Serivce tax on corporate guarantee commission

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Hi All,

A company paying guarantee commission to other company for a corporate guarantee to procure a loan.Under which category should the service tax on such corporate guarantee commission be deposited?

 

Many Thanks

Replies (2)

Allocable under management and business consultancy or business auxiliary service probably

What if no commission is paid but the guarantor company is related party, can there be notional valuation


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