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Sub broker

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Amit Raghav

Amit Raghav (Querist)
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04 May 2013 sir after 2009 service tax is not levied on sub broker whether after introduction of negative list approach they shall be liable to pay if gross commission exceed 9 lakh

CA Mahavir Shah

CA Mahavir Shah (Expert)
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06 May 2013 No, they are exempt from Service Tax liability. Because Government has shifted liability to pay Service Tax on the person who is paying Sub-Brokerage / Commission.

Amit Raghav

Amit Raghav (Querist)
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06 May 2013 sir please provide me the notification

CA Mahavir Shah

CA Mahavir Shah (Expert)
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07 May 2013 It is clearly provided in Mega Exemption Notification No - 25/2012.

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