https://www.taxtmi.com/notifications?id=141991 A deemed valuation rule for related party guarantee services is inserted: where a supplier provides a corporate guarantee to a banking company or financial institution on behalf of a related recipient, the value of the supply shall be deemed to be a minimum percentage of the guaranteed amount or the actual consideration, whichever is higher. The amendment renumbers rule 28 as sub rule (1) and adds this new sub rule; the rules are effective from 26 October 2023. en-us Wed, 14 Feb 2024 00:00:00 +0530 Mon, 13 May 2024 16:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=141991 A deemed valuation rule for related party guarantee services is inserted: where a supplier provides a corporate guarantee to a banking company or financial institution on behalf of a related recipient, the value of the supply shall be deemed to be a minimum percentage of the guaranteed amount or the actual consideration, whichever is higher. The amendment renumbers rule 28 as sub rule (1) and adds this new sub rule; the rules are effective from 26 October 2023. Notifications GST - States Wed, 14 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/notifications?id=141991