CORPORATE GUARANTEE GIVEN TO OUR SISTER CONCERN COMPANY
This query is : Open
08 May 2021
Dear Experts
Kindly advise we have given the Corporate guarantee to our Sister concern company for getting loan.
The GST on the above transaction is applicable and if applicable how to calculate taxable value and rate.
Kindly advise we have given the Corporate guarantee to our Sister concern company for getting loan.
The GST on the above transaction is applicable and if applicable how to calculate taxable value and rate.
08 May 2021
GST not applicable if merely given the guarantee without any charges.
08 May 2021
if any consideration is payable in the form of Interest GST is not applicable as it is not actionable claim, however if no consideration is paid then GST is applicable on the Corporate Guarantee amounts like actionable claim
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