gst on money transfer

[Guest]

sir please provide me gst rate on money transfer

and is commission on money transfer is amounts to turnover or transfeered amount + commission cover under the turnover.

[Kishan Barai]

Do you have Business of Finance / Money Transfer or you just need to transfer money to some ones bank account ??

[DR.MARIAPPAN GOVINDARAJAN]

The querist may give information as sought by our learned friend.

AI Summary

GST on money transfer: whether commission constitutes taxable turnover and if principal transfers are included. Whether GST applies to money transfer services and whether commission charged by a remitter constitutes taxable turnover are the operative issues; responders request clarification on whether the transfers are undertaken as a business of finance/money transfer or as personal remittances, implying tax characterisation depends on that factual context.