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.