https://www.taxtmi.com/notifications?id=141160 Where a supplier who is a related person provides a corporate guarantee to a banking company or financial institution on behalf of the recipient, the value of the supply of services shall be deemed to be one per cent of the amount of the guarantee offered, or the actual consideration, whichever is higher. The amendment also substitutes FORM GST REG 08 with a revised cancellation order template requiring disclosure of effective cancellation date, pending return obligations, and a statement that cancellation does not affect liabilities for prior periods. en-us Thu, 23 Nov 2023 00:00:00 +0530 Mon, 27 Nov 2023 16:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=141160 Where a supplier who is a related person provides a corporate guarantee to a banking company or financial institution on behalf of the recipient, the value of the supply of services shall be deemed to be one per cent of the amount of the guarantee offered, or the actual consideration, whichever is higher. The amendment also substitutes FORM GST REG 08 with a revised cancellation order template requiring disclosure of effective cancellation date, pending return obligations, and a statement that cancellation does not affect liabilities for prior periods. Notifications GST - States Thu, 23 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/notifications?id=141160