Circular No. 225/19/2024-GST: Taxability and Valuation of Corporate Guarantees

CIRCULAR NO. 225/19/2024-GST [F. NO. CBIC-20001/4/2024 – GST…SECTION 15 OF THE CENTRAL GOODS AND SERVICES TAX ACT, 2017 – TAXABLE SUPPLY – VALUE OF – CLARIFICATION ON VARIOUS ISSUES PERTAINING TO TAXABILITY AND VALUATION OF SUPPLY OF SERVICES OF PROVIDING CORPORATE GUARANTEE BETWEEN RELATED PERSONSCIRCULAR NO. 225/19/2024-GST [F. NO. CBIC-20001/4/2024 – GST], DATED 11-7-20241.1 As per the recommendations of the GST Council, sub-rule (2) was inserted in Rule 28 of Central Goods and Services Tax Rules, 2017 (hereinafter referred to as...

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