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Service Tax - Highlights / Catch Notes

Home Highlights August 2023 Year 2023 This

Levy of Service tax - corporate guarantee - The appellant having ...

Service Tax

August 26, 2023

Levy of Service tax - corporate guarantee - The appellant having received consideration against providing guarantee to its related company in the form of ‘corporate guarantee’ and ‘credit protection guarantee’ service is liable to pay service tax and, therefore, demand raised against the appellant is justified - However, demand beyond normal period of limitation set aside - AT

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