Community Insights

Topic

Publish Date

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

Dated

Subject

Circular No. 218/12/2024-GST 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 27.10.2023 Clarification on issues pertaining to taxability of personal guarantee and corporate guarantee in GST
Circular No.116/35/2019-GST 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.