Friday, April 1, 2011

Service Tax : Section 65(12) of the Finance Act, 1994 - Banking or Other Financial Services - Exemption to inter-bank transactions of purchase and sale of foreign currency - Amendment in Notification No. 19/2009-ST, dated 7-7-2009


on Friday, April 1, 2011

Service Tax : Section 65(12) of the Finance Act, 1994 - Banking or Other Financial Services -
Exemption to inter-bank transactions of purchase and sale of foreign currency - Amendment in
Notification No. 19/2009-ST, dated 7-7-2009

Notification No.27/2011 – Service Tax, dated 31-3-2011
G.S.R. (E).- In exercise of the powers conferred by of sub-section (1) of section 93 of the
Finance Act, 1994 (32 of 1994), the Central Government, on being satisfied that it is necessary in the
public interest so to do, hereby makes the following amendment in the notification of the Government
of India in the Ministry of Finance (Department of Revenue) No. 19/2009-Service Tax, dated the 7
th
July, 2009, published in the Gazette of India, Extraordinary, vide number G.S.R.491 (E), dated the 7
th
July, 2009, for the words “a Scheduled bank, by any other Scheduled bank”, the words “any bank,
including a bank located outside India, or money changer, by any other bank or money changer” shall
be substituted.
2. This notification shall come into force on the 1
st
day of April, 2011.

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