The issue involved in this matter is of interpretation of the statute, hence it is fit case to invoke section 80 of finance Act to waive penalty. You should also check other online reviews to find out if there are slippage problems or constant re"s from the broker. But you need to understand that there are differences between demo and live trading. It was said that the appellants paid service tax on the commission but not on the overriding commission. STO 2006 cestat 320 Facts about the Service Provided : Factual position as to what is the service being rendered is not on record.
High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. The 8th Africa Financial Expo will be taking place on 8-9 of December, 2018 at Johannesburg, South Africa. It is a 2 day event for traders, investors, affiliates, IBs, fintech companies and brokers from across Africa and the world.
STO 2013 cestat 142 Business Auxliiary Service: Job Work: Activities under taken by the appellant during the period April 07 to Sep 09 being a manufacturing activity carried out cannot be classifies as business support service and subjected to service tax. STO 2010 cestat 271 Service Tax: Business Auxiliary Services: Processing of Goods: Remand: Liability to service tax arises only.e.f. Absolutely no inquiry has been made with the respondents and no statement in this regard asking them about the source of the income declared to the income tax authorities has been recorded. STO 2004 cestat 113 Service Tax: Services of consulting engineer: Demand: Royalty received is not liable for service tax. However, these activities would assume the character of services exigible under the Act if the liquor received from the suppliers continued to be the property of various distilleries till its sale by the Corporation. Exemption can be availed only if (a) goods are produced using raw materials or semi-finished goods supplied by the client and goods so produced are returned back to the said client (b) for use in or in relation to manufacture of any goods falling under. Exemption is granted to services rendered by Call Centre or Medical Transcription Centre in terms of Notification 8/2003-ST dated. 24/2003 CE dated.3.2003 and as per the Explanation thereto appropriate duty of excise shall not include nil rate or duty of excise wholly exempt. The broker should be well funded, or have a trusted owner or parent company. Sign Up, free Demo, read ForexTime Review, your capital is at risk. Organization and selling of lotteries are globally treated as supply of service.
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