https://www.taxtmi.com/forum/issue?id=109511 MCHC, Japan provided a bank guarantee for MCI India's working capital loan and charged a recurring guarantee fee calculated annually and billed monthly. The query asked whether TDS and service tax apply. The advisory reply in the forum states that the guarantee fee is subject to service tax and that the recipient (MCI) must pay the service tax; no conclusive comment on TDS was recorded. en-us Wed, 09 Dec 2015 17:04:07 +0530 Thu, 23 Jan 2025 15:56:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109511 MCHC, Japan provided a bank guarantee for MCI India's working capital loan and charged a recurring guarantee fee calculated annually and billed monthly. The query asked whether TDS and service tax apply. The advisory reply in the forum states that the guarantee fee is subject to service tax and that the recipient (MCI) must pay the service tax; no conclusive comment on TDS was recorded. Discussion-Forum Income Tax Wed, 09 Dec 2015 17:04:07 +0530 https://www.taxtmi.com/forum/issue?id=109511