Service tax payable on Corporate guarantee & credit protection guarantee service

Hindustan Construction Company Ltd. Vs Commissioner of Service Tax (CESTAT Mumbai)

In the case of Hindustan Construction Company Ltd. vs. Commissioner of Service Tax (CESTAT Mumbai), the issue of service tax on ‘corporate guarantee’ and ‘credit protection fee’ is at the forefront. The appellant, Hindustan Construction Company Ltd., contested the duty demand and penalties imposed under Section 73(2) of the Finance Act, 1994, for providing a ‘corporate guarantee’ to M/s Lavasa Corporation Lt

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