Community Insights

Topic

Publish Date

Sales Promotional Expenses- ITC available or not

In the competitive world, the companies usually execute/implement certain attractive promotional methodology to the boost up the sale of their goods or services and to attract new customers. These methodologies include various discount offers, involvement of free samples, providing warranty services etc. In this respect it is important to know about the GST implications on said attractive  ..................... Read More

17.01.2025

Unveiling the Impact of GST on Corporate Guarantees

A Corporate Guarantee is a guarantee in which any corporation agrees to be responsible for the financial obligations of the principal debtor to the creditor. These transactions usually include inter-group Corporate guarantees, which are given to facilitate smoother financial functioning for the related persons. For example, A holding or parent company issues a corporate guarantee to Banks or Financial Institutions as collateral security ..... Read More

23.05.2024

CIRCULARS

Circular

Subject

Circular No. 218/12/2024-GST dated 26.06.2024 Clarification regarding taxability of the transaction of providing loan by an overseas affiliate to its Indian affiliate or by a person to a related person.
Circular No. 204/16/2023-GST dated 27.10.2023 Clarification on issues pertaining to taxability of personal guarantee and corporate guarantee in GST
Circular No. 116/35/2019-GST dated 11.10.2019 Levy of GST on the service of display of name or placing of name plates of the donor in the premises of charitable organizations receiving donation or gifts by individual donors.
Circular No. 16/16/2017-GST dated 15.11.2017 Clarifications regarding applicability of GST and availability of ITC in respect of Warehousing of agricultural produce, Inter state transfer of aircraft engines and parts, General Insurance services provided by State Government