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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. Whe .....

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Value (TV) = 1% of the gross amount of Indian rupees. Thus, Tax @ 14% on Taxable Value (TV) 3. When neither of the currencies is Indian rupees: Taxable Value (TV) = 1% of of the lesser of the two amounts the person changing the money would have recei .....

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