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<h1>Electricity exchange services, approved under the Electricity Act, 2003, taxable for contracts before June 30, 2012.</h1> Services provided by an electricity exchange, approved by the Central Electricity Regulatory Commission under the Electricity Act, 2003, are taxable. These services relate to the trading, processing, clearing, or settlement of various electricity-related contracts, including spot, term ahead, seasonal, and derivatives contracts. The service receiver can be any person, while the service provider is the electricity exchange itself. This taxation framework was effective from July 1, 2010, and applies to services as they were defined on or before June 30, 2012.