https://www.taxtmi.com/article/detailed?id=786 Service tax applies to electricity exchange services where an electricity exchange approved by the Central Electricity Regulatory Commission provides services in relation to trading, processing, clearing or settlement of spot, term-ahead, seasonal, derivative or other electricity-related contracts. The tax base is the gross amount charged for such services. CBEC has clarified these activities fall outside commodity forward-contract taxation, and transmission services remain specifically exempt. The electricity exchange approved by CERC is the person liable to pay the service tax on charges recovered. en-us Thu, 13 May 2010 17:34:39 +0530 Fri, 14 May 2010 04:58:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=786 Service tax applies to electricity exchange services where an electricity exchange approved by the Central Electricity Regulatory Commission provides services in relation to trading, processing, clearing or settlement of spot, term-ahead, seasonal, derivative or other electricity-related contracts. The tax base is the gross amount charged for such services. CBEC has clarified these activities fall outside commodity forward-contract taxation, and transmission services remain specifically exempt. The electricity exchange approved by CERC is the person liable to pay the service tax on charges recovered. Articles Service Tax Thu, 13 May 2010 17:34:39 +0530 https://www.taxtmi.com/article/detailed?id=786