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- Whether GST is leviable on corporate guarantee without consideration between related parties ?
Whether GST is leviable on corporate guarantee without consideration between related parties ?
TRT-2026-1402
Issue Favourable to Tax Payer ?:- yes
Held – That the provision of Corporate Guarantee is in the nature of a contingent contract which is not enforceable till the guarantee is enforced by the entity to which the guarantee is provided. He further submits that the value of enforcement is not dependent on the value of the guarantee and it is only where the guarantee is enforced that the issue of service may arise, if at all and as such fixing a value at 1% of the Corporate Guar.....
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