https://www.taxtmi.com/article/detailed?id=12881 Circular No. 224 permits taxpayers to obtain a stay on recovery of remaining confirmed GST demand by paying an amount equal to the pre-deposit via the portal ledger and filing an undertaking to file appeal before the Appellate Tribunal when constituted; earlier payments via FORM GST DRC-03 can be regularised through FORM GST DRC-03A once available, otherwise recovery may proceed. Circular No. 225 treats supply of corporate guarantees between related persons as taxable, prescribes valuation based on the amount guaranteed with a benchmark of one per cent per annum or actual consideration, and applies reverse charge where guarantor is overseas. Circular No. 226 enables refund claims of additional IGST paid for post-export price increases through FORM GST RFD-01 subject to documentary proof and verification. en-us Thu, 29 Aug 2024 19:08:54 +0530 Thu, 29 Aug 2024 19:08:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12881 Circular No. 224 permits taxpayers to obtain a stay on recovery of remaining confirmed GST demand by paying an amount equal to the pre-deposit via the portal ledger and filing an undertaking to file appeal before the Appellate Tribunal when constituted; earlier payments via FORM GST DRC-03 can be regularised through FORM GST DRC-03A once available, otherwise recovery may proceed. Circular No. 225 treats supply of corporate guarantees between related persons as taxable, prescribes valuation based on the amount guaranteed with a benchmark of one per cent per annum or actual consideration, and applies reverse charge where guarantor is overseas. Circular No. 226 enables refund claims of additional IGST paid for post-export price increases through FORM GST RFD-01 subject to documentary proof and verification. Articles Goods and Services Tax - GST Thu, 29 Aug 2024 19:08:54 +0530 https://www.taxtmi.com/article/detailed?id=12881