d08c4f03_nternational_in_bound___Page_3__Comment
[Reference Code] 034.03 / 01.07.07 [Issue] Whether depository services and Electronic Access to Securities Information (EASI) services provided by Central Depository Services (India) Ltd., (CDSL) is leviable to service tax under Banking and other Financial Services[section 65(105)(zm)]? [Comment] 
Definition of "Banking and other Financial Services" specifically includes "provision and transfer of information and data processing [section 65(12)(a)(vii)]". Services provided by CDSL falls within the scope of "provision and transfer of information and data processing". These services are not in the nature of "on-line information and data base access or retrieval services". Therefore, the depository services provided by CDSL including Electronic Access to Securities Information (EASI) for a fee are leviable to service tax under Banking and other Financial Services. [section 65(105)(zm)]
014 - Service Tax - Circulars - Year 2007 - Circular No.- 90 /1/2007, dated - 03-01-2007 - Applicability of service tax on international in-bound - Page 3
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