Monday, June 15, 2009

Service tax on business associates of stock brokers

It is reliably learned that Service Tax Dept is not likely to demand service tax from business associates of stock brokers.

It is understood that the department has now decided not to proceed further in this matter except in cases where show cause notices were issued. Show cause notices will, however, be proceeded with in the normal course as they cannot withdraw the notices once issued.

No comments: