Indian banks exempt from service tax on foreign currency remittances as agents for MTSOs (July 2012-Oct 2014.

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....No service tax will be levied on the service provided by an Indian Bank or other entity acting as an agent to the Money Transfer Service Operators (MTSO) in relation to remittance of foreign currency from outside India to India from 1.7.12 to 13.10.14 - Notification....