Hi
Is there any optional rate of service tax for business for foriegn currency exchange?
Regards and thnx in advance
Parth Verma
CA IPCC
1 Replies
Manoj BG
(Tax Professional and in Service)
(1795 Points)
Replied 03 June 2010
Hi parth,
U may refer to Notification no. 19/2008 wherein it is stated that foreign exchange broker including AD shall have the option of paying ST on the total value of purchase/ sell @ 0.25% of the transaction value i.e. purchase value or sell value.
Regards,
Manoj
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