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Specified Value - Money changing services

Service Tax - Abatement, Composite Rate of Tax, and Valuation Scheme for specified services - 202 - Rule 2B Money changing services Rule 2B of the Service Tax (Determination of Value) Rules, 2006 Value to be determined in the following manner: 1. When RBI Reference Rate is available: Buying/ selling rate Minus RBI Reference Rate Taxable Value (TV) = [(i) - (ii)] as Multiplied by total units of currencies. Thus, tax @ 14% on Taxable Value (TV) 2. When RBI Reference Rate is not available: Taxable .....

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