https://www.taxtmi.com/circulars?id=61538 Money remitted from abroad is not itself a taxable service. Indian banks or entities acting as agents for foreign MTSOs are intermediaries; under the Place of Provision of Service Rules the place of provision is the agent's location in India, making commission or fees received from the MTSO liable to service tax. Fees charged to recipients in India and commissions to sub agents are likewise taxable. Currency conversion by Indian entities is a separate taxable activity. en-us Wed, 05 Nov 2014 00:00:00 +0530 Tue, 18 Jun 2019 15:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=61538 Money remitted from abroad is not itself a taxable service. Indian banks or entities acting as agents for foreign MTSOs are intermediaries; under the Place of Provision of Service Rules the place of provision is the agent's location in India, making commission or fees received from the MTSO liable to service tax. Fees charged to recipients in India and commissions to sub agents are likewise taxable. Currency conversion by Indian entities is a separate taxable activity. Circulars Service Tax Wed, 05 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=61538