Service Tax - Exemption to Sub-brokers - Expanded

By Vijay Kumar

AS per Notification No. 31/2009-Service Tax, dated the 1st September, 2009, the taxable service referred to in sub-clause (zzb) of clause (105) of section 65 of the Finance Act,1994, provided by a sub-broker, to a stock-broker as defined in clause (101) of Section 65 of the Finance Act,1994, in relation to sale or purchase of securities listed on a registered stock exchange, is exempted.

Now, the words, “or authorised person, as the case may be, ”are added after,“ stock-broker” .

Now services provided by a sub-broker or authorized person, are exempted.

Notification No. 44/2011 – Service Tax., Dated: September 09, 2011