https://www.taxtmi.com/article/detailed?id=12496 Personal guarantees by directors and corporate guarantees between related companies qualify as a supply of service when made in furtherance of business even without consideration; where no consideration is permitted under lending guidelines, the open market value of a director's personal guarantee may be treated as nil, whereas corporate guarantee valuation among related parties is determined under the Rule 28 related party valuation framework and by the newly inserted provision prescribing a deemed percentage of the guarantee or actual consideration, whichever is higher. en-us Fri, 05 Apr 2024 10:28:35 +0530 Fri, 05 Apr 2024 10:28:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12496 Personal guarantees by directors and corporate guarantees between related companies qualify as a supply of service when made in furtherance of business even without consideration; where no consideration is permitted under lending guidelines, the open market value of a director's personal guarantee may be treated as nil, whereas corporate guarantee valuation among related parties is determined under the Rule 28 related party valuation framework and by the newly inserted provision prescribing a deemed percentage of the guarantee or actual consideration, whichever is higher. Articles Goods and Services Tax - GST Fri, 05 Apr 2024 10:28:35 +0530 https://www.taxtmi.com/article/detailed?id=12496