https://www.taxtmi.com/article/detailed?id=11935 GST liability for supplies effected through electronic platforms is extended to include bus transportation services with tax responsibility allocated to e commerce operators under Section 9(5). Valuation rules for guarantees will be clarified: personal guarantees without consideration are valued at zero, while corporate guarantees between related parties will be valued at the higher of 1% of the total guarantee amount or actual consideration, to be reflected by insertion of Rule 28(2). Circulatory guidance will also address place of supply issues, export receipts in special INR vostro accounts, and related implementation changes. en-us Tue, 10 Oct 2023 10:05:05 +0530 Tue, 10 Oct 2023 10:05:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11935 GST liability for supplies effected through electronic platforms is extended to include bus transportation services with tax responsibility allocated to e commerce operators under Section 9(5). Valuation rules for guarantees will be clarified: personal guarantees without consideration are valued at zero, while corporate guarantees between related parties will be valued at the higher of 1% of the total guarantee amount or actual consideration, to be reflected by insertion of Rule 28(2). Circulatory guidance will also address place of supply issues, export receipts in special INR vostro accounts, and related implementation changes. Articles Goods and Services Tax - GST Tue, 10 Oct 2023 10:05:05 +0530 https://www.taxtmi.com/article/detailed?id=11935