https://www.taxtmi.com/news?id=3522 Clarification states that remittance of foreign currency is not a taxable service because transactions in money are excluded from the definition of service, and thus such remittances are not subject to service tax. Fees or conversion charges are likewise not taxable when the remitter and remittance provider are located outside the territory, as the Place of Provision of Services Rules deem those services provided outside the territory. Charges by an Indian receiving bank on an overseas recipient are also not taxable since the place of provision is the recipient's location outside the territory under Rule 3. en-us Tue, 10 Jul 2012 18:39:35 +0530 Tue, 10 Jul 2012 18:39:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3522 Clarification states that remittance of foreign currency is not a taxable service because transactions in money are excluded from the definition of service, and thus such remittances are not subject to service tax. Fees or conversion charges are likewise not taxable when the remitter and remittance provider are located outside the territory, as the Place of Provision of Services Rules deem those services provided outside the territory. Charges by an Indian receiving bank on an overseas recipient are also not taxable since the place of provision is the recipient's location outside the territory under Rule 3. News - Tue, 10 Jul 2012 18:39:35 +0530 https://www.taxtmi.com/news?id=3522