Acme Cleantech Solutions (P.) Ltd. V/s Union of India {HIGH COURT OF PUNJAB AND HARYANA}
Acme Cleantech Solutions (P.) Ltd. V/s Union of India {HIGH COURT OF PUNJAB AND HARYANA} :Date of Order : 03-05-2024simplified explanation of the High Court ruling regarding the GST clarification on corporate guarantees:
Background:
Acme Cleantech Solutions (P.) Ltd. filed a petition challenging Item No. 2 of Circular No. 204/16/2023-GST issued on 27th October 2023. This item clarified the taxability of activities related to providing corporate guarantees by one entity on behalf of another related entity or by a holding company for...
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