Foreign company's guarantee to Indian subsidiary for loans triggers GST under reverse charge.

Case-Laws – GST – Highlights – GST is payable under reverse charge mechanism on issuance of corporate guarantee without consideration by foreign group company to Indian subsidiary for loan taken from banks/financial institutions. The time of supply is th

Foreign company's guarantee to Indian subsidiary for loans triggers GST under reverse charge.
Case-Laws
GST
GST is payable under reverse charge mechanism on issuance of corporate guarantee without consideration by foreign group company to Indian subsidiary for loan taken from banks/financial institutions. The time of supply is the date of entry in books of Indian recipient. Prior to 26.10.2023, GST is payable at the time of execution based on valuation u/r 28(1). Post 26.10.2023, GST is

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =