𝗖𝗘𝗦𝗧𝗔𝗧 𝗖𝗵𝗮𝗻𝗱𝗶𝗴𝗮𝗿𝗵 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗧𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻 𝗖𝗵𝗮𝗿𝗴𝗲𝘀 𝗳𝗼𝗿 𝗦𝘁𝗼𝗰𝗸 𝗕𝗿𝗼𝗸𝗲𝗿𝘀 📢 The Tribunal held: "Transaction charges collected by stock brokers from clients are taxable as these are considered as consideration towards the taxable service, not a statutory fee or levy."

🔍 𝗙𝗮𝗰𝘁𝘀: 𝗖𝗼𝗺𝗽𝗮𝗻𝘆: M/s H.B. Securities Ltd. 𝗜𝘀𝘀𝘂𝗲: Are transaction charges collected by stock brokers subject to service tax? 𝗔𝗰𝘁𝗶𝘃𝗶𝘁𝘆: Engaged in trading securities as stock brokers, the appellant collected transaction charges along with brokerage from clients.

⚖️ 𝗝𝘂𝗱𝗴𝗲𝗺𝗲𝗻𝘁: The Tribunal ruled that transaction charges paid to SEBI by stock brokers are not statutory levies but are part of the service consideration, making them subject to service tax. Referencing Sriram Insight Share Brokers Ltd., it upheld that charges passed to clients are taxable. Appeals were dismissed without changes.

𝗖𝗮𝘀𝗲 𝗜𝗻𝗳𝗼: 𝗧𝗶𝘁𝗹𝗲: M/s H.B. Securities Ltd. vs. The Commissioner of Central Excise, Delhi-IV 𝗦𝗲𝗿𝘃𝗶𝗰𝗲 𝗧𝗮𝘅 𝗔𝗽𝗽𝗲𝗮𝗹 𝗡𝗼. 60503 Of 2013 𝗢𝗿𝗱𝗲𝗿 𝗗𝗮𝘁𝗲: 13 October 2023 📜 This ruling affirms that transaction charges passed to clients are taxable as part of the stock broker's service.