Service tax applicability on Money Transfer/ Money Changing Business.

[Guest]

Whether service tax is applicable on Money Transfer/ Money Changing Business.

[Ravi Chopra]

It it is in the nature of Banking or Finance Service than it is taxable in that category.

AI Summary

Service Tax Applicable to Money Transfer and Money Changing if Classified Under Banking or Finance Services A query was raised about the applicability of service tax on money transfer and money changing businesses. The response indicated that if these activities fall under the category of banking or finance services, they are subject to service tax.