https://www.taxtmi.com/article/detailed?id=17322 Corporate guarantees issued by holding companies for subsidiaries raise a GST charging question: whether a guarantee given without fee, commission or other consideration is a taxable supply of service. The Bombay approach treats absence of consideration as excluding taxable service and holds that Rule 28 cannot create a charge through valuation. The Gujarat approach treats related-party guarantees made in furtherance of business as supplies under Schedule I despite no consideration, while restricting artificial higher valuation and retrospective application of Rule 28(2). en-us Mon, 31 Aug 2026 08:29:38 +0530 Mon, 31 Aug 2026 08:29:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=17322 Corporate guarantees issued by holding companies for subsidiaries raise a GST charging question: whether a guarantee given without fee, commission or other consideration is a taxable supply of service. The Bombay approach treats absence of consideration as excluding taxable service and holds that Rule 28 cannot create a charge through valuation. The Gujarat approach treats related-party guarantees made in furtherance of business as supplies under Schedule I despite no consideration, while restricting artificial higher valuation and retrospective application of Rule 28(2). Articles Goods and Services Tax - GST Mon, 31 Aug 2026 08:29:38 +0530 https://www.taxtmi.com/article/detailed?id=17322