"No service tax required to be paid on services provided by an authorised person or sub-broker to the member of a commodity exchange (in relation to a forward contract), in respect of such taxable service on which the service tax was not being levied during the period commencing September 10, 2004 and ending June 30, 2012," it said.
A circular in this regard has been issued by the Central Board of Excise and Customs (CBEC).
The clarification is in "accordance with the prevalent practice" during the period, the Ministry added.
Service tax is levied at the rate of 12 per cent.
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