Services of extending corporate guarantee without any consideration is not considered as a service
Court :
CESTAT, New Delhi
Brief :
The CESTAT, New Delhi in Sowar Pvt. Ltd. v. Commissioner of Service Tax [Final Order No. 50607 Of 2023 dated March 29,2023] held that assessee has not received any consideration for providing corporate guarantee and hence no service tax is payable by the assessee.
Citation :
Final Order No. 50607 Of 2023 dated March 29,2023
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Bimal Jain
Published in Service Tax
Views : 296
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