Levy of service tax on banking and financial services – Services provided by Department of Posts - Reg.

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.... Tax Research Unit **** Circular No. 83/1/2006-ST 4^th July, 2006. To, Chief Commissioners / Director General (All), Commissioners of Central Excise & Service Tax (All). Sub: Levy of service tax on banking and financial services - Services provided by Department of Posts - Reg. **** I am directed to say that the scope of levy of service tax on "banking and other financia....

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....rvice tax under section 65(105)(zm). The expression 'any other person' appearing in section 65(105)(zm) is to be read ejusdem generis with the preceding words. The expression 'other financial services' appearing under section 65(12)(a)(ix) is a residuary entry and includes those services which are normally rendered by banks or financial institutions. 4. Hence, banking and other financial servic....