No service tax will be levied on the service provided by an Indian Bank or other entity acting as an agent to the Money Transfer Service Operators (MTSO) in relation to remittance of foreign currency from outside India to India from 1.7.12 to 13.10.14 - 19/2015 - Service Tax
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Service tax relief: retrospective non payment directed for bank agent remittance services under specified past practice. The central government directs that service tax otherwise payable on services provided by Indian banks or other agents to Money Transfer Service Operators in relation to remittance of foreign currency from outside India to India for the period 1 July 2012 to 13 October 2014 shall not be required to be paid, having regard to a generally prevalent practice of non levy during that period and exercising statutory powers under the Central Excise Act as applied to service tax.
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.
Service tax relief: retrospective non payment directed for bank agent remittance services under specified past practice.
The central government directs that service tax otherwise payable on services provided by Indian banks or other agents to Money Transfer Service Operators in relation to remittance of foreign currency from outside India to India for the period 1 July 2012 to 13 October 2014 shall not be required to be paid, having regard to a generally prevalent practice of non levy during that period and exercising statutory powers under the Central Excise Act as applied to service tax.
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