Service Tax leviable on ‘Corporate Guarantee’ and ‘Credit Protection Fee’: CESTAT [Read Order]

Service Tax leviable on Corporate Guarantee - Credit Protection Fee - CESTAT - Service Tax -taxscan

The Mumbai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), observed that service tax is leviable on ‘corporate guarantee’ and ‘credit protection fee’. The appellant in the present matter is Hindustan Construction Company Ltd. The confirmation of duty demand of 6,03,08,357/- under section 73(2) of the Finance Act, 1994 along with statutory…

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