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Transaction Charges and Service Tax

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(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???
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KAAPIL

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KAAPIL (Expert)
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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KAAPIL

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KAAPIL (Expert)
18 November 2007 I hope the query is esolved.
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