Service tax of a sub broker

This query is : Resolved

Querist : Anonymous

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.

Aditya Maheshwari

Aditya Maheshwari (Expert)
Follow

11 April 2015 subbroker to a member of stock exchange not liable for service tax.
http://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