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 o

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