Relief to DLF Home Developers: Service Tax on Corporate Guarantee Not Demandable in Absence of Evidence to Prove Receipt of Consideration from Financial Institution, rules CESTAT [Read Order]

By Yogitha S. Yogesh - On November 2, 2023 12:01 pm - 2 mins read

DLF Home Developers - Service Tax - Corporate Guarantee - Evidence to Prove Receipt - Financial Institution - CESTAT - taxscan

In a ruling in favour of DLF Home Developers, the Chandigarh bench of the Customs, Excise & Service Tax Appellate Tribunal(CESTAT) has held that service tax on Cooperate Guarantee is not demandable in the absence of evidence to prove receipt of consideration from Financial Institution. The appellants are providing Business Auxiliary Services, Business Support Services,…

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