https://www.taxtmi.com/article/detailed?id=17212 Corporate guarantees for subsidiaries may be taxable GST supplies between related persons even without consideration, where they provide credit support in the course or furtherance of business. Rule 28(2) remains a valid valuation mechanism where actual consideration is absent or unascertainable, but it cannot compel a higher notional value when lower actual consideration is ascertainable. Its application to guarantees furnished before 26 October 2023 is impermissible, though continuing guarantees may be assessed from that date. Section 74 cannot rest solely on a bona fide interpretative dispute. en-us Tue, 18 Aug 2026 08:36:14 +0530 Tue, 18 Aug 2026 08:36:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=17212 Corporate guarantees for subsidiaries may be taxable GST supplies between related persons even without consideration, where they provide credit support in the course or furtherance of business. Rule 28(2) remains a valid valuation mechanism where actual consideration is absent or unascertainable, but it cannot compel a higher notional value when lower actual consideration is ascertainable. Its application to guarantees furnished before 26 October 2023 is impermissible, though continuing guarantees may be assessed from that date. Section 74 cannot rest solely on a bona fide interpretative dispute. Articles Goods and Services Tax - GST Tue, 18 Aug 2026 08:36:14 +0530 https://www.taxtmi.com/article/detailed?id=17212