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          Service Tax

          Composite Rate of Tax - Money changing services

          Abatement, Composite Rate of Tax, and Valuation Scheme for specified services

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          Composite tax option for money changing services permits tiered flat rate payments with an annual irrevocable election per rule. Rule 6(7B) prescribes a composition scheme for money changing services by foreign exchange brokers, authorised dealers or authorized money changers, allowing the provider to elect to discharge service tax by paying specified composite amounts and percentage components across three gross value slabs, with minimum and maximum limits; the election must be made for the financial year and cannot be withdrawn during that year.
                            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.

                                  Composite tax option for money changing services permits tiered flat rate payments with an annual irrevocable election per rule.

                                  Rule 6(7B) prescribes a composition scheme for money changing services by foreign exchange brokers, authorised dealers or authorized money changers, allowing the provider to elect to discharge service tax by paying specified composite amounts and percentage components across three gross value slabs, with minimum and maximum limits; the election must be made for the financial year and cannot be withdrawn during that year.


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