Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise and Customs
Notification No. 19/2015-Service Tax
New Delhi, the 14th October, 2015
22 Asvina 1937 Saka
G.S.R. (E).- Whereas, the Central Government is satisfied that in the period
commencing on and from the 1st day of July, 2012 and ending with the 13th day of
October, 2014 (hereinafter referred to as the said period) according to a
practice that was generally prevalent, there was nonlevy of service tax on the
services provided by an Indian Bank or other entity acting as an agent to the
Money Transfer Service Operators (hereinafter referred to as MTSO), in relation
to remittance of foreign currency from outside India to India (hereinafter
referred to as the said practice), and this service was liable to service tax,
which was not being paid according to the said practice.
Now, therefore, in exercise of the powers conferred by section 11C of the
Central Excise Act, 1944 (1 of 1944) as made applicable to like matters in
Service Tax vide section 83 of the Finance Act, 1994 (32 of 1994), the Central
Government hereby directs that the service tax payable under section 66B of the
Finance Act, 1994, on the service provided by an Indian Bank or other entity
acting as an agent to the MTSO in relation to remittance of foreign currency
from outside India to India, in the said period, but for the said practice,
shall not be required to be paid.
(Himani Bhayana)
Under Secretary to the Government of India
[F.No. 137/51/2014-Service Tax]
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