Is GST applicable on money transfer

soumya d prabhu (ernakulam) (73 Points)

20 March 2021

Since money is out of the purview of goods or services, Does the money transfer attracts GST

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4 Replies

MOHIT JOSHI (229 Points)
Replied 20 March 2021

Any charges are collected to provide money transfer facility is subject to get otherwise transfer of money is out of the purview

soumya d prabhu (ernakulam) (73 Points)
Replied 20 March 2021

OK thank u

Spurto Consultancy Services (Consultant) (1891 Points)
Replied 20 March 2021

No gst is not applicable.

soumya d prabhu (ernakulam) (73 Points)
Replied 20 March 2021

OK thank u

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