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of <h1>Credit rating services taxable since June 30, 2012; includes ratings for financial obligations and securities. 2007 circular supersedes past guidance.</h1> The taxable services provided by credit rating agencies as of June 30, 2012. It specifies that any service related to the credit rating of financial obligations, instruments, or securities is taxable. Initially, services were provided to clients until May 15, 2008, after which they could be provided to any person. A credit rating agency is defined as an entity involved in assessing the creditworthiness of debt obligations or financial projects. Additionally, a circular issued in 2007 supersedes previous clarifications on service tax issues, withdrawing earlier guidance on technical matters.
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