https://www.taxtmi.com/caselaws?id=794487 Furnishing a corporate guarantee for group companies without any monetary consideration, commission, fee or charges does not amount to a taxable service under section 65B(44) of the Finance Act, 1994. The post-negative list regime requires both a service provider and consideration, and in the absence of consideration the activity falls outside the statutory definition of service. Accordingly, service tax is not leviable under section 66B on such guarantees, and the demand is unsustainable. en-us Thu, 02 Jul 2026 00:00:00 +0530 Tue, 07 Jul 2026 08:39:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794487 Furnishing a corporate guarantee for group companies without any monetary consideration, commission, fee or charges does not amount to a taxable service under section 65B(44) of the Finance Act, 1994. The post-negative list regime requires both a service provider and consideration, and in the absence of consideration the activity falls outside the statutory definition of service. Accordingly, service tax is not leviable under section 66B on such guarantees, and the demand is unsustainable. Case-Laws Service Tax Thu, 02 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794487