The contention of the applicant is that they are registered with the Service tax authorities as stock broker and they are payin .....

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..... ice tax on this amount also. 4. We find that the applicants were separately showing the turn over tax in the contract note issued to the clients as turnover tax and this is to be deposited with the recognized stock exchange where the applicant has registered and is not part of brokerage. In these circumstances, we find, prima facie, the applicant had a strong case in their favour, therefore, .....

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