https://www.taxtmi.com/article/detailed?id=16536 Corporate guarantees issued by a holding company to banks or financial institutions on behalf of a subsidiary or related entity, where no fee, commission, or other consideration is charged, are discussed as not constituting a supply under Section 7 of the CGST Act. The Bombay High Court's reasoning is presented as applying the principle that consideration remains the gateway to taxability, and that a shareholder or parent-company guarantee is not furnished in the course or furtherance of business in the relevant sense. The article also notes that the Court treated the no-consideration principle as continuing to operate in GST. en-us Sat, 30 May 2026 08:32:15 +0530 Sat, 30 May 2026 08:32:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16536 Corporate guarantees issued by a holding company to banks or financial institutions on behalf of a subsidiary or related entity, where no fee, commission, or other consideration is charged, are discussed as not constituting a supply under Section 7 of the CGST Act. The Bombay High Court's reasoning is presented as applying the principle that consideration remains the gateway to taxability, and that a shareholder or parent-company guarantee is not furnished in the course or furtherance of business in the relevant sense. The article also notes that the Court treated the no-consideration principle as continuing to operate in GST. Articles Goods and Services Tax - GST Sat, 30 May 2026 08:32:15 +0530 https://www.taxtmi.com/article/detailed?id=16536