https://www.taxtmi.com/caselaws?id=203412 The Tribunal ruled in favor of the appellant, granting a complete waiver of the pre-deposit of service tax, interest, and penalty amounting to Rs. 4,91,520/- imposed for providing "Business Support Services" (BSS) including a corporate guarantee. The Tribunal agreed with the appellant's argument that providing a corporate guarantee falls under Banking and Financial Services, not BSS, as clarified by a TRU circular. Therefore, the Tribunal held that the impugned activity should not be taxed under BSS, ordering a stay on recovery pending the appeal's decision. en-us Fri, 26 Nov 2010 00:00:00 +0530 Wed, 25 May 2011 01:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203412 The Tribunal ruled in favor of the appellant, granting a complete waiver of the pre-deposit of service tax, interest, and penalty amounting to Rs. 4,91,520/- imposed for providing "Business Support Services" (BSS) including a corporate guarantee. The Tribunal agreed with the appellant's argument that providing a corporate guarantee falls under Banking and Financial Services, not BSS, as clarified by a TRU circular. Therefore, the Tribunal held that the impugned activity should not be taxed under BSS, ordering a stay on recovery pending the appeal's decision. Case-Laws Service Tax Fri, 26 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203412