https://www.taxtmi.com/article/detailed?id=11977 Corporate guarantees provided by a company for related parties are treated as taxable supplies under GST, with taxable value determined as the higher of actual consideration or a prescribed deemed valuation percentage of the guarantee amount. Personal guarantees furnished by directors in their individual capacity are not taxable when no consideration flows from the company; if the company pays consideration to the director, the open market value is taxable. Reverse charge may apply where the guarantee is supplied by a director in that capacity. en-us Fri, 20 Oct 2023 10:38:43 +0530 Fri, 20 Oct 2023 10:38:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11977 Corporate guarantees provided by a company for related parties are treated as taxable supplies under GST, with taxable value determined as the higher of actual consideration or a prescribed deemed valuation percentage of the guarantee amount. Personal guarantees furnished by directors in their individual capacity are not taxable when no consideration flows from the company; if the company pays consideration to the director, the open market value is taxable. Reverse charge may apply where the guarantee is supplied by a director in that capacity. Articles Goods and Services Tax - GST Fri, 20 Oct 2023 10:38:43 +0530 https://www.taxtmi.com/article/detailed?id=11977