Exempt services: regulatory and guidance services by the insurance regulator qualify for service tax exemption to insurers. Services rendered by the Insurance Regulatory and Development Authority of India (IRDA) to insurers are treated as exempt services for service tax purposes under the cited notifications. The exemption covers regulatory and supervisory activities under the Insurance Regulatory and Development Authority of India Act, 1999 and extends to guidance materials including manuals, ready reckoners, law and practice guides, reference guides and quick commentaries provided to insurers.