https://www.taxtmi.com/article/detailed?id=12562 Whether a holding company's issuance of a corporate guarantee to a subsidiary is a supply of services under GST is contested; petitioner contends such guarantees given without consideration are not taxable and characterizes them as contingent contracts not enforceable until called upon, arguing that valuation by reference to a percentage of the guarantee imposes an undue burden. The Delhi High Court issued notice and listed the matter for further hearing. en-us Fri, 26 Apr 2024 20:54:40 +0530 Fri, 26 Apr 2024 20:54:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12562 Whether a holding company's issuance of a corporate guarantee to a subsidiary is a supply of services under GST is contested; petitioner contends such guarantees given without consideration are not taxable and characterizes them as contingent contracts not enforceable until called upon, arguing that valuation by reference to a percentage of the guarantee imposes an undue burden. The Delhi High Court issued notice and listed the matter for further hearing. Articles Goods and Services Tax - GST Fri, 26 Apr 2024 20:54:40 +0530 https://www.taxtmi.com/article/detailed?id=12562