Company liable to Pay GST for Personal Guarantee of Director under RCM: Telangana HC

Personal Guarantee of Director under RCM - Director under RCM - Reverse Charge Mechanism - Telangana High Court - Tax News - Telangana High Court Updates - TAXSCAN

A Division Bench of the Telangana High Court has held that the company is liable to pay Goods and Services Tax (GST) under Reverse Charge Mechanism (RCM) for personal guarantees furnished by the director of a company. The petitioner in the instant case is banking on the personal properties provided by the Managing Director as…

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