service tax on forex

notification no. 19/2008 st dated 10.05.08

hey Jatin,

I don't know the correct procedure

but one of my clients used to charge 12.36% on the amount of service rendered i.e

if he has given Rs10000 in INR in exchange of Forgien Currency and chagred Rs.100 as service charge then he is leaving ST on Rs.100 only and not on whole amount

and i think it is correct as my principle also accepts the same

similarly it will be charged at new rate

thanx jigar