https://www.taxtmi.com/article/detailed?id=12021 The issuance of a corporate guarantee by a related group entity is treated as a supply under GST even without consideration. Valuation issues persist, but the newly inserted sub rule 2 of Rule 28 prescribes a statutory valuation floor based on a prescribed percentage of the guaranteed amount or the actual consideration, whichever is higher, addressing cases where invoice-declared zero value is unavailable because the recipient lacks full input tax credit. Remaining questions include time-of-supply characterization, treatment of multi-year guarantees, scope of instruments covered, drawdown based valuation, and retrospective assessment risk. en-us Sat, 04 Nov 2023 21:53:14 +0530 Sat, 04 Nov 2023 21:53:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12021 The issuance of a corporate guarantee by a related group entity is treated as a supply under GST even without consideration. Valuation issues persist, but the newly inserted sub rule 2 of Rule 28 prescribes a statutory valuation floor based on a prescribed percentage of the guaranteed amount or the actual consideration, whichever is higher, addressing cases where invoice-declared zero value is unavailable because the recipient lacks full input tax credit. Remaining questions include time-of-supply characterization, treatment of multi-year guarantees, scope of instruments covered, drawdown based valuation, and retrospective assessment risk. Articles Goods and Services Tax - GST Sat, 04 Nov 2023 21:53:14 +0530 https://www.taxtmi.com/article/detailed?id=12021