Case Law Details
Case Name : Krishna Bhagya Jala Nigam Ltd Vs Commissioner of Central Tax (CESTAT Bangalore)
Appeal Number : Service Tax Appeal No. 20240 of 2020
Date of Judgement/Order : 26/10/2023
Related Assessment Year :
Courts :
All CESTAT CESTAT Bangalore
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Krishna Bhagya Jala Nigam Ltd Vs Commissioner of Central Tax (CESTAT Bangalore)
Guarantee commission paid to Government was liable for service tax for providing irrevocable guarantee in raising funds from Debt market
Conclusion: Since raising of finance for day-to-day operations by assessee was squarely covered within the scope of the definition of ‘support service’ and thus assessee was liable to discharge service tax on the Guarantee commission paid to Government of Karnataka or raising funds from the debt market.
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