https://www.taxtmi.com/caselaws?id=751054 CESTAT Ahmedabad held that guarantee commission received for furnishing corporate guarantee does not fall under business support services for service tax purposes. The tribunal ruled that executing corporate guarantee is merely providing a loan security instrument, not fundamentally connected to business support services like transaction processing or customer relationship management under Section 65(104c) of Finance Act 1994. The extended limitation period was deemed invalid as the appellant had not suppressed facts with intent to evade tax, having transparently responded to departmental queries post-audit. The impugned order was set aside and appeal allowed. en-us Fri, 05 Apr 2024 00:00:00 +0530 Sat, 06 Apr 2024 05:46:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751054 CESTAT Ahmedabad held that guarantee commission received for furnishing corporate guarantee does not fall under business support services for service tax purposes. The tribunal ruled that executing corporate guarantee is merely providing a loan security instrument, not fundamentally connected to business support services like transaction processing or customer relationship management under Section 65(104c) of Finance Act 1994. The extended limitation period was deemed invalid as the appellant had not suppressed facts with intent to evade tax, having transparently responded to departmental queries post-audit. The impugned order was set aside and appeal allowed. Case-Laws Service Tax Fri, 05 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751054