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Yogi orders Judicial Probe into Hathras tragedyIndia, ADB sign USD170 mn loan to strengthen pandemic preparedness and responseBengal Governor gripes about protocol lapses during Siliguri visit; writes to State GovtCus - Export of non-basmati rice - Notification 20/2023 insofar as it denies the benefit of the transitional arrangement as contained in para-1.05 of the FTP 2023, is bad in law: HCHealth Ministry issues Advisory to States in view of Zika virus cases from MaharashtraCus - Refund of SAD - 102/2007-Cus - Areca Nut and Supari are one and the same - Objections with regard to name, nature and status of importer or buyers or the end use of goods purchased by them etc. are extraneous: HCExpert Committee on Climate Finance submits Report on transition finance to IFSCAGST - No E-way bill - When petitioner imports machinery and after Customs clearance, transports same to his own factory, it cannot be said that such a transportation would fall within the definition of term 'supply' - Penalty imposable under second limb of s.129(1)(a): HCWIPO data shows Chinese inventors filing highest number of AI patentsGST - Fix responsibility on officers who allowed BG to lapse - Petitioner not justified in not renewing BG - Cost of Rs.15 lacs imposed, to be paid to PM Cares Fund: HCManish Sisodia’s judicial custody further extendedWrong RoadST - Whether any service is used for personal consumption or not is certainly question of fact and being question of fact, no substantial question of law arises: HCGovt proposes to amend Geographical Indication of Goods Rules; Draft issued for feedbackWarehousing Authority notifies several agri goods to be stored in only registered warehousesST - Even if the petitioner may have a case on merits, it is best left to be decided by the Appellate Authority under the hierarchy prescribed under the FA, 1994: HCUS FDA okays Eli Lilly Alzheimer’s drugFive from Telangana killed in car accident on Pune-Solapur HighwayGST - Existence of an alternative remedy is a material consideration but not a bar to the exercise of jurisdiction: HCRailways earns Rs 14798 Crore from Freight loading in June month

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Taxability of Personal/Corporate Guarantees under GST


Taxabilityof personal and corporate guarantee under GST

Sir an Excellent explication on Personal Guarantee - a taxable Service under GST.

Learned Advocate has thoroughly examined the issue and wonderfully explained how the liability originates on Personal Guarantee under Sec 7 of GST and how it will come under the Definition of business under Sec 2 (17) and taxable supply

Sir thank you for the valuable input.

Raghavendra Rao
Advocate

srinivasan krishnamachari 24/12/2020

 

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