Deemed valuation for corporate guarantees: value fixed at a minimum prescribed proportion or actual consideration for related party services. A new sub rule deems the value of services by a supplier to a related person for providing a corporate guarantee to a banking company or financial institution to be a specified minimum proportion of the guarantee amount or the actual consideration, whichever is higher. Amendments also substitute FORM GST REG 08 with a cancellation order template, change 'order' to 'intimation' in rule 142(3), add an explicit one year expiry contingency to certain orders, and amend multiple forms and enrolment categories. Effective date: 26 October 2023.