Classification of services - Banking and Other Financial ...

Providing Share Tips Excluded from "Banking and Other Financial Services" Classification Due to Lack of Advisory Role.

January 10, 2024

Case Laws Service Tax AT

Classification of services - Banking and Other Financial Services - They have not been guiding or suggesting any course of action to his customers. The appellant neither adviced nor guided the customers as to what quantity of share they can buy, when can they buy, when can they sell the share etc. Appellant have neither provided any broking or portfolio services nor has any details of the shares held by his customers - thus merely providing tips/information related to shares will not encompass the ingredients of ‘Banking and Other Financial Services’. - AT

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Classification of services - Banking and Other Financial ...

Providing Share Tips Excluded from "Banking and Other Financial Services" Classification Due to Lack of Advisory Role.

January 10, 2024

Case Laws Service Tax AT

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