https://www.taxtmi.com/circulars?id=67031 Providing a personal guarantee by a director to secure company credit is a supply between related persons and valued under Rule 28; where RBI mandates no consideration, open market value may be zero, otherwise taxable value equals the consideration. Corporate guarantees between related persons or by a holding company for its subsidiary are supplies whose taxable value is to be determined under Rule 28 and, pursuant to an inserted sub rule (2), such valuation rule applies irrespective of input tax credit availability; sub rule (2) does not apply to personal guarantees. en-us Mon, 18 Dec 2023 00:00:00 +0530 Tue, 19 Dec 2023 17:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=67031 Providing a personal guarantee by a director to secure company credit is a supply between related persons and valued under Rule 28; where RBI mandates no consideration, open market value may be zero, otherwise taxable value equals the consideration. Corporate guarantees between related persons or by a holding company for its subsidiary are supplies whose taxable value is to be determined under Rule 28 and, pursuant to an inserted sub rule (2), such valuation rule applies irrespective of input tax credit availability; sub rule (2) does not apply to personal guarantees. Circulars GST - States Mon, 18 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67031