A contract of Guarantee is the undertaking of a promise by the promisor to perform the promise of a third person in order to discharge them of their liability, in case of the latter’s default.
The EPC contract for development/ upgradation of Integrated GAS surface facilities, qualifies as Composite Supply under work contract and attract GST @18% under S.No.3-Heading 9954(ii) of the notfn No.11/2017-CT(R) dated 28.6.2017
CESTAT held that registration with the department is not a prerequisite to claim Service tax refund. Further, directed that the assessee is entitled to get the refunds accordingly along with applicable interest.
