Derivatives trading will be service tax free from July 1

The Finance Ministry has made it clear that it has no intention to levy any service tax on derivative transactions even in the negative list regime. From July 1, services taxation will be under a negative list approach whereby all services except a specified list of 17 services would attract service tax
http://www.thehindubusinessline.com/markets/stock-markets/article3505629.ece

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