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"content": "This amendment relates to Clause 1 which had a big debate in the last Finance Bill. We had given them authority to levy these taxes but that clause itself was not inserted in the Bill. Therefore, we are making it expressly provided that the money transfer services shall be charged at the rate in force when the service is provided and shall be collected and paid by the cellular phone service providers, bank managers, agencies and other financial institutions. The duty and other fees charged by financial institutions shall be charged at a rate in force when the fee is being charged and shall be collected by the financial institutions. We are simply introducing a charging clause for what already exists in the Act."
}