https://www.taxtmi.com/article/detailed?id=12007 The amendment to valuation rules prescribes a deemed valuation mechanism for related party corporate guarantees-supplies between related persons are taxable and, from the amendment's effective date, taxable value for corporate guarantees is a prescribed deemed amount or actual consideration, replacing prior reliance on open market value; time of supply follows general rules. Personal guarantees remain supplies under Schedule I but the corporate guarantee deemed valuation does not apply; where regulators bar payment of consideration to guarantors, open market value may be treated as nil and no GST arises. en-us Tue, 31 Oct 2023 09:58:25 +0530 Tue, 31 Oct 2023 09:58:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12007 The amendment to valuation rules prescribes a deemed valuation mechanism for related party corporate guarantees-supplies between related persons are taxable and, from the amendment's effective date, taxable value for corporate guarantees is a prescribed deemed amount or actual consideration, replacing prior reliance on open market value; time of supply follows general rules. Personal guarantees remain supplies under Schedule I but the corporate guarantee deemed valuation does not apply; where regulators bar payment of consideration to guarantors, open market value may be treated as nil and no GST arises. Articles Goods and Services Tax - GST Tue, 31 Oct 2023 09:58:25 +0530 https://www.taxtmi.com/article/detailed?id=12007