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.

AI Summary

Clarification Sought on GST Rate for Money Transfers and Commission's Impact on Turnover, Additional Details Needed A participant inquired about the GST rate applicable to money transfers and whether the commission on such transfers contributes to turnover. Two responses were provided. One respondent asked if the inquiry pertained to a finance or money transfer business, or if it was about a personal bank account transfer. The second respondent suggested that the inquirer should provide additional information as requested to receive a more accurate response.