https://www.taxtmi.com/article/detailed?id=11324 Under the service tax regime guarantees required receipt of consideration to be taxable, and in the cited decision guarantees to group companies lacked such consideration. Under GST, Schedule I and the CGST definition of related persons create a deemed supply so that corporate guarantees provided by directors, holding companies or subsidiaries are taxable even without consideration; valuation rules and deemed consideration provisions then determine the tax base, with implications for reverse charge, timing, and input tax credit. en-us Sat, 15 Apr 2023 10:16:56 +0530 Sat, 15 Apr 2023 10:16:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11324 Under the service tax regime guarantees required receipt of consideration to be taxable, and in the cited decision guarantees to group companies lacked such consideration. Under GST, Schedule I and the CGST definition of related persons create a deemed supply so that corporate guarantees provided by directors, holding companies or subsidiaries are taxable even without consideration; valuation rules and deemed consideration provisions then determine the tax base, with implications for reverse charge, timing, and input tax credit. Articles Goods and Services Tax - GST Sat, 15 Apr 2023 10:16:56 +0530 https://www.taxtmi.com/article/detailed?id=11324