Underwriter - Taxable Services - As appliable on or before 30-6-2012 - Service Tax

Underwriter's service (w.e.f. 16.10.1998) What is taxable - 65(105)(z) Any service provided or to be provided to any person, by an underwriter in relation to underwriting, in any manner; Who is the receiver of service Upto 15-5-2008 - a Client W.e.f. 16-5-2008 - Any person Who is the provider of service An underwriter Meaning of Underwriter - 65(116) "underwriter" has the meaning assigned to it in clause (f) of rule 2 of the Securities and Exchange Board of India (Underwriters) Rules, 1993; As per clause (f) of rule 2 of the Securities and Exchange Board of India (Underwriters) Rules, 1993; "underwriter means a person who engages in the business of underwriting of an issue of securities of a body corporate." Meaning of Underwriting - 65(117) "underwriting" has the meaning assigned to it in clause (g) of rule 2 of the Securities and Exchange Board of India (Underwriters) Rules, 1993; As per clause (g) of rule 2 of the Securities and Exchange Board of India (Underwriters) Rules, 1993; "underwriting means an agreement with or without conditions to subscribe to the securities of a body corporate when the existing shareholders of such body corporate or the public do not subscribe to the securities offered to them."; ************************* A. As per Paragraph No 6. of Circular No. 96/7/2007 dated 23/8/2007 states that :- "6. This circular supersedes all circulars, clarifications and communications, other than Orders issued under section 37B of the Central Excise Act, 1944 (as made applicable to service tax by section 83 of the Finance Act, 1994), issued from time to time by the CBEC, DG (Service Tax) and various field formations on all technical issues including the scope and classification of taxable services, valuation of taxable services, export of services, services received from outside India, scope of exemptions and all other matters on levy of service tax. With the issue of this circular, all earlier clarifications issued on technical issues relating to service tax stand withdrawn."