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of <h1>GST Clarifies Taxability and Valuation of Corporate Guarantees Between Related Entities; Uniform Implementation Emphasized.</h1> The circular addresses the taxability and valuation of services related to providing corporate guarantees between related entities under the GST framework. It clarifies that services involving corporate guarantees were taxable even before the introduction of a specific rule on October 26, 2023. The valuation of such services depends on whether the guarantee was issued before or after this date, with the value being either 1% of the guaranteed amount or the actual consideration, whichever is higher. The circular also discusses scenarios such as co-guarantors, intra-group guarantees, and the applicability of GST in cases of loan takeovers, emphasizing uniformity in implementation.
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