Service tax collected by banks

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Vicky Khiyani (Querist)
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31 December 2012 Plz may I know the services on which the bank collects service tax? I mean output taxable services of banks?

@VaibhavJ (Expert)
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31 December 2012 Hi,

Some of them are: Sale and Purchase of Foreign Exchange, Hire purchase and financial lease of goods & Chit Funds.

Thanks!!

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