GST on corporate guarantees: Taxmen believe clarity will emerge only in SC
GST on corporate guarantees between two related entities will emerge only after the supreme court gives its final word on the subject
Tag: gst on corporate guarantee
Delhi HC issued notice to decide on the taxability of providing corporate guarantee by holding company to a subsidiary
The Petitioner has filed a writ petition for declaration to the effect that the activity of the holding company providing a Corporate Guarantee to a subsidiary should not be considered as supply of services taxable under Section 9 of the CGST Act.
GST on related party corp guarantees: Centre expected to issue clarification
The Ministry of Finance is likely to issue clarification regarding the taxability of corporate guarantees under the GST law between related parties, according to sources in the know.
Taxability of Personal/Corporate Guarantees under GST
Banks obtains personal/corporate guarantees from the Directors of the Corporations and the holding/subsidiary companies between one another, to secure the Loans advanced by them to those companies.
GST on corporate guarantees: Experts await more clarity
Indirect tax experts are awaiting clarity on the levy of goods and services tax (GST) on corporate guarantees given by Indian companies on behalf of their subsidiaries following a notification issued by the finance ministry in October. The 26 October…
Biocon gets over Rs 3 crore penalty over GST related issues
Biocon Ltd on Friday said it has been imposed a penalty of over Rs 3 crore over GST-related issues. The company has received an order of adjudication imposing a penalty of Rs 3,03,78,465 dated February 22, 2024, from the office…
GST on corp guarantee: Realtors seek revision
Real estate developers have made representation before Finance Minister Nirmala Sitharaman to make amendments in the recent circular of imposing 18% GST on corporate guarantees given by related parties, as per government sources. “As per developers, 18% GST should be…