https://www.taxtmi.com/circulars?id=71256 Rule 28(2) values related-party corporate guarantee services supplied to a banking company or financial institution at the higher of actual consideration and one per cent per annum of the guaranteed amount. The service is taxable independently of loan disbursal and is valued on the amount guaranteed. Fixed-term guarantees are valued for their full period, while renewals are valued on each renewal. Domestic intra-group guarantees follow forward charge and overseas related-party guarantees to Indian recipients follow reverse charge. Invoice value is accepted where full input tax credit is available, and Rule 28(2) excludes guarantees supplied to recipients located outside India. en-us Tue, 31 Dec 2024 00:00:00 +0530 Thu, 10 Sep 2026 17:20:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=71256 Rule 28(2) values related-party corporate guarantee services supplied to a banking company or financial institution at the higher of actual consideration and one per cent per annum of the guaranteed amount. The service is taxable independently of loan disbursal and is valued on the amount guaranteed. Fixed-term guarantees are valued for their full period, while renewals are valued on each renewal. Domestic intra-group guarantees follow forward charge and overseas related-party guarantees to Indian recipients follow reverse charge. Invoice value is accepted where full input tax credit is available, and Rule 28(2) excludes guarantees supplied to recipients located outside India. Circulars GST - States Tue, 31 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=71256