Corporate and Personal Guarantee—CA. Akash Phophalia

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The Tax Publishers GST--Levy of Tax Corporate and Personal Guarantee CA. Akash Phophalia The learned author tries to discuss taxation and Valuation aspects relating to corporate and Personal Guarantee. 1. Introduction Guarantee !!!! a new incumbent to charge GST on it. Guarantee although not defined in GST law but has to be understood in common parlance. It is a promise to compensate loss to third party on behalf of others. Providing guarantee is a kind of service provided by the guarantor to the other person commonly called as 'the principal' or 'the obligor'. This service is chargeable to GST under GST law. SUBSCRIBE FOR FULL CONTENT

The Tax Publishers

GST--Levy of Tax

Corporate and Personal Guarantee

CA. Akash Phophalia

The learned author tries to discuss taxation and Valuation aspects relating to corporate and Personal Guarantee.

1. Introduction

Guarantee !!!! a new incumbent to charge GST on it. Guarantee although not defined in GST law but has to be understood in common parlance. It is a promise to compensate loss to third party on behalf of others. Providing guarantee is a kind of service provided by the guarantor to the other person commonly called as 'the principal' or 'the obligor'. This service is chargeable to GST under GST law.