CBIC releases Clarification on GST Treatment of Corporate Guarantees [Read Circular]

CBIC - Clarification - GST Treatment - Corporate Guarantees-TAXSCAN

Based on the representations received, the Central Board of Indirect Taxes and Customs (CBIC), vide circular no. 204/16/2023-GST issued on 27th October 2023 has issued a clarification on issues pertaining to the taxability of activity of providing personal bank guarantee by Directors to banks for securing credit facilities for the company. Similarly, clarifications are being…

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