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Question ID : 1032

FOREX DEALERS-SERVICE TAX

Dear members,

Can any one crify whether a full fledged money changer needs to pay
service tax?

If so is it on commission or whole amount?.

There are contradictory circurs this regard where a earlier
circur they have exepted and the t circur they have taxed!

Kdly crify if some one is havg a simir case.

Similry what about cases of money transfer like wern union and
all.. is there any service tax liability this?

Does commission received fall under service tax? Can we call it as
commission to be taxd under Bsess auxilliary service?

Regards
Raghu
'

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Posted by RAGHU on Dec 15, 2005
Filed Under INDIRECT TAXES

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