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    <description>Service tax applies to the gross consideration charged by a registrar to an issue for services in relation to sale or purchase of securities. Key statutory terms define the scope: the RTI&#039;s activities (collection of applications, record keeping, assisting in allotment and dispatch of allotment/refund documents), the concept of an issue (all forms of offers to or from the public or holders) and securities (including shares, derivatives, units and government securities).</description>
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