Transaction Charges and Service Tax
This query is : Resolved
Dharmesh Udeshi
(Querist)
27 August 2007
Whether stock broker is liable to collect service tax on transaction fees collected from client and paid to Exchange???
The exchange do not charge service tax on transaction fees charged to the brokers are they liable to do the Same???
The exchange do not charge service tax on transaction fees charged to the brokers are they liable to do the Same???
30 October 2007
Yes. The stock brokers who issue contract for transaction and bills for settlement are liable to collect service tax.
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