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Is GST applicable on money transfer

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soumya d prabhu

ernakulam

75 Points Posted on 20 March 2021

Since money is out of the purview of goods or services, Does the money transfer attracts GST

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Quick Summary

This discussion clarifies whether Goods and Services Tax (GST) is applicable to money transfers. While charges associated with providing money transfer facilities may attract GST, the actual transfer of money itself is generally considered outside the scope of GST as it's not a good or service. Therefore, the consensus is that GST is not applicable on the money transfer itself.