https://www.taxtmi.com/caselaws?id=396043 The Tribunal held that the appellant is not liable to pay service tax on corporate guarantees provided before or after 01.07.2012 as they did not receive any consideration for the guarantees. The penalty imposed on the appellant for non-payment of service tax on charges collected from flat owners was set aside as the appellant had already paid the tax along with interest before the show cause notice was issued. The appeal was allowed with consequential relief, clarifying the liability of service tax on corporate guarantees and penalties for non-payment of specific charges. en-us Mon, 21 Oct 2019 00:00:00 +0530 Tue, 03 Nov 2020 11:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396043 The Tribunal held that the appellant is not liable to pay service tax on corporate guarantees provided before or after 01.07.2012 as they did not receive any consideration for the guarantees. The penalty imposed on the appellant for non-payment of service tax on charges collected from flat owners was set aside as the appellant had already paid the tax along with interest before the show cause notice was issued. The appeal was allowed with consequential relief, clarifying the liability of service tax on corporate guarantees and penalties for non-payment of specific charges. Case-Laws Service Tax Mon, 21 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396043