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TMI BlogSERVICE-TAX ON NSE/BSE/MCX/NCDEX/NSCCL/BIOSL/CCILX X X X Extracts X X X X X X X X Extracts X X X X ..... gcei/st/int/83/2005, dated 11-10-2006, F. no. 171/dgcei/st/int/47/2006, dated 25-11-2006 on the above subject . 2. the stock exchanges like National Stock Exchanges (NSE)/Bombay Stock Exchanges (BSE) provide electronic, platform and other related services to facilitate and carry on trading shares, stocks, debentures, bonds and commodity etc. and to initiate, facilitate, promote, assist, unde ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (NDS), the electronic platform of RBI, clearing and settlement is done by Clearing Corporation of India Ltd. (CCIL). Similarly, National Commodities Derivatives Exchanges (NCDEX) and Multi Commodity Exchanges of India (MCX) provide electronic platform and other related services for trading in commodities. Further, commodity exchanges are also providing services of clearing and settlement of trad ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... anges/transfer and provide online data during the course of their business, the same is ( i ) only incidental to ensure transaction of stocks/commodities and their settlement, and is not the principal service provided by the Exchanges and their clearing houses ( ii ) no separate charges are collected for information and data processing or access/retrieval by the Exchanges/clearing houses during th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e services. 5. However, if service of 'online information' is provided by exchange on payment basis to, say market reporting agency or any other person (i.e. television channels), the same is liable to service tax. 6. The pending issue may be decided on the aforesaid basis. - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia ..... X X X X Extracts X X X X X X X X Extracts X X X X
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