https://www.taxtmi.com/forum/issue?id=116748 Guarantees provided by holding companies to subsidiaries or directors personally to companies qualify as taxable supplies under Schedule I when made in the course or furtherance of business; such guarantees are classifiable as financial services. If no fee is charged, valuation must follow the GST valuation hierarchy: open market value, value of like goods or services, or resort to cost based and residual valuation methods; invoice value may be deemed open market value where the recipient is eligible for full input tax credit. en-us Mon, 28 Sep 2020 14:59:53 +0530 Thu, 23 Jan 2025 15:54:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116748 Guarantees provided by holding companies to subsidiaries or directors personally to companies qualify as taxable supplies under Schedule I when made in the course or furtherance of business; such guarantees are classifiable as financial services. If no fee is charged, valuation must follow the GST valuation hierarchy: open market value, value of like goods or services, or resort to cost based and residual valuation methods; invoice value may be deemed open market value where the recipient is eligible for full input tax credit. Discussion-Forum GST Mon, 28 Sep 2020 14:59:53 +0530 https://www.taxtmi.com/forum/issue?id=116748