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CCE & ST (LTU) , Chennai Versus M/s. Neyveli Lignite Corporation Ltd.

2017 (9) TMI 784 - CESTAT CHENNAI

Business Support Services - reverse charge mechanism - guarantee provided by the Government of India to Neyveli Lignite Corporation (NLC) - Held that: - When the meaning of the term “support services of business or commerce” is read it throws light t .....

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arantor to secure a financial commitment which is the scope of banking and financial service. The Govt. is neither a banker nor a financial service provider - appeal dismissed - decided against Revenue. - ST/40650/2016 - FINAL ORDER Nos. 40600 /2017 .....

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e order passed by the ld. Commissioner dropping the allegation in the SCN which alleged that the guarantee provided by the Government of India to Neyveli Lignite Corporation (NLC) was a Business Support Service, which was liable to be taxed on revers .....

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Government of India to NLC for raising loan from Germany was a business support service. Guarantee is a financial obligation taxed by the taxing entry Banking and other Financial Service covered by section 65 (105) (zm) of the Finance Act, 1994, rea .....

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s not throw light that the Govt. was a provider of service of the description covered thereunder. For convenience of reading, the definition of the term Business support service reading as under is reproduced below:- Section 65 B (49) Support service .....

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n as services by outsourcing from others for any reason whatsoever and shall include advertisement and promotion, construction or works contract, renting of immovable property, security, testing and analysis, 4. When the meaning of the term support s .....

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