Credit rating agency services are taxable when provided for credit ratings of financial obligations and attract service tax liability. Services provided by a credit rating agency in relation to credit ratings of financial obligations, instruments or securities are taxable and attract ... Summary
Credit rating agency services are taxable when provided for credit ratings of financial obligations and attract service tax liability.
Services provided by a credit rating agency in relation to credit ratings of financial obligations, instruments or securities are taxable and attract service tax when rendered to any person; the provider is the credit rating agency and the recipient scope extends beyond clients. A departmental circular consolidates and withdraws earlier technical clarifications on scope, classification, valuation, export treatment, receipt of services from outside India and exemptions regarding levy of service tax for such services.
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