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of <h1>Corporate Guarantee Services Taxable Under Goa GST Act; Valuation Rules Differ Before and After October 26, 2023.</h1> The circular addresses the taxability and valuation of corporate guarantee services between related persons under the Goa Goods and Services Tax Act, 2017, aligning with the Central GST Act. It clarifies that corporate guarantees issued before October 26, 2023, are taxable, with valuation based on Rule 28. For guarantees issued after this date, valuation follows Rule 28(2). The circular specifies that GST is based on the guaranteed amount, not loan disbursal, and outlines GST applicability in cases of loan takeovers, co-guarantors, and intra-group guarantees. It also clarifies the valuation for export services and the applicability of input tax credit provisions.
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