{"id":69585,"date":"2024-07-12T20:28:09","date_gmt":"2024-07-12T14:58:09","guid":{"rendered":""},"modified":"2024-07-12T20:28:09","modified_gmt":"2024-07-12T14:58:09","slug":"new-rule-28-2-cgst-corporate-guarantees-valued-at-1-annually-or-actual-consideration-itc-available-gst-on-new-guarantees-only","status":"publish","type":"post","link":"https:\/\/goodsandservicetax.in\/GST\/?p=69585","title":{"rendered":"New Rule 28(2) CGST: Corporate Guarantees Valued at 1% Annually or Actual Consideration; ITC Available; GST on New Guarantees Only."},"content":{"rendered":"<p>New Rule 28(2) CGST: Corporate Guarantees Valued at 1% Annually or Actual Consideration; ITC Available; GST on New Guarantees Only.<br \/>Circulars<br \/>GST<br \/>Sub-rule (2) of Rule 28 of CGST Rules provides for valuation of supply of services of providing corporate guarantee between related persons. It applies to guarantees issued\/renewed on or after 26.10.2023. Value is 1% of guaranteed amount per annum or actual consideration, whichever is higher. ITC is available irrespective of loan disbursal. No<\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p align=\"center\"><strong>Plain text (Extract) only<\/strong><BR>For full text:-<a href=\"https:\/\/www.taxtmi.com\/highlights?id=79358\">Visit the Source <\/a><\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Rule 28(2) CGST: Corporate Guarantees Valued at 1% Annually or Actual Consideration; ITC Available; GST on New Guarantees Only.CircularsGSTSub-rule (2) of Rule 28 of CGST Rules provides for valuation of supply of services of providing corporate guarantee between related persons. It applies to guarantees issued\/renewed on or after 26.10.2023. Value is 1% of guaranteed &hellip; <a href=\"https:\/\/goodsandservicetax.in\/GST\/?p=69585\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;New Rule 28(2) CGST: Corporate Guarantees Valued at 1% Annually or Actual Consideration; ITC Available; GST on New Guarantees Only.&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-69585","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/69585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=69585"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/69585\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=69585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=69585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=69585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}