Taxability of personal and corporate guarantees under GST clarified for uniform implementation across field formations. Uniform implementation of GST law is directed in relation to the taxability of personal guarantee and corporate guarantee. The State tax administration is instructed to follow the clarification issued by the Central GST policy wing on these issues, so that the provisions of the Act are applied consistently across field formations.
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Provisions expressly mentioned in the judgment/order text.
Taxability of personal and corporate guarantees under GST clarified for uniform implementation across field formations.
Uniform implementation of GST law is directed in relation to the taxability of personal guarantee and corporate guarantee. The State tax administration is instructed to follow the clarification issued by the Central GST policy wing on these issues, so that the provisions of the Act are applied consistently across field formations.
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