TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Foreign Currency Remittances to India Exempt from Service Tax Under Finance Act 1994 and 2012 Rules.</h1> Concerns have been raised about the applicability of service tax on foreign currency remittances to India. It is clarified that such remittances are not subject to service tax as they involve transactions in money, which are excluded from the definition of 'service' under the Finance Act 1994. Additionally, any fees or conversion charges for sending money are not taxable since the services are deemed provided outside India under the Place of Provision of Services Rules, 2012. Even Indian banks or financial institutions charging foreign entities for services at the receiving end are not liable for service tax, as the service provision location is considered outside India.
TaxTMI 
TaxTMI 
