Is the principal Stock Broker who pays brokerage to sub-broker,liable to charge Service Tax on brokerage paid?
Menu
S.tax liability in case of Stock Broker?
Replies (1)
Dear Sir.
Prior to 10/09/94, Sub-brokers were not covered for Service Tax Liability.
After 10/09/09, broker and sub-broker both are liable to pay service tax.
Accordingly, if principle broker have availed the service of sub-broker and paid brokerage to sub-broker, principle Broker is liable to Service Tax.
DILIP DARJI.
Recent Topics :
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
- Difference in TIS
- GSTR-9C Upload Status Error Occured
- “Income Tax Implications of Company-Related
- Advice needed: Hypothetical case of non-filing of
- Demand Raised for Cess Amount Despite Section 89 R
- WRONG BILL NO FILED IN GST R1
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
Related Topics :
CAclubindia
