https://www.taxtmi.com/forum/issue?id=118768 Receipt of personal guarantees from directors is being treated as a deemed supply between related persons subject to reverse charge; valuation is determined by open market value principles and government guarantee fee guidance, obliging the recipient company to declare the deemed guarantee fee in returns and discharge GST under reverse charge, with failure to declare or pay treated as suppression attracting demand, interest, and penalty. en-us Sun, 24 Sep 2023 17:55:47 +0530 Thu, 23 Jan 2025 14:20:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118768 Receipt of personal guarantees from directors is being treated as a deemed supply between related persons subject to reverse charge; valuation is determined by open market value principles and government guarantee fee guidance, obliging the recipient company to declare the deemed guarantee fee in returns and discharge GST under reverse charge, with failure to declare or pay treated as suppression attracting demand, interest, and penalty. Discussion-Forum GST Sun, 24 Sep 2023 17:55:47 +0530 https://www.taxtmi.com/forum/issue?id=118768