Place of Provision of Services rules: remittances and related fees treated as provided outside India and not taxable. Remittances of foreign currency and any conversion or remittance charges imposed by providers located outside India are not subject to service tax because transactions in money are excluded from the definition of service and, under the Place of Provision of Services Rules, such services are deemed provided outside India; similarly, fees charged by Indian receiving banks are not taxable where the recipient's location outside India determines the place of provision.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Place of Provision of Services rules: remittances and related fees treated as provided outside India and not taxable.
Remittances of foreign currency and any conversion or remittance charges imposed by providers located outside India are not subject to service tax because transactions in money are excluded from the definition of service and, under the Place of Provision of Services Rules, such services are deemed provided outside India; similarly, fees charged by Indian receiving banks are not taxable where the recipient's location outside India determines the place of provision.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
