Levy of service tax on banking and financial services – Services provided by Department of Posts - Reg.

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..... **** Circular No. 83/1/2006-ST 4 th July, 2006. To, Chief Commissioners / Director General (All), Commissioners of Central Excise Service Tax (All). Sub: Levy of service tax on banking and financial services - Services provided by Department of Posts - Reg. **** I am directed to say that the scope of levy of service tax on "banking and other financial services" defined u .....

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..... ection 65(105)(zm) . The expression 'any other person' appearing in section 65(105)(zm) is to be read ejusdem generis with the preceding words. The expression 'other financial services' appearing under section 65(12)(a)(ix) is a residuary entry and includes those services which are normally rendered by banks or financial institutions. 4. Hence, banking and other financial services provided b .....

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