Trading of securities under service tax

29 Feb 2016 domestic shipping lines registered in India will pay service tax under 7.2 Services provided by Securities and Exchange Board of India (SEBI) set up under SEBI Act proposals either by the trade or by the field formations. Thai taxes applicable to investors in listed companies are as outlined below: trading occurs on the Thailand Futures Exchange Pcl (TFEX) or on the Stock VAT on service fees and commissions charged by securities brokerage companies. Open a new securities account on or before 31 March 2020, can enjoy Transactions under the Northbound or Southbound Trading of Shanghai-Hong Kong Stock To trade A-shares through our Stock Connect Northbound Trading Service,  1 Jan 2019 MELAKA: The scope of the Sales and Services Tax (SST) will be They included amusement park operations, securities brokerage and  18 Apr 2016 Budget 2016: Notification for Changes in Service Tax Services Covered Under Mega Exemption Notification (a) as a trade union; Securities and Exchange Board of India Act, 1992 (15 of 1992) by way of protecting the. 17 Apr 2016 Rule 2(a): Cenvat on Capital Goods: Now, Output Service Provider can In case of trading of securities, shall be the difference between the sale of tax as calculated under the option availed; or; in case of trading, shall be 

8 Jun 2012 Bringing securities within the ambit of goods is a consequential change and has no impact,” Mr J.K.Mittal, Co-Chairman, National Council on 

Records 1 - 20 of 827 Service Tax - Applicability of Service Tax on ambulance services provided to Government by private service providers under the National  Service Tax Chapter V of the Finance Act, 1994 (Amendment) (iv) securities and foreign exchange (forex) broking, and purchase or sale of foreign currency, (vii) by the owner of trade marks or brand name to the issuing bank under an  RHBInvest gives you robust online trading tools for stock trading and investing online across major Service Tax on brokerage and underwriting services. provided by Stock Brokers. A number of new services were brought under tax net over a period of time and 100 agricultural produce;. (e) trading of goods;.

Information about the financial services industry.

1.If you undertake only Trading activity then no service Tax is applicable. 2. Howevr, if you are providing taxable service and also undertake trading activities, you should keep in mind provisions of Rule 6 CCR while availing CENVAT credit for the purpose of Rule 6 Trading is an exempted service and you have to comply with rule 6 of CCR while taking CENVAT credit. Own Trading – when a broker enters into transaction on his own account with an investor, who is not a member of the stock exchange, the service provided is taxable service. (d) in case of trading of securities, shall be the difference between the sale price and the purchase price of the securities traded or one per cent of the purchase price of the securities traded, whichever is more. (e) shall not include the value of services by way of extending deposits, loans or advances in so far as the Further, since trading was not considered as an exempted service, some of the manufacturers as well as the service providers were taking advantage of the loophole and were taking cenvat credit of service tax paid on input services used in trading activity without any limitation.