https://www.taxtmi.com/circulars?id=2778 Exchanges and their clearing houses render transaction-oriented services-trading facilitation, clearing and settlement, validation, account and payment maintenance-and process data incidentally without separate charges; these activities are services but do not fall within the taxable categories of provision and transfer of information and data processing, on-line information access, business auxiliary services, or club and association services. However, where exchanges supply on-line information to third parties for a separate payment, that supply is taxable. en-us Fri, 18 May 2007 00:00:00 +0530 Thu, 05 Jan 2012 12:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2778 Exchanges and their clearing houses render transaction-oriented services-trading facilitation, clearing and settlement, validation, account and payment maintenance-and process data incidentally without separate charges; these activities are services but do not fall within the taxable categories of provision and transfer of information and data processing, on-line information access, business auxiliary services, or club and association services. However, where exchanges supply on-line information to third parties for a separate payment, that supply is taxable. Circulars Service Tax Fri, 18 May 2007 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2778