Service tax liability of Registrars and Transfer Agents (RTAs)

[Asked by Guest]

Whether the Registrars and Transfer Agents (RTAs) in respect of physical or dematerialised securities are liable to pay service tax on their bills raised on such services to their clients ? If so, then under which notification (No. & Date)?

AI Summary

Service tax liability for registrars and transfer agents appears absent in advisory reply, subject to factual clarification.
Liability of Registrars and Transfer Agents for service tax on handling physical or dematerialised securities appears not to arise according to an advisory reply, which qualifies that conclusion as tentative pending fuller facts or identification of any controlling notification or provision.