https://www.taxtmi.com/caselaws?id=781809 CESTAT Chandigarh allowed the appeal, holding that no service tax was payable under Banking and Other Financial Services on corporate guarantees provided by an overseas parent company for loans obtained by the appellant from banks under reverse charge. The Revenue failed to show that the overseas parent was rendering BOFS or that any consideration was paid by the appellant to the parent; bank commission could not be treated as such consideration. Relying on prior Tribunal decisions, including the Delhi Bench ruling in a similar guarantee matter, the demand was set aside. en-us Wed, 19 Nov 2025 00:00:00 +0530 Fri, 21 Nov 2025 08:42:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781809 CESTAT Chandigarh allowed the appeal, holding that no service tax was payable under Banking and Other Financial Services on corporate guarantees provided by an overseas parent company for loans obtained by the appellant from banks under reverse charge. The Revenue failed to show that the overseas parent was rendering BOFS or that any consideration was paid by the appellant to the parent; bank commission could not be treated as such consideration. Relying on prior Tribunal decisions, including the Delhi Bench ruling in a similar guarantee matter, the demand was set aside. Case-Laws Service Tax Wed, 19 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781809