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    <title>Taxability of Processing or Clearing House Services</title>
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    <description>Service tax applies to services provided by a processing and clearing house-defined to include persons or clearing corporations authorised by recognised or registered exchanges or associations-where those services relate to processing, clearing and settlement of transactions in securities, goods or forward contracts, including incidental matters; the service may be supplied to any person and the provider of such services is the assessee liable for service tax.</description>
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