Depository service classification: electronic depository access treated as taxable banking and financial service, not exempted by e commerce guidance. Depository operations enabling electronic account access and transactions, including the 'easi' facility that charges fees, constitute depository service and are taxable as banking and other financial services because that category includes provision and transfer of information and data processing; an earlier clarification excluding e commerce from online information/database access does not exempt services otherwise covered under separate taxable service categories.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Depository service classification: electronic depository access treated as taxable banking and financial service, not exempted by e commerce guidance.
Depository operations enabling electronic account access and transactions, including the 'easi' facility that charges fees, constitute depository service and are taxable as banking and other financial services because that category includes provision and transfer of information and data processing; an earlier clarification excluding e commerce from online information/database access does not exempt services otherwise covered under separate taxable service categories.
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