https://www.taxtmi.com/news?id=29 Administrative guidance initially treated money changing as falling within foreign exchange broking and taxable as a banking and financial service; a later circular reversed that view, stating service tax is not leviable on money changing per se because the activity does not constitute foreign exchange broking, raising questions about taxpayers harmed by reliance on the earlier incorrect instruction. en-us Tue, 13 Mar 2007 10:30:00 +0530 Sat, 23 Oct 2010 11:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=29 Administrative guidance initially treated money changing as falling within foreign exchange broking and taxable as a banking and financial service; a later circular reversed that view, stating service tax is not leviable on money changing per se because the activity does not constitute foreign exchange broking, raising questions about taxpayers harmed by reliance on the earlier incorrect instruction. News - Tue, 13 Mar 2007 10:30:00 +0530 https://www.taxtmi.com/news?id=29