Service tax on registrar to an issue: registrar liable for services connected with securities allotment and processing. Service tax applies to services provided by a registrar to an issue in relation to sale or purchase of securities, including collecting applications and monies, maintaining records, assisting allotment determination, finalising allotment lists, and processing/despatching allotment letters and related documents; the registrar providing the services is liable to pay service tax. A CBEC circular centrally supersedes earlier technical clarifications on scope, classification, valuation, export/import of services, and exemptions for service tax, standardising administrative guidance.