https://www.taxtmi.com/caselaws?id=764527 A challenge to the levy and classification of corporate guarantees as taxable supplies under the CGST framework raised the question whether such guarantees issued for subsidiaries or related entities fall outside taxability, and whether any event would instead be governed by the IGST regime as an inter-State supply. Pending affidavits and further hearing, the operation and effect of the impugned order and show cause notice were stayed. The matter was therefore left open for further consideration, with no final determination on taxability or statutory classification at this stage. en-us Wed, 08 Jan 2025 00:00:00 +0530 Thu, 07 May 2026 15:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764527 A challenge to the levy and classification of corporate guarantees as taxable supplies under the CGST framework raised the question whether such guarantees issued for subsidiaries or related entities fall outside taxability, and whether any event would instead be governed by the IGST regime as an inter-State supply. Pending affidavits and further hearing, the operation and effect of the impugned order and show cause notice were stayed. The matter was therefore left open for further consideration, with no final determination on taxability or statutory classification at this stage. Case-Laws GST Wed, 08 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764527