No service tax on transaction charge

Last updated: 06 September 2007

NEW DELHI: Clearing houses, stock exchanges and commodity exchanges have something to cheer about. Service tax would not be levied on the transaction charges collected by the bodies from their members. The Central Board of Excise & Customs (CBEC), in a communication to field formations, has clarified that services provided by National Stock Exchange, Bombay Stock Exchange, Multi Commodity Exchange, National Commodities & Derivatives Exchange, Clearing Corporation of India and electronic plat
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CMA Gul S

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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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