Processing and Clearing House - Taxable Services - As appliable on or before 30-6-2012 - Service Tax

Processing and Clearing House Service (W.e.f. 16-5-2008) What is taxable - 65(105) (zzzzi) Any service provided or to be provided to any person, by a processing and clearing house in relation to processing , clearing and settlement of transactions in securities, goods or forward contracts including any other matter incidental to, or connected with, such securities, goods and forward contracts; Who is the provider of service Processing and clearinghouse Who is the receiver of service Any person Meaning of processing and clearinghouse - 65(86d) "processing and clearinghouse" means any person including the clearing corporation authorised or assigned by a recognised stock exchange, recognised association or a registered association to perform the duties and functions of a clearinghouse in relation to, (i) the periodical settlement of contracts for, or relating to, the sale or purchase of securities, goods or forward contracts and differences thereunder; (ii) the delivery of, and payment for, securities, goods or forward contracts; (iii) any other matter incidental to, or connected with, securities, goods and forward contracts;