Share transfer agent services taxable; provider liable for service tax and administrative circulars govern scope and valuation. Services provided by a share transfer agent in relation to securities are taxable from 1-5-2006; the share transfer agent who provides the service is liable to pay service tax. 'Share transfer agent' means a person who maintains records of holders of securities and deals with transfer, redemption or incidental matters. Circular No. 96/7/2007 consolidated and superseded earlier technical clarifications on scope, classification, valuation, export/import and exemptions related to service tax.