Investment banking services - GST - Services Code / Scheme of Classification of Services

Scheme of Classification of Services S.No. Chapter, Section, Heading or Group Service Code (Tariff) Service Description (1) (2) (3) (4) 182 Group 99712 Investment banking services 183 997120 Investment banking services Explanatory Notes:- Based on the Modified Version of the United Nations Central Product Classification (UNCPC) 99712 - Investment banking services 997120 - Investment banking services This service code includes: - securities underwriting services - guaranteeing the sale of an issue of securities at a stated price from the issuing corporation or government and reselling it to investors - engaging to sell as much of an issue of securities as possible without making a guarantee to purchase the entire offering from the issuer