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of <h1>Service Tax Not Applicable on Trading Platforms, Except for Online Info Services Provided to External Entities.</h1> The circular addresses the applicability of service tax on services provided by stock and commodity exchanges and their clearing houses, such as NSE, BSE, MCX, and NCDEX. These entities offer electronic platforms for trading and settlement of securities and commodities. The Board concluded that the primary services provided by these exchanges and clearing houses do not fall under the categories of 'online information and database access or retrieval services,' 'provision and transfer of information and data processing,' or 'business auxiliary services.' However, if exchanges provide 'online information' services for a fee to external entities, such as market reporting agencies, those services are subject to service tax.
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