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Service tax of a sub broker

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 April 2015 A Pvt Ltd. company having subbrokership of a broaking firm. The company having brokarage above 10 lacs p.a. Is the comapny liabile to service tax Registration? Is the company submit the bill to the broaking firm with 12.36% service tax? Pls cleare me.

11 April 2015 subbroker to a member of stock exchange not liable for service tax.
https://taxguru.in/service-tax/notification-on-exempt-services-in-relation-to-sale-or-purchase-of-securities-listed-on-a-registered-stock-exchange-by-a-sub-broker.html

https://www.caclubindia.com/articles/service-tax-liability-on-sub-brokers-14345.asp


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