Blog · 16 Oct 2026
Providing Corporate Guarantee does not constitute "Banking and Financial" or "Intermediary" Service: CESTAT sets aside Service levy Demand
Further, since all parties act on a principal-to-principal basis in a contract of guarantee, the transaction per se cannot be construed as the provision o…
Further, since all parties act on a principal-to-principal basis in a contract of guarantee, the transaction per se cannot be construed as the provision of an intermediary service.