SERVICE-TAX ON NSE/BSE/MCX/NCDEX/NSCCL/BIOSL/CCIL

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.... dated 11-10-2006, F. no. 171/dgcei/st/int/47/2006, dated 25-11-2006 on the above subject. 2. the stock exchanges like National Stock Exchanges (NSE)/Bombay Stock Exchanges (BSE) provide electronic, platform and other related services to facilitate and carry on trading shares, stocks, debentures, bonds and commodity etc. and to initiate, facilitate, promote, assist, undertake manage all activitie....

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....form of RBI, clearing and settlement is done by Clearing Corporation of India Ltd. (CCIL). Similarly, National Commodities & Derivatives Exchanges (NCDEX) and Multi Commodity Exchanges of India (MCX) provide electronic platform and other related services for trading in commodities. Further, commodity exchanges are also providing services of clearing and settlement of trade executed through them. ....

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....e data during the course of their business, the same is (i) only incidental to ensure transaction of stocks/commodities and their settlement, and is not the principal service provided by the Exchanges and their clearing houses (ii) no separate charges are collected for information and data processing or access/retrieval by the Exchanges/clearing houses during the course of such trading. The transa....