Classification of services - Throughout Appellants were ...

Service Tax Applies to Depository Operations for Information and Data Processing Services Under Banking and Financial Services.

June 12, 2020

Case Laws     Service Tax     AT

Classification of services - Throughout Appellants were providing for “provision and transfer of information and data processing” and these are provided in relation to their depository operations. Thus the services provided by them to Depository Participants are covered by the definition of Banking and Financial services and are liable to service tax under that category.

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