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Service tax

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Querist : Anonymous

Querist : Anonymous (Querist)

15 July 2012 are banks liable to charge service tax oon ledger folio,postage charges?

saurav (Expert)
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15 July 2012 As per Circular No. F.No. 80/9/2004-TRU Dated 10.09.2004 regarding Banking and financial services include

" ...... Financial services would now also include specified financial services, namely , lending, issue of pay order, demad draft, cheque, letter of credit, bill of exchange, providing a bank guarantee, ...... and operation of bank accounts...."

considering above it may be construed that charges for opearation of bank account will attract service tax.

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