Service tax coverage expanded to include any bank, including foreign banks, and money changers for taxable transactions. The notification substitutes the phrase 'a Scheduled bank, by any other Scheduled bank' with 'any bank, including a bank located outside India, or money changer, by any other bank or money changer,' thereby extending the notification's coverage to include non-scheduled and foreign banks and money changers; the amendment takes effect on 1 April 2011 under powers conferred by the Finance Act.
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 coverage expanded to include any bank, including foreign banks, and money changers for taxable transactions.
The notification substitutes the phrase "a Scheduled bank, by any other Scheduled bank" with "any bank, including a bank located outside India, or money changer, by any other bank or money changer," thereby extending the notification's coverage to include non-scheduled and foreign banks and money changers; the amendment takes effect on 1 April 2011 under powers conferred by the Finance Act.
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