No Service Tax on Corporate Guarantee without Commission: CESTAT Mumbai

UltraTech Cement Ltd. Vs Commissioner of CGST & CX (CESTAT Mumbai) Introduction: In a significant legal development, the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) Mumbai has ruled in favor of UltraTech Cement Ltd. in a case against the Commissioner of CGST & CX (Central Goods and Services Tax & Central Excise). The case revolved around the taxation of corporate guarantees provided by UltraTech Cement without receiving any commission. This article provides an in-depth analysis of the case, the arguments presented, and the implications of the CESTAT Mumbai’s ...