https://www.taxtmi.com/highlights?id=76233 Taxability issues surrounding personal and corporate guarantees in the realm of Goods and Services Tax (GST). - The circular extends its clarification to corporate guarantees provided by one company for another related company or by a holding company for its subsidiary. These guarantees, too, are considered supplies of service between related persons under the HGST / GST Act, thereby attracting GST. It further specifies that the valuation of such supplies will follow Rule 28 of the HGST Rules, with a recent amendment introduced through Notification, to ensure uniformity in valuation practices. en-us Sat, 30 Mar 2024 00:21:27 +0530 Sat, 30 Mar 2024 00:21:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=76233 Taxability issues surrounding personal and corporate guarantees in the realm of Goods and Services Tax (GST). - The circular extends its clarification to corporate guarantees provided by one company for another related company or by a holding company for its subsidiary. These guarantees, too, are considered supplies of service between related persons under the HGST / GST Act, thereby attracting GST. It further specifies that the valuation of such supplies will follow Rule 28 of the HGST Rules, with a recent amendment introduced through Notification, to ensure uniformity in valuation practices. Highlights GST - States Sat, 30 Mar 2024 00:21:27 +0530 https://www.taxtmi.com/highlights?id=76233