🌟 Notification No. 52/2023 Central Tax dated October 26, 2023 🌟 Circular No. 204/16/2023-GST dated October 27, 2023 For more details, Download the summary of the notification and circular from the following link: www.a2ztaxcorp.com/wp-content/uploads/2023/10/GST-Taxability-and-Valuation-Rules-for-Personal-and-Corporate-Guarantees_-A2Z-Taxcorp-LLP_28.10.2023.pdf
Good morning sir. Wanted to check your view on valuation in case of corporate guarantee provided by related Indian entity to foreign entity. Rule 28(2) is applicable only when the recipient is located in India. Resultantly, rule 28(1) i.e. open market value would be applicable in case of export. But what is the logic behind it ?
Dear Bimal Sir, Thank you for the valuable video, as always. Does guarantee provided by a company to the Bank in respect of Loan taken by the director of the company fall under the purview of GST, thereby levying GST on deemed value of 1% of Guarantee Amount?
Respected Sir, please suggest; if corporate guarantee is given by subsidiary co on behalf of holding co and such guarantee is prior to GST Act and loan upon which corporate guranatee has been given has been repaid in full in June,2023.
Sir, thank you for this session.Just a small clarification is required from your goodself. Is this circular applicable on corporate guarantee given by holding to subsidiary before Oct 26, 2023. Say for example Holding Company gave Corporate Guarantee for Rs 100 crore bank loan raised by its subsidiary in March 2022 for a Bank loan having Tenure of 5 years and maturing in March 2027. Is GST required to be paid in this case also. Please guide .
🌟 Notification No. 52/2023 Central Tax dated October 26, 2023
🌟 Circular No. 204/16/2023-GST dated October 27, 2023
For more details, Download the summary of the notification and circular from the following link: www.a2ztaxcorp.com/wp-content/uploads/2023/10/GST-Taxability-and-Valuation-Rules-for-Personal-and-Corporate-Guarantees_-A2Z-Taxcorp-LLP_28.10.2023.pdf
Good morning sir.
Wanted to check your view on valuation in case of corporate guarantee provided by related Indian entity to foreign entity.
Rule 28(2) is applicable only when the recipient is located in India.
Resultantly, rule 28(1) i.e. open market value would be applicable in case of export. But what is the logic behind it ?
Sir, What will be valuation of Rs.5 crore extended as corporate guarantee by a company to related person before 26/10/2023
Sir what would be the taxability in case corporate guarantee renewed every year given by the related person??
Same doubt... please anyone clarify
Dear Bimal Sir,
Thank you for the valuable video, as always.
Does guarantee provided by a company to the Bank in respect of Loan taken by the director of the company fall under the purview of GST, thereby levying GST on deemed value of 1% of Guarantee Amount?
Respected Sir, please suggest; if corporate guarantee is given by subsidiary co on behalf of holding co and such guarantee is prior to GST Act and loan upon which corporate guranatee has been given has been repaid in full in June,2023.
Corporate gurantee is charger under FCM Or RCM??
Whether corporate guarantee applicable on partnership firm.
Sir, thank you for this session.Just a small clarification is required from your goodself.
Is this circular applicable on corporate guarantee given by holding to subsidiary before Oct 26, 2023.
Say for example Holding Company gave Corporate Guarantee for Rs 100 crore bank loan raised by its subsidiary in March 2022 for a Bank loan having Tenure of 5 years and maturing in March 2027.
Is GST required to be paid in this case also.
Please guide
.
Is 1% is p.a. or one time
One time
Gst is applicable per annum or one time?
Rule 28 (2) is retrospective or prospect
26.10.2023
Prospective only I think
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