https://www.taxtmi.com/forum/issue?id=118833 The CBIC order subjects corporate guarantees between parent, subsidiary, and related parties to GST either on the financial consideration charged or on a deemed one percent value; the central issue is whether reverse charge applies to a guarantee given in 2017-18, whether interest is payable for periods before the valuation rule's issuance, and whether input tax credit may be availed now. Forum replies indicate the order is prospective, earlier show-cause notices may be susceptible to being dropped, and litigation and practical valuation and levy mechanism questions remain unresolved. en-us Mon, 30 Oct 2023 17:37:56 +0530 Fri, 24 Jan 2025 10:40:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118833 The CBIC order subjects corporate guarantees between parent, subsidiary, and related parties to GST either on the financial consideration charged or on a deemed one percent value; the central issue is whether reverse charge applies to a guarantee given in 2017-18, whether interest is payable for periods before the valuation rule's issuance, and whether input tax credit may be availed now. Forum replies indicate the order is prospective, earlier show-cause notices may be susceptible to being dropped, and litigation and practical valuation and levy mechanism questions remain unresolved. Discussion-Forum GST Mon, 30 Oct 2023 17:37:56 +0530 https://www.taxtmi.com/forum/issue?id=118833