https://www.taxtmi.com/circulars?id=1796 Money changing is the direct sale and purchase of foreign currency where the money changer holds title, and thus does not constitute foreign exchange broking; foreign exchange broking is an intermediary commission-based activity without taking title. Accordingly, service tax classified under banking and other financial services is not leviable on money changing per se, and the circular supersedes the prior departmental instruction. en-us Mon, 12 Mar 2007 00:00:00 +0530 Thu, 05 Jan 2012 12:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=1796 Money changing is the direct sale and purchase of foreign currency where the money changer holds title, and thus does not constitute foreign exchange broking; foreign exchange broking is an intermediary commission-based activity without taking title. Accordingly, service tax classified under banking and other financial services is not leviable on money changing per se, and the circular supersedes the prior departmental instruction. Circulars Service Tax Mon, 12 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/circulars?id=1796