https://www.taxtmi.com/caselaws?id=769883 CESTAT Chandigarh held that services received by telecommunications company from overseas associates constituted Business Auxiliary Services under Section 65(19), not Management Consultancy Services. Tribunal set aside demands totaling over Rs. 11 crore for wrongly availed CENVAT credit and corporate guarantee services, finding no taxable liability. Penalties were waived as mens rea was not established and service tax was paid before show cause notice. However, demands for reconciliation discrepancies between financial statements and ST-3 returns were remanded for verification by lower authorities. en-us Tue, 29 Apr 2025 00:00:00 +0530 Sat, 03 May 2025 08:34:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769883 CESTAT Chandigarh held that services received by telecommunications company from overseas associates constituted Business Auxiliary Services under Section 65(19), not Management Consultancy Services. Tribunal set aside demands totaling over Rs. 11 crore for wrongly availed CENVAT credit and corporate guarantee services, finding no taxable liability. Penalties were waived as mens rea was not established and service tax was paid before show cause notice. However, demands for reconciliation discrepancies between financial statements and ST-3 returns were remanded for verification by lower authorities. Case-Laws Service Tax Tue, 29 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769883