Does service tax needs to be paid
This query is : Resolved
Meenakshi . S
(Querist)
12 June 2013
Pls help,
One of my client is a stoct broker, but he derives most of his income by purchase and sale of shares, he earns only a minimum amount as brokerage. Should he pay the service tax according to the recent ammendment and from when on?
One of my client is a stoct broker, but he derives most of his income by purchase and sale of shares, he earns only a minimum amount as brokerage. Should he pay the service tax according to the recent ammendment and from when on?
CA Vikas Acharya
(Expert)
12 June 2013
no need to pay service tax, as there's no service tax on trading of shares, its only on commission/brokerage and only if that increases 10 lacs
Meenakshi . S
(Querist)
14 June 2013
Thank you.
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