https://www.taxtmi.com/notifications?id=141541 A new rule deems the value of related-party services supplying a corporate guarantee as one percent of the guarantee amount or actual consideration, whichever is higher. Procedural amendments change issuance from "order" to "intimation" in one provision and impose a one-year lapse for certain actions. Forms are updated: "One Person Company" is added to registrant types; a detailed cancellation order template for tax deductors/collectors is substituted; GSTR-8 interest, late fee and debit-entry reporting is reformatted; and practitioner enrolment categories in GST PCT-01 are expanded. en-us Fri, 12 Jan 2024 00:00:00 +0530 Sat, 10 Feb 2024 13:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=141541 A new rule deems the value of related-party services supplying a corporate guarantee as one percent of the guarantee amount or actual consideration, whichever is higher. Procedural amendments change issuance from "order" to "intimation" in one provision and impose a one-year lapse for certain actions. Forms are updated: "One Person Company" is added to registrant types; a detailed cancellation order template for tax deductors/collectors is substituted; GSTR-8 interest, late fee and debit-entry reporting is reformatted; and practitioner enrolment categories in GST PCT-01 are expanded. Notifications GST - States Fri, 12 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/notifications?id=141541