https://www.taxtmi.com/circulars?id=11727 No service tax is leviable on foreign currency remittances because the remitted amount is a transaction in money and not a service. Conversion or remittance fees charged where sender and remitting entity are outside the domestic territory are treated as services provided outside the domestic territory under the Place of Provision of Services Rules, 2012. Indian receiving banks charging foreign recipients for receiving-end services are not liable to service tax because the place of provision is the recipient's location outside the domestic territory. en-us Tue, 10 Jul 2012 00:00:00 +0530 Fri, 01 May 2015 17:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11727 No service tax is leviable on foreign currency remittances because the remitted amount is a transaction in money and not a service. Conversion or remittance fees charged where sender and remitting entity are outside the domestic territory are treated as services provided outside the domestic territory under the Place of Provision of Services Rules, 2012. Indian receiving banks charging foreign recipients for receiving-end services are not liable to service tax because the place of provision is the recipient's location outside the domestic territory. Circulars Service Tax Tue, 10 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11727